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401(k) plans

Surprise! A lot of people are still in pension plans

Blog entry

The newest addition to our Statistics pages reveals what some may consider a surprising fact: Nearly one-third of private-sector workers participating in retirement plans are in pension plans.  

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Don’t lose your retirement plan when you move!

Blog entry

A few weeks ago, the Pension Rights center moved to a new office. We’ve had to update our mailing address with the post office, vendors, people on our email list and just about anyone you can think of.

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No Worker Left Behind

News Item

“You could argue that the 401(k) system works for many people,” says Karen Friedman, executive vice president and policy director at the Pension Rights Center in Washington, D.C. “But you also could argue that it has failed many people.”

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When Your 401(k) Is Better for Your Employer

News Item

Is your retirement plan set up to benefit you or your employer? Such a question may seem out of place. After all, the Employee Retirement Income Security Act of 1974, known as Erisa, requires overseers of 401(k) plans and other benefit programs to ensure they are run safely, soundly and in participants’ best interests.

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How the Dream of Retirement Is Becoming a Nightmare

News Item

How bad is it? According to a May 2015 study by the Government Accountability Office on retirement preparedness, half of American households have no retirement savings at all. That’s zero: no 401(k)s, no IRAs, not a dime.

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Pension Rights Center Applauds Release of Rule Protecting Investors from Conflicted Investment Advice

News Release

WASHINGTON – The Pension Rights Center applauds the U.S. Department of Labor for finalizing an important regulation to help ensure that financial advisers and brokers who give advice on investments in 401(k) plans and IRAs do so in the best interests of their clients.

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State-Run IRAs May Offer a New Retirement Plan Option

News Item

According to the Pension Rights Center, half the states in the nation are discussing the possibility of creating state-run IRAs for workers at small businesses. 

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Lawmakers Announce Principles for Bill As Alternative to DOL Fiduciary Rule

News Item

A bipartisan group of House lawmakers teamed to release a set of "best interest" principles to form the basis of financial education and advice legislation they are developing to counter the Department of Labor’s proposed fiduciary rule.

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The Inefficiencies of Existing Retirement Savings Incentives (October 2015)

Publication

America’s middle class faces a growing retirement crisis. More than half of all working-age households are expected to be at risk of having to cut back their standard of living—often making painful adjustments—when they retire. There are several reasons for the ever-larger looming crisis, but people’s inability to save enough money is a key obstacle to achieving more retirement security.

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Proposed Rule on Conflicts of Interest in Investment Advice (November 2015)

Regulations

The Pension Rights Center submitted comments to the Department of Labor (DOL) and testified at a hearing in support of the department’s proposed revision of the definition of “fiduciary.” The proposed definition describes the circumstances under which a financial adviser becomes a fiduciary and must give advice in the best interest of the customer, avoiding all conflicts of interest unless they are expressly allowed.

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