Jump to Navigation
Jump to Content

In the News

Some news web sites require free registration to read the entire article, and some links may expire within several days after the article's publication date.

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

The Savings Game: New retirement plan disclosure regulation not in consumer interest

08/06/2020 | MSN

On July 27, a new anti-consumer Labor Department regulation went into effect. The new rule gives retirement plans the right to quit mailing workers and retirees important disclosures on paper and simply send a notice by text or email telling them that key pension information is available on a website. Then it is up to workers and retirees to hunt that information down.

More...

Advocacy Group Calls New Labor Department Rule ‘Anti-Consumer’

08/03/2020 | Chief Investment Officer

The Pension Rights Center (PRC), a pension advocacy group, has called a new Department of Labor (DOL) disclosure rule “anti-consumer,” saying it will adversely affect people’s ability to plan for retirement and prove their entitlement to benefits. 

More...

Bricklayers’ pension plan between rock and hard place; retirees face steep cuts this fall

07/18/2020 | Akron Beacon Journal

Dana Donohew began working with brick many decades ago at the age of 12, earning $40 a week, rain or shine, next to an uncle.

More...

US Bill Would Create Lost and Found for Retirement Savings

07/15/2020 | Chief Investment Officer

US lawmakers have re-introduced a bipartisan bill intended to create a national online “lost and found” for Americans to track down lost retirement accounts as they move between jobs.

More...

Pension plan fiduciaries get relief from Supreme Court

06/15/2020 | Pensions & Investments

Defined benefit plan sponsors worried about fiduciary breach lawsuits welcomed a June 1 Supreme Court decision that significantly raises the threshold for when participants have standing to sue, while participant advocates fretted over what they see as a loss of long-standing protections.

More...

As insurance companies take over pension plans, are your payments at risk?

06/14/2020 | NBC News

How safe is your pension? As COVID-19 shutdowns hobble the U.S. economy, the question has taken on more urgency.

More...

Pandemic Puts More Stress On Struggling Pension System

06/08/2020 | Law360

The coronavirus outbreak has presented daunting challenges for an already-struggling multiemployer pension plan system. 

More...

Are public pensions doomed because of the coronavirus pandemic? State, local budgets feel pain

06/04/2020 | USA Today

Corey Shelton, an eighth grade science teacher in Jackson, Michigan, has earned a pension after more than 20 years on the job, but now he’s concerned that the economic devastation from the coronavirus pandemic will threaten the monthly checks he’s been counting on to fund his retirement.

More...

Where to Check Up on the Health of Your Pension Plan

06/04/2020 | Wall Street Journal

I will be eligible for a pension when I retire, but the markets and the Covid-19 outbreak have me worried about the health of my retirement plan. How can I figure out where my pension stands?

A lot of help is available. But rules governing how employees are kept informed about their plans are changing, which calls for more vigilance on your part.

More...

House relief act comes with multiemployer changes – and controversy

05/15/2020 | Pensions & Investments

The House narrowly approved another coronavirus relief legislative package late Friday that includes major changes for multiemployer pension plans, but with far less bipartisan support than previous measures.

More...
print