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The spectre of pension failures haunts this election

10/28/2020 | The Hill

It’s imperative that a new COVID-19 relief package — whenever it’s passed — shore up multiemployer pensions (retirement plans negotiated by a union with two or more employers), because if this piece of the retirement system is allowed to collapse, it would not only hurt current and future pensioners, it would deal an outsized blow to the employers who contribute to their plans, and to the econo More...

Few powering up with electronic disclosure

10/19/2020 | Pensions & Investments

When the Department of Labor finalized a rule in May that permitted default electronic delivery of retirement plan disclosures, record keepers and plan sponsors welcomed the move by saying it will increase participant engagement and cut mailing costs.

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How to Find a Lost Pension Plan

09/29/2020 | U.S. News

Some people lose track of their pension plan from an old job. A company might merge with or be bought by another company and change its name, move to a new location in a different city or go out of business.

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Latest News Releases (View all)

Treasury Department rejects application by musicians’ pension fund to cut benefits – saving retirees’ pensions. Now it’s up to Congress to act!

08/13/2020

Musicians across the country are cheering the U.S. Treasury Department’s decision Tuesday to reject the application filed by the Trustees of the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) to reduce their benefits.

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Pension Rights Center Calls on Retirement Plan Participants to “Ask for Paper!” in Response to New Anti-Consumer Labor Department Disclosure Rule

07/27/2020

In response to the U.S. Department of Labor’s new anti-consumer “notice-and-access” disclosure regulation that goes into effect today, the Pension Rights Center is urging workers and retirees to tell their pension and 401(k) plans that they want to continue receiving their key retirement information on paper – not just by getting a text or email saying that the information is on a website.

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Supreme Court strips workers of their right to sue for pension plan mismanagement

06/03/2020

In a 5-4 decision issued on Monday, the U.S. Supreme Court ruled that pension plan participants have no right to sue the people running their plans for fund mismanagement. 

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Speeches, Statements, and Letters (View all)

Comments to Department of Labor on proposed class exemption “Improving Advice for Workers and Retirees.” (August 6, 2020

08/07/2020

PRC submitted comments to the Department of Labor on proposed class exemption “Improving Advice for Workers and Retirees.” Read the full comments here. 

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PRC and National Women's Law Center comments on Federal Retirement Thrift Investment Board rule allowing withdrawal from TSPs without spousal consent (May 18, 2020)

05/18/2020

The Pension Rights Center and the National Women's Law Center submitted comments to the Federal Retirement Thrift Investment Board expressing concerns on an Interim Rule allowing federal retirees to withdraw their Thrift Savings Plan money without notarized spousal consent during the COVID-19 emergency.

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Letter to leaders in Congress in support of EPPRA and in opposition of composite legislation (May 12, 2020)

05/12/2020

PRC and other organizations sent a letter to Speaker Pelosi, Majority Leader McConnell, Leader McCarthy, and Leader Schumer, urging them to pass the Emergency Pension Plan Relief Act, but strongly opposing composite legislation, including the GROW Act. Read the full letter here. 

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