News Room

Are you looking for the most recent retirement news?

Here you will find articles, blog posts, press releases, newsletters and more. You can read the most recent information below, and you can also search for materials on specific retirement topics by using the filters in the yellow boxes on the left.

Blogs & Newsletters
03/16/23

Racial and Income Inequities Threaten Older Workers’ Retirement Security, Study Shows

By Jane Smith A joint study from The New School’s Schwartz Center for Economic Policy Analysis (SCEPA) and the Economic Policy Institute (EPI) provides insight into the systemic inequities and retirement challenges faced by lower income workers, particularly Black and Hispanic people and women. As a result, many people  must overcome substantial hurdles to achieve […]

Press Release
02/27/23

PRC Receives $560,000 Cy Press Award

The Pension Rights Center, a nonprofit consumer organization dedicated to protecting and promoting retirement security, is grateful to have been designated as a recipient of a $560,000 cy pres award by the law firm Bailey & Glasser.  A cy pres award allows for the distribution of leftover funds from the settlement of a lawsuit to […]

Blogs & Newsletters
02/15/23

Happy Valentine’s Day from the PRC

Happy Valentine’s Day! As we celebrate this day of love and appreciation, we want to take a moment to recognize the love you have shown for the Pension Rights Center and the love we have for all of you. Thanks to you, we can continue our mission to protect and promote the retirement security of […]

Comments & Letters
01/23/23

PRC Comments on Proposed Amendment to Prohibited Transaction Exemption PTE 2002-51

The PRC submitted comments to EBSA on a proposed amendment to the Voluntary Fiduciary Correction Program for timely deposits of participant contributions into 401(k) plans that would establish a self-correction component for certain plans. To encourage employers to deposit contributions on time, we recommend keeping a three-year limitation period on frequency of using the program.

Blogs & Newsletters
01/18/23

PRC applauds passage of priority consumer protections in new retirement law

By Karen Friedman The Pension Rights Center (PRC) applauds the recent inclusion of several key consumer provisions in the Setting Every Community up for Retirement Enhancement Act (better known as SECURE 2.0), a retirement legislative package that was passed as part of the Omnibus spending legislation, which President Biden signed into law on December 29th.  […]

Comments & Letters
12/23/22

PRC Letter to IRS on Notice 2022-27, Physical Presence Requirement for Spousal Consents

The PRC sent a letter to the IRS urging the Service to protect spousal retirement rights by restoring its requirement that a spouse’s surrender of rights to retirement benefits must occur in the physical presence of a notary or plan administrator to ensure that the consent is executed without fraud, coercion, or duress.

Press Release
12/08/22

Butch Lewis Act saves Central States Pension Fund

FOR IMMEDIATE RELEASE  The Pension Rights Center and thousands of retired truck drivers, warehouse workers and spouses across the country are celebrating the approval of an infusion of funds that will keep the Central States Pension Fund going strong for decades to come.    The White House announced today that the Pension Benefit Guaranty Corporation (PBGC) […]

Events
11/22/22

Photos from the Pension Rights Center’s Celebration of Karen Ferguson

See photos from our October 26th event at Planet Word here.

Events
10/25/22

Watch the Celebration of Karen Ferguson on October 26

Thanks to everyone who attended the Celebration of Karen Ferguson on October 26, 2022, especially all of the wonderful supporters of the event.  If you were unable to join us in person, you can watch the recording of the program on our YouTube page.

Comments & Letters
08/11/22

PRC Recommendations to IRS on Agenda Items for the 2022-2023 IRS Priority Guidance Plan

The  Pension Rights Center submitted comments to  the  IRS requesting the  agency  to include in  its Priority Guidance Plan several items to  better  protect consumers,  including: (a)  directing  plans to provide  former employees  who leave before retirement  with  a single  complete  statement  of  their earned benefits ; (b) asking the agency to rethink its position on allowing plans […]

Comments & Letters
08/04/22

PRC letter to the IRS on OMB 1545–2187, Proposed Collection of Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits

The Pension Rights Center sent a letter to the IRS urging the Service to strengthen protections for “deferred vested” participants – those who have earned retirement benefits but have left their jobs before collecting benefits. The Center specifically asked the Service to change its guidance to require plan administrators to provide a single unified individual benefit statement […]

PRC In the News
07/26/22

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.

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