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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

John Deere workers successfully resist demand for pension freeze of new hires

Chalk up a victory for a traditional defined benefit pension plan and its members. About 10,000 striking John Deere Co. workers are returning to work under a new contract that, among other provisions, removes language from an initial tentative bargaining agreement that would have prevented new employees from joining the company’s pension plan.

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Easing Retirement Plan Notarization Could Put Women at Risk

A proposal federal regulators are weighing to end in-person retirement plan election requirements meant to protect spousal benefit rights instead could expose women beneficiaries to fraud.

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Employer Reps Ask IRS For Higher Plan Correction Floor

An advocacy group representing large employers that offer employee benefits recommended that the Internal Revenue Service increase a threshold requiring corrections of pension plan overpayments.

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Watch Out for 401(k) Fees

The Pension Rights Center has long warned consumers to be aware of the fees charged by 401(k) plans. 

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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. 

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Companies Decide the Time Is Right to Offload Pensions to Insurers

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.

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What Women Facing Divorce Must Know About Spousal Retirement Benefits

Divorce can be both emotionally traumatic and financially devastating – especially to older women who are as much as three times as likely as men to be below the poverty line in retirement.  

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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. More...

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.
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‘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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