PRC In the News
03/31/16|BenefitsPro

California explores state-run 401(k) plan

In a time when employers are increasingly trimming or completely forgoing employee retirement benefits, political leaders in the country’s largest state hope the government can help young workers take matters into their own hands.

Press Release
03/29/16

MEDIA ADVISORY: Retirees coordinate statewide “March Madness” actions to protest unfair pension cuts

In a series of coordinated actions taking place from March 10-13, angry retired truck drivers, spouses and widows are taking to the streets in five states to protest unprecedented proposed cuts to their pensions. The retirees are calling on presidential candidates and members of Congress to protect their pensions and to educate other retirees that […]

PRC In the News
03/29/16|Los Angeles Times

California proposal for state-run retirement plan for private-sector workers moves forward

California has taken a step closer to becoming the first state to make retirement savings accounts a near-universal benefit for workers with a plan that lawmakers hope will help ease an expected massive shortfall in retirement savings.

PRC In the News
03/25/16|Bloomberg Businessweek

The case of the missing pension

Tracking down a plan from a former employer can be difficult.

PRC In the News
03/22/16|Plan Sponsor

Retirees Nationwide Protest Multiemployer Plan Benefit Cuts

The Pension Rights Center announced that in a series of coordinated actions taking place from March 10 through 13, retired truck drivers, spouses and widows are taking to the streets in five states to protest unprecedented proposed cuts to their pensions.

PRC In the News
03/22/16|The Register Guard Projects

Editorial: A debt trap in need of a fix

In 2014, half of all older U.S. adults had less than $22,248 in yearly income from all sources, according to the Pension Rights Center. Pushing them further into poverty by garnishing their Social Security is an embarrassment to the country.

PRC In the News
03/22/16|Concord Monitor

Editorial: State needs to address senior squeeze

Most current retirees worked in an age when larger companies provided employees with defined benefit pension plans. When combined with Social Security, pensions allow many retirees to enjoy a comfortable old age. Despite that, according to the Pension Rights Center, half of America’s 46.2 million retirees in 2014 had an income from all sources of […]

PRC In the News
03/22/16|TIME

Bernie Sanders is a De Facto Millionaire

It’s all about the retirement income.

PRC In the News
03/22/16|The Commercial Appeal

Teamsters retirees push back against pension cuts

“I feel like I’ve been robbed,” Laxton said. “I was promised all these years that I would receive this retirement at retirement age as long as I worked the years, and now they’re telling me that they have misinvested the money. I had no idea, or I’d have stayed in the truck,” he said.

PRC In the News
03/21/16|Pension & Benefits Daily

Church Plan Challengers Score Second Appellate Victory

The nationwide litigation effort accusing large hospitals of using ERISA’s church plan exemption to underfund their pension plans by millions of dollars scored its second big victory when the U.S. Court of Appeals for the Seventh Circuit ruled against Illinois-based Advocate Health Care Network.

PRC In the News
03/21/16|The Kansas City Star

Who will do right by the Teamsters’ broken pension promises?

Thirty years of work for a truckload of broken promises. More than 200,000 Teamsters have traveled a long road that was supposed to end with a secure retirement. Instead, decades of misdeeds and neglect have exploded into a public crisis. Now, retired union members face drastic cuts in their monthly pension checks — many by half […]

Speeches & Statements
03/16/16

PRC statement to the Senate Finance Committee on “The Multiemployer Pension Plan System: Recent Reforms and Current Challenges” (March 1, 2016)

The Pension Rights Center is a nonprofit consumer organization that has been working since 1976 to promote and protect the retirement security of American workers and their families. We are pleased that the Senate Finance Committee is holding today’s hearing, “The Multiemployer Pension Plan System: Recent Reforms and Current Challenges.” We hope that the hearing […]