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Retirement Savers Could Be Put At Risk By Proposed Rollover Rule, DOL Warned

09/03/2020 | Forbes

Retirement savers could be put at risk by a proposed Department of Labor rule on workplace retirement plan rollovers and lump sum distributions, DOL was warned today.

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The Savings Game: Divorce and your spouse’s retirement plan

08/20/2020 | Tribune Content Agency

Virtually nothing about a divorce is uncomplicated. And that includes determining what share a divorcing person may claim of his or her spouse’s retirement accounts.

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Commentary: Retirement plan ‘disclosure’ rule may keep you in dark

08/14/2020 | Delaware State News

A new Labor Department regulation has just gone into effect. As a result of this new rule millions of workers, retirees and widows will no longer automatically receive critical information about their pension and 401(k) plans.

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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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