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Congress Passes Legislation to Protect Retirees’ Pensions

Read our fact sheet about the bill.  Read here

Dividing retirement benefits at divorce

A helpful new guide for individuals who have questions about dividing retirement benefits at divorce. Read our blog to learn more.

New rule may affect how you get information from your retirement plan

Read our fact sheets on the new rule
Pension Counseling & Information Program

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The Pension Counseling and Information Program can help with any retirement plan questions.  Get free legal help with pension problems.

Latest News

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

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.

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

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.

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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. 

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Congress considers provisions that would limit when retirement plans can recover overpayments

In my last blog post, I talked about how often we hear from people who cannot locate their retirement plans, and how Congress is taking steps to address this issue. More...

Congressional proposal would limit when retirees must return pension overpayments

For some retirees, getting a large pension payment can become a big problem. Let’s say a pension plan mistakenly has been paying a participant too much and requires the person to pay back the money, typically through reduced future payments.

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Congress gets closer to addressing the issue of lost retirement plans

Here at PRC, we often hear from people who worked for a company that has since moved, been bought, or gone out of business, and they cannot find their retirement plan. The good news is that Congress seems to be getting closer to addressing this issue. In May of 2021, Senators Elizabeth Warren (D-MA) and Steve Daines (R-MT) re-introduced the Retirement Savings Lost and Found Act (S.1730).

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IRS Again Extends Remote Witnessing for Retirement Plan Changes

The IRS has extended through June 30, 2022, remote notarization relief that gives retirement plans greater flexibility for participant elections that require a witness, such as 401(k) loan applications and spousal consent to changes in the distribution of survivor's pension benefits.

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The Savings Game: Congress needs to help pensioners find their money

For years, members of Congress have been trying to pass legislation that will allow the federal government to establish a centralized database to help retirees locate their pension and 401(k) plans.

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Statement of Norman Stein Before the ERISA Advisory Council Working Group on “Gaps in Retirement Savings Based on Race, Ethnicity and Gender” (June 24, 2021)

Norman Stein testified before the ERISA Advisory Council’s Working Group on “Gaps in Retirement Savings Based on Race, Ethnicity and Gender.” Read his full testimony, here. 

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Comments to the IRS on the 2021-2022 Priority Guidance Plan (May 28, 2021)

PRC submitted comments to the IRS on the agency's guidance agenda for the coming year. Read our comments here. 

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