PRC In the News
02/26/14|Washington Post

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

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.

Blogs & Newsletters
02/24/14

Evaluating 401(k) Plans in a House of Mirrors

Every few months, a financial services company releases numbers touting the success of 401(k) plans. 401(k) account balances are higher than ever! 401(k) plans are working just fine! There is no retirement crisis! However, like magicians, these firms don’t want you to see what’s behind the numbers. New reports from Fidelity Investments and the Vanguard […]

PRC In the News
02/20/14|Huffington Post

Protecting Detroit’s Pensioners Protects American Values

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.

Blogs & Newsletters
02/18/14

Detroit: Protecting Pensioners is Key to the City

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. The merits of each proposal can […]

PRC In the News
02/16/14|Register Citizen (Torrington, CT)

The Activist Awards

Suppose our country had another Academy Awards gala for citizen heroes – those tiny numbers of Americans who are working successfully fulltime in nonprofit groups to advance access to justice, general operations of our faltering democratic society, and the health, safety, and economic well-being of all citizens.

PRC In the News
02/15/14|The Day (New London, CT)

State’s leading business group down on proposed pension bill

The state’s leading business group is firing a warning shot about new legislation that would require Connecticut companies not providing retirement benefits to direct employees toward a state-sponsored program.

Blogs & Newsletters
02/13/14

Dialed-up employee outcry causes AOL to dial back 401(k) changes

If you’re an AOL employee who went away for a long weekend you might have missed the hubbub about your 401(k) plan. Here’s a recap: On Thursday AOL announced that it would make its 401(k) matching contribution to workers’ 401(k) plans in one lump sum at the end of the calendar year. The outcry was […]

PRC In the News
02/10/14|AARP Bulletin

AOL Reverses 401(k) Policy After Blowback

Like boomers (and all workers for that matter) don’t have enough to worry about when it comes to saving enough for retirement. Now actions by AOL’s Tim Armstrong may be setting a dangerous example for other companies to follow suit.

Blogs & Newsletters
02/05/14

A big week in retirement security

Each year the State of the Union address allows the President to have a conversation with the American people while outlining his priorities for the coming year. In this year’s speech, President Obama not only acknowledged that millions of Americans are facing a retirement crisis, he announced the creation of a new savings plan for […]

PRC In the News
02/05/14|AARP Bulletin

More New Retirement Account Proposals

Americans are way short in their retirement savings and President Obama’s MyRA plan that he unveiled last week isn’t the only new proposal that aims to help with that problem.

PRC In the News
02/04/14|Bloomberg BNA Pension & Benefits Reporter

Sen. Harkin Proposes Bill to Expand Workers’ Access to Retirement Plans

Sen. Tom Harkin (D-Iowa) unveiled long-awaited legislation that proposes to provide all workers with access to a retirement plan through automatic payroll deductions, particularly workers who currently don’t have access to employer-provided retirement plans.

PRC In the News
02/03/14|Fortune

Finally, a retirement plan friendly to smaller savers?

Under the president’s plan, myRA retirement accounts would be available to U.S. workers who don’t have access to a 401(k) plan.