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ERISA

Will your pension be there when you need it?

News Item

Karen Friedman is the executive vice president and policy director at the Pension Rights Center, and Joellen Leavelle is the group’s communications and outreach director. Last week, I invited them to answer readers’ questions about their pensions. Here are some questions they didn’t have time to get to from last week’s Color of Money live chat.

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Proposed regulations on state-based retirement plans for private-sector workers (January 2016)

Regulations

The Pension Rights Center submitted comments on the U.S. Department of Labor’s proposed regulations that would allow the creation of certain state-legislated retirement savings plans that would be exempt from the Employee Retirement Income Security Act of 1974 (ERISA).

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A big step forward for state-based initiatives

Blog entry

For the past 15 years, one of the Center’s top priorities has been to find innovative ways of finishing the formidable task of expanding pensions and retirement savings for the about 50 percent of the workforce – 70 million Americans – who are not currently participating in an employer-sponsored retirement savings or pension plan.

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Experts watching high court session

News Item

Pension plan executives and other investors are watching several Supreme Court cases in the term starting Oct. 5, especially ones that could change the rules for bringing legal actions against corporations, and challenges to when and where retirement plan participants can sue.

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An amazing "Day of Action"

Blog entry

To help retirees around the country fight back against proposed reductions in their hard-earned pensions, the Pension Rights Center organized a “day of action” on September 10. The day was an amazing success with more than 200 retirees travelling to DC from 11 states to ask government officials and members of Congress to “stop the clock” on pension cuts.

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Countdown to Cuts: Retirees Call on Policymakers to Stop the Clock on Cuts to Their Pensions

News Release

WASHINGTON – Hundreds of retired truck drivers and their spouses came to Washington, D.C., today to tell policymakers how proposed cuts to their pensions  More...

Retirement Plans At Every Employer! Is Your State Next?

News Item

Paid sick leave, raising the minimum wage, commuter benefits. What’s next on the list of items employers are going to have to offer their employees? Retirement benefits.

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ERISA’s Demise: The Domino Effect and Huelga: Story from a Casino Utility Closet

News Item

PRC Executive Vice President and Policy Director Karen Friedman appeared on this radio program to discuss Sen. Bernie Sanders' bill to repeal benefit cutbacks for retirees in certain underfunded multiemployer pension plans. Karen's segment begins at 19:40 in the podcast and lasts for approximately 30 minutes. [AUDIO]

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Summary of the pension cutback provisions in the Multiemployer Pension Reform Act of 2014

Legislation

In December 2014, Congress passed and President Obama signed into law the 2015 Omnibus spending bill, which included provisions of the Mult

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As Pension Recoupment Grows, Advocates For Pensioners Offer Advice to Agencies

News Item

Pension plans have been ratcheting up demands that retirees reimburse them for benefit overpayments, and a lack of government guidance has pushed those efforts even further, advocates for pensioners told Bloomberg BNA.

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