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Public pension plans

Keep an Eye on Finances During a Divorce

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Divorce at any age will send tremors through your finances. But when it comes later in life, it's sure to upend even the best-laid financial plans.

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Karen Friedman appears on MSNBC's Melissa Harris-Perry Show [VIDEO]

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PRC Executive Vice President and Policy Director Karen Friedman was a panelist on the Melissa Harris-Perry Show to discuss pensions and the retirement income crisis.

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Karen Friedman appears on the Michael Finney Show [AUDIO]

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PRC Executive Vice President appeared on the Michael Finney Show to talk about recent legislation that expands pensions and attacks on retirees benefits. Karen's segment begins at approximately 24:40 into the program and lasts 15 minutes.

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EXPLAINED: The nation’s retirement savings crisis, in two charts

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One look at the chart above says all you need to know about the costs of retirement for public workers in San Jose, California’s third-largest city: They are soaring.

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Protecting Detroit's Pensioners Protects American Values

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In one remarkable week in January, we saw the introduction of three proposals to expand retirement savings for the half of the workforce not covered by employer-sponsored plans: President Obama's myRA, Senator Tom Harkin's USA Retirement Funds Act, and Senator Bill Nelson and Senator Susan Collins' Retirement Security Act.

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Corporate pension plans mark sad milestone

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Corporate America's move away from defined benefit plans hit a dubious milestone: For the first time since Pensions & Investments began listing the largest U.S. retirement plans, not a single corporate name appears in the ranking of the 10 largest defined benefit plans.

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Snyder does right thing by helping pensioners

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A letter to the editor from PRC Executive Vice President and Policy Director Karen Friedman (scroll down to see the letter)

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How to Monitor Your Pension's Health

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You paid into a pension system. It will pay out for you ... right? Maybe. As illustrated by Detroit's municipal bankruptcy and the threatened implosion of its pension plans, not to mention routine corporate bankruptcies, pensions can't be taken for granted.

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America's Pensions Are Under Attack, and More

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...In screwed news... America's pensions are under attack.  Politicians, corporations, and even our courts are all chipping away at retirement benefits and promised healthcare that workers paid into throughout their careers. 

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Retirement crisis grows as cities raid pension and health plans

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Across America, states, counties and cities are taking steps that will make retirement for ex-public employees much harsher. Courts, politicans and corporations are all working together to chip away at deferred wages: reducing pensions or eliminating promised healthcare, or both. Said simply, they’re looting retirements and pushing people toward poverty.

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