Month: January 2014
PRC comments to OMB on terminating pension plans (January 21, 2014)
The Pension Rights Center submitted comments to the Office of Management and Budget, supporting the Pension Benefit Guaranty Corporation’s request that terminating single employer plans be required to include sample copies of the required notices that they sent to participants.
PRC comments to the IRS on the Form 8955-SSA (January 21, 2014)
The Pension Rights Center submitted comments to the IRS, supporting its request to continue collecting information on Form 8955-SSA.
How to Monitor Your Pension’s Health
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.
Timing of Fiduciary Rule for Retirement Plans Questioned
If you have a 401(k) or other retirement plan, you may be waiting even longer before new government standards are imposed that require your financial adviser to act in your best interest.
House Democrats urge caution on DOL fiduciary-duty rule
A group of 30 House Democrats has warned Labor Secretary Thomas Perez that a pending rule that would raise investment advice standards for retirement-plan advisers could hurt investors with modest assets.
