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In the News (View all)

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The Pension Rights Center is mentioned in articles where you see the PRC icon.

Companies Decide the Time Is Right to Offload Pensions to Insurers

10/07/2021 | Bloomberg

Many Americans who still have a traditional pension—the kind that pays a regular income no matter what the market does—could soon have a different company paying their benefits.


‘I’ll be robbed twice in one lifetime’: Retirees fearing financial disaster wait for pension rescue

08/30/2021 | MarketWatch

For Carol Podesta-Smallen, the pain of a broken promise grows worse with time.

The Garfield, N.J., retiree framed her first pension check, along with a picture of herself and her husband. “That was our retirement,” she says, referring to the monthly benefit she earned after 26 years as a clerical worker.


Lawmakers want to help retirement savers find their lost 401(k) and pension plans

08/20/2021 | CNBC

Help may be on the way for workers who lose track of their 401(k) accounts as they move from job to job throughout their careers.


Latest News Releases (View all)

The Pension Rights Center urges the IRS to protect retirement spousal rights


The Pension Rights Center (PRC) sent a comment letter to the IRS in opposition to efforts to weaken spousal rights to retirement benefits. The Pension Rights Center has been a leading consumer voice working to protect the retirement security of workers, retirees and their families since 1976.


New Law Causes Musicians’ Pension Trustees to Rethink Benefit Cuts


Tens of thousands of musicians— pianists, trumpeters, celloists, saxophonists and others— who were fighting cuts to their pensions are reaping immediate gains from the newly enacted Butch Lewis Emergency Pension Plan Relief Act, which was passed as part of the $1.9 trillion Covid-19 aid package, known as the American Resc


Time to Celebrate! Congress Passes Legislation to Protect Retirees’ Pensions


The Pension Rights Center and workers and retirees across the nation are celebrating the passage of the Butch Lewis Emergency Pension Plan Relief Act, as part of the $1.9 trillion Covid-19 aid package.


Speeches, Statements, and Letters (View all)

PRC and Covington & Burling LLP comments to IRS on Rev. Proc. 2021-30 (October 14, 2021)


PRC submitted comments with Covington & Burling LLP to the IRS on Rev. Proc. 2021-30, which updated selected correction procedures for benefit overpayments under the Employee Plans Compliance Resolution System (“EPCRS”). Read the full comments here. 


PRC Comments to the IRS on Notice 2021-40, Physical Presence Requirement for Spousal Consent



PRC submitted comments to the IRS on Notice 2021-40, Physical Presence Requirement for Spousal Consent. Read the full comments here.

PRC comments to the PBGC on interim multiemployer financial assistance guidance (August 10, 2021)


PRC submitted comments to the Pension Benefit Guaranty Coorporation on the Interim Multiemployer Financial Assistance Regulation. Read the full comments here.