Proposals to change the nation’s pension, retirement savings plan, and Individual Retirement Account laws are continually before the U.S. Congress.
Currently, a number of proposals affecting employees, retirees, and their families are under consideration by Congress. Others have been passed and signed into law. These bills and laws are often complicated, but when individuals take the time to understand them and make their views heard, it can make all the difference to their future retirement security.
When Congress passes legislation, it often requires government agencies to issue rules interpreting important aspects of the new laws. The agencies are required to publish their proposed regulations and to invite the public to comment on them. They also often hold hearings where anyone can ask to speak. When the agencies issue their final regulations, these are also published.
Blogs & Newsletters
04/03/24
A whopping 83% of working age Americans surveyed agree that having a pension makes it more likely to have a secure retirement, the National Institute on Retirement Security found in a recent study. Without a pension, most middle-class Americans won’t accumulate enough savings to be self-sufficient in retirement, NIRS said. The survey found that 77% […]
PRC In the News
03/25/24
Labor Department guidance requires employers seek out the “safest available annuity,” Norman Stein, senior policy counsel for the Pension Rights Center, said. That standard may not be satisfied if employers opt to work with an insurance company facing significant criticism instead of one that’s universally respected, he said.
Blogs & Newsletters
03/07/24
By David Brandolph The Pension Rights Center weighed in last week with the Senate Health, Education, Labor and Pension Committee, stating that both short-term incremental and long-term bold solutions must be considered and implemented if we are to help millions of Americans avoid the hardship of a financially calamitous retirement. Committee Chair Bernie Sanders (I-VT) […]
Press Release
02/28/24
The Pension Rights Center submitted a statement today from its Executive Director Karen Friedman telling the Senate, Health, Education, Labor and Pension Committee that “too many Americans are and will be facing an inadequately funded retirement with all the hardships that entails.” PRC, a nonpartisan, consumer organization that works to protect and promote the retirement […]
PRC In the News
02/28/24
The Save our Retirement Coalition — made up of nine organizations, including AARP, AFL-CIO, Better Markets and Pension Rights Center — specifically asked that Congress reject any appropriations riders aimed at prohibiting the use of funds for finalizing, implementing or enforcing the Labor Department’s proposed rule in a letter dated Feb. 15, sent to Senate […]
Blogs & Newsletters
02/27/24
By Jane Smith There is a new resource for the many people who are entitled to retirement plan benefits but can’t locate their former employer to claim those benefits. Those searching for benefits can start by checking out the “Find Unclaimed Retirement Benefits” search tool on the Pension Benefit Guaranty Corporation’s (PBGC) website. This tool […]
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