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

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.

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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.

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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. 

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Latest News Releases (View all)

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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New government "hide and seek" rule tells workers to hunt for retirement information on websites

05/29/2020

In the midst of an economic collapse and at a time of heightened financial insecurity, the U.S. Department of Labor has issued a regulation that tells workers and retirees that to find information about their retirement rights they will have to hunt for it on a website.

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America needs pension relief in HEROES Act — NOT the GROW Act

05/15/2020

With the House of Representatives poised to vote on the next COVID-19 relief package, known as the HEROES Act, the Pension Rights Center applauds the congressional leaders who have included within the massive bill the important provisions of the Emergency Pension Plan Relief Act (EPPRA) which will strengthen the nation’s multiemployer pension system.

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Speeches, Statements, and Letters (View all)

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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PRC and National Women's Law Center Letter to Department of Treasury-IRS on Spousal Consent During the COVID-19 Emergency (May 1, 2020)

05/01/2020

PRC and National Women's Law Center sent a second letter to the Department of Treasury and the IRS addressing some of the responses to the first letter on making benefits accessible during the COVID-19 emergency while still protecting the future retirement security of surviving spouses. 

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