PRC In the News
Bloomberg Law: UAW Aims to Restore Retiree Benefits Given Up in 2008 Crisis
At the center of a historic UAW strike against all three major US automakers is an effort against long odds to reclaim retirement benefits workers conceded decades ago as manufacturers teetered on the brink of collapse. United Auto Worker union activists say they want back the guaranteed lifetime pension payments and retiree medical care they […]
NYT: Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses
Federal law generally protects retirement savings when a company files for bankruptcy. But that’s not always the case.
CNN: Traditional pension plans are pretty rare. But here’s who still has them and how they work
The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But for most private-sector US workers, pensions disappeared long ago.
The truckers’ triumph: The incredible story of how a scrappy group of blue-collar retirees rescued their pensions
‘I had to get this fight done no matter what’: It took retired trucker Mike Walden nine years, but reinstated benefits recently started flowing to multiemployer pension participants across America.
How to Find an Old 401(k) Account
During the frenzy of leaving behind an old job and getting acclimated to a new position, rolling over your 401(k) plan isn’t always your first priority. Some people even lose track of a 401(k) plan at a former employer. Here’s what to do if you’re trying to find funds held in a previous employer’s 401(k) […]
Commentary: Money maze, as retirees become detectives to find ‘lost’ pensions
When Sam Semilia toted up his retirement finances, he was pretty sure that he was due a pension from his time working as a steam engineer for the Diamond Crystal salt company four decades before.
The Average Retirement Income in 2022
How are you going to pay for retirement? How is everyone else doing it? What is the average retirement income for 2022? Has it changed a lot from past years as we emerge from the pandemic? Are you anywhere close to average?
Nonprofit Leader Crusaded Quietly to Protect Pension Benefits
Karen Ferguson, who has died at age 80, built coalitions in Washington and took phone calls from people struggling to obtain promised payments
Karen Ferguson, Fighter for Pension Rights, Dies at 80
She started as one of Ralph Nader’s “Nader Raiders” and, after developing an expertise in retirement systems, became a leading advocate for workers’ rights.
Karen Ferguson, founder of pension watchdog group, dies at 80
Karen Ferguson, the founder of the Pension Rights Center, a nonprofit organization that seeks to protect the interests of workers and retired people and helps promote legislation on their behalf, died Dec. 23 at her home in Washington. She was 80.
Easing Retirement Plan Notarization Could Put Women at Risk
A proposal federal regulators are weighing to end in-person retirement plan election requirements meant to protect spousal benefit rights instead could expose women beneficiaries to fraud.
Employer Reps Ask IRS For Higher Plan Correction Floor
An advocacy group representing large employers that offer employee benefits recommended that the Internal Revenue Service increase a threshold requiring corrections of pension plan overpayments.
