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PRC Perspectives Blog

Retirees Celebrate Historic Pension Victory

Posted by Karen Friedman on April 08, 2021

With the enactment of the Butch Lewis Emergency Pension Plan Relief Act, retirees across the country are “dancing in the streets” to celebrate the wonderful news that their pensions have been saved. Press the link to join the celebration and show-off your latest dance moves.

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RRF Foundation for Aging releases issue brief on economic security later in life

Posted by Karen Friedman on March 15, 2021

The RRF Foundation for Aging is one of the few private foundations in the United States devoted exclusively to aging issues. Its mission is to improve the quality of life for older people. One of its Priority Areas is increasing economic security in later life.

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Prospects Brighten for Much Needed Pension Rescue Bill as It Heads to House Floor Vote

Posted by David B. Brandolph on February 19, 2021

The House Ways and Means Committee significantly boosted the prospect for passage of much needed pension relief that would protect the hard-earned and promised benefits of active and retired truck drivers, nurses and health care workers, plumbers and construction trade workers – people who we now recognize and honor as America’s essential workers in this time of crisis.

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Welcome Labor Department Guidance on Missing Participants

Posted by Jane Smith on February 12, 2021

Recently issued Department of Labor guidance is an important step toward resolving the “missing participants” problem.  

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NIRS Report Says U.S. Gets Overwhelming Economic Benefit from Pension Payments

Posted by David B. Brandolph on January 15, 2021

Payments from traditional pension plans generated a staggering $1.3 trillion in U.S. economic output in 2018, according to a report recently released by the National Institute on Retirement Security (NIRS).

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RRF Foundation for Aging’s president urges action to address plight of older adults

Posted by Karen Friedman on January 06, 2021

While Americans of all ages are cheering the prospect of vaccinations, the pandemic has already “put older people’s economic well-being at risk,” Mary O’Donnell, president of the RRF Foundation for Aging, said in an important and timely op-ed recently published in Crain’s Chicago Business.

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Retirement & Divorce: New Report Highlights What We Don’t Know

Posted by Emily Spreiser on December 18, 2020

In August 2020, the U.S.

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Legislation offers hope for finding lost pensions

Posted by Kyle Garrett on July 08, 2020

(Update: February 12, 2021. The Lost and Found provisions of the Warren/Daines bill are included in the Securing a Strong Retirement Act of 2020 (H.R. 8696). It is likely that this bill will be reintroduced into Congress in 2021.)

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A helpful guide for people awarded retirement benefits at divorce

Posted by Emily Gilbert on June 25, 2020

There is now a helpful new guide for individuals who are going through a divorce and have questions about dividing retirement benefits.

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On Saving Pensions, One Step to Go, On Composites and GROW, We Say No!

Posted by Karen Friedman on May 29, 2020

PRC is thrilled that on May 15, as part of the latest COVID-19 relief bill (known as the HEROES Act), the House of Representatives passed the well-crafted Emergency Pension Plan Relief Act (EPPRA) to shore-up underfunded multiemployer pension plans. We urge the Senate to ensure that EPPRA’s provisions are retained in any compromise bill it works out with the House.

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