Month: June 2013
A deed well done: Pensions protected
Let me brag. The Pension Rights Center, where I serve on the board, has just helped participants in a so-called church plan achieve justice. The Pension Rights Center did not do this alone; former employees and retirees as well as the Internal Revenue Service and the Pension Benefit Guaranty Corporation (PBGC) played important roles. This […]
Do no harm: Protecting retirees in shaky pension plans
We’ve all heard the physician’s Hippocratic oath: “First, do no harm.” But there’s a similar, less-well-known principle in the world of pensions: First, do no harm to retirees.
Webinar: Finding Lost Pension Plans
Event description: The Pension Rights Center held a webinar on tips and tricks for tracking down a lost pension or retirement savings plan. Participants in this webinar learned about the problem of lost pension plans and the resources available to find these plans. This webinar was offered free of charge for legal service providers and advocates. […]
Group letter opposing a bill that would prevent stronger fiduciary regulations (June 18, 2013)
The Pension Rights Center — along with AARP, the AFL-CIO, Americans for Financial Reform, the Consumer Federation of America, and Demos — submitted a letter to the U.S. House of Representatives, asking members to oppose H.R. 2374, a bill that would stall efforts by the Department of Labor to ensure that financial advisors act in […]
Suddenly, Retiree Nest Eggs Look More Fragile
Many Americans don’t have enough money to carry them through retirement — and many of them know it.
House panel hears multiemployer pension reform ideas
Rep. Phil Roe, R-Tenn., called for “broad, structural changes” in the multiemployer pension system at a hearing Wednesday of the House Education and the Workforce Subcommittee on Health, Employment, Labor and Pensions.
PRC statement on protecting retirees when making reforms to the multiemployer pension system (June 12, 2013)
The Pension Rights Center submitted a statement to the Subcommittee on Health, Education, Labor, and Pensions of the House Education and Workforce Committee for a hearing on “Strengthening the Multiemployer Pension System: What Reforms Should Policymakers Consider?” In its statement, the Center called for greater protections for retirees when considering benefit cuts in severely underfunded […]
Lost Defined Benefit Plans a Challenge For Those Nearing Retirement, Speakers Say
Pension specialists recommended June 4 that the Department of Labor’s Employee Benefits Security Administration develop a lost-plan registry to help individuals find retirement income when they have difficulty locating a former employer.
A Paycheck’s Impact on Retirement Income Benefits
Returning to work can affect Social Security benefits and pension payments, but may also let you turbocharge your nest egg.
PRC statement to the ERISA Advisory Council on lost participants and lost plans (June 4, 2013)
PRC Policy Analyst Jane Smith testified before the ERISA Advisory Council on helping pension plans find missing participants and vice versa. Among its suggestions, the Center recommended that the Department of Labor work with the Pension Benefit Guaranty Corporation to establish a Lost Pension Plan Registry, which will help individuals find and claim pension benefits […]