Speeches & Statements
05/31/15

Speech by Karen Friedman to the Pension Rights Committee of North Carolina (May 30-31, 2015)

Good morning, my friends from the Pension Rights Committee of North Carolina. Thanks for inviting me to speak today. I am the executive vice president and policy director of the Pension Rights Center, the country’s oldest national consumer organization working to protect and promote the retirement rights of workers, retirees, and their families. We’ve been […]

PRC In the News
05/28/15|AARP Bulletin

IRS Moves to Ease Pension Pain

AARP Bulletin story exposed drastic payment reductions

PRC In the News
05/22/15|Consumers Digest

States seek workplace retirement plans

According to the latest data, about 55 million U.S. private-sector workers don’t have access to a workplace retirement-savings plan, and states want to change that.

PRC In the News
05/19/15|Bloomberg BNA's Pension & Benefits Reporter

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

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.

Press Release
05/19/15

Supreme Court Decision in Tibble a Victory for 401(k) Participants

WASHINGTON – On May 18, the U.S. Supreme Court ruled in favor of employees in Tibble v. Edison International, a class-action lawsuit filed by participants in the power company’s 401(k) plan. The plaintiffs argued that plan trustees violated their fiduciary duty by paying more than necessary for certain investments, which negatively impacted their account balances. […]

PRC In the News
05/19/15|Bloomberg BNA's Pension & Benefits Reporter

As Church Plan Debate Hits Next Level, 3rd Cir. Receives Competing Amicus Briefs

More than two years into a litigation effort challenging the way large hospitals run their pension plans, all eyes are on the U.S. Court of Appeals for the Third Circuit, which recently received a flood of amicus briefs arguing both sides of the debate.

PRC In the News
05/18/15|San Francisco Chronicle

Supreme Court decision should help lower 401(k) fees

In a decision that should put further downward pressure on 401(k) fees, the Supreme Court ruled unanimously Monday that the trustees in charge of such plans have an ongoing duty to monitor plan investments.

Speeches & Statements
05/16/15

Speech by Karen Friedman at the Labor Fightback Conference 2015 (May 16, 2015)

Hello, Labor Fightback! Thanks for inviting me this evening to speak. I’m Karen Friedman, the executive vice president and policy director of the Pension Rights Center. We are a national consumer organization that has been around since 1976, working to promote and improve retirement security for American workers and their families. We work to close […]

PRC In the News
05/13/15|ThinkAdvisor

More GOP Senators Press DOL to Extend Fiduciary Comment Period

Lawmakers on both sides of the aisle continue to pressure the Department of Labor to extend the comment period on its revised plan to amend the definition of fiduciary for retirement accounts.

PRC In the News
05/08/15|Investment News

Split with White House widens as Democratic lawmakers ask DOL to extend comment deadline on fiduciary rule

More than two dozen Democratic lawmakers are asking the Labor Department to extend the comment period on a controversial rule that would raise investment advice standards for brokers working with retirement accounts.

PRC In the News
05/08/15|ThinkAdvisor

Lawmakers Ask DOL’s Perez to Extend Fiduciary Comment Period

Lawmakers asked Labor Secretary Thomas Perez in two separate letters this week to extend by another 45 days the comment period on the Department’s redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.

Blogs & Newsletters
05/06/15

Older Americans Month 2015 – Helping older Americans get into the act

May 1 marked the start of Older Americans Month, a time when the aging services community highlights the country’s older Americans and the programs that serve them. Sponsored by the Administration for Community Living, the theme for this year’s Older Americans Month is “Get into the Act.” In my position as Digital and Outreach Director […]