Pension Rights Center Supports Domestic Partner’s Claim for Survivor Benefits
By David Brandolph The Pension Rights Center works on many fronts to help people get the pension benefits they’ve earned and to achieve a secure retirement. Recently, we’ve been burning the midnight oil trying help a women get the pension survivor annuity benefits we think she deserves in a case involving significant repercussions for people […]
PRC letter to the Senate HELP Committee on the RISE & SHINE Act
The Pension Rights Center sent a letter to the Senate HELP Committee in support of specific consumer protections in the discussion draft of the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE & SHINE Act), but expressed disappointment that the discussion draft bill does not include the critical […]
Pension Rights Center’s Founder Karen Ferguson Receives Award Posthumously Recognizing Her Importance to Employee Benefits Field
By David Brandolph The International Foundation of Employee Benefit Plans (IFEBP) recently bestowed its 2022 Public Service Award on the Pension Rights Center’s late founder and president, Karen Ferguson, who died in December. “Her life’s work was focused on challenging the systems in place to find a better path for a secure retirement,” Kevin E. […]
Karen Ferguson to Receive Honor from International Foundation of Employee Benefit Plans
For Immediate Release The Pension Rights Center is thrilled to announce that the International Foundation of Employee Benefit Plans will be giving its 2022 Public Service Award, posthumously, to Karen Ferguson, the Center’s beloved founder and former president, who died in December at age 80. The award will honor Karen for her lifetime of advocacy […]
PRC receives major cy pres award
By Karen Friedman The Pension Rights Center is a national nonprofit consumer organization that relies on your support to continue the important work we do. And we appreciate every contribution that we receive – large and small. Today we are especially grateful to have been chosen to receive a special kind of donation called a […]
PRC, National Women’s Law Center, and WISER comments to the Federal Retirement Thrift Investment Board on new TSP recordkeeping system
PRC, National Women’s Law Center, and WISER offered comments on the Notice of Proposed Rulemaking issued by the Federal Retirement Thrift Investment Board and the ways in which the Thrift Savings Plan’s new recordkeeping system will impact the rights of participants and beneficiaries. Read the full comments here.
Don’t Put Your Retirement Assets at Risk–Avoid Becoming a ‘Money Mule’
By David Brandolph Everyone needs to know about a type of financial scam that’s been exploding in frequency and could cause victims to lose their life savings, including their retirement nest egg. The scam uses “money mules” to hide or launder illegally obtained money. Money mules are people recruited by fraudsters to receive funds coming […]
PRC letter to the Committee on Ways and Means in support of specific provisions of the Securing a Strong Retirement Act of 2022
PRC sent a letter to Chairman Neal and Ranking Member Brady of the House Ways and Means Committee in support of specific provisions of the Securing a Strong Retirement Act of 2022, including those related to recoupment and the Retirement Savings Lost and Found.
Labor Department Sounds Alarm on 401(k) Cryptocurrency Investments
By Jane Smith The U.S. Labor Department’s Employee Benefits Security Administration (EBSA) has recently issued guidance warning about the risks involved in offering and using cryptocurrency as investment options in 401(k)-type retirement plans. In a Compliance Assistance Release issued March 10, the Department said it has “become aware of firms marketing investments in cryptocurrencies to […]
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?
Butch Lewis Act Working to Protect and Restore Pension Benefits
By David Brandolph Substantial progress is being made in meeting the Butch Lewis Emergency Pension Plan Relief Act’s (Butch Lewis Act) objective of rescuing severely underfunded multiemployer defined benefit pension plans and reinstating benefits to thousands of plan members, many of whom have experienced devastating benefit cuts. The Road Carriers Local 707 Pension Plan in […]
Social Media Storm Celebrates PRC and Karen Ferguson
By Katie Jonckheer February 17th was a momentous day at the Pension Rights Center. As we wrote in our most recent blog, this day was PRC’s 46th anniversary and the birthday of our founder Karen Ferguson, who sadly died on December 23rd, 2021. To honor Karen’s legacy and celebrate the PRC, we spearheaded a Twitter […]
