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Know The Rules Before You Roll Over Your Pension

12/06/2019 | Forbes

The days of traditional pensions are coming to an end as companies continue turning to 401(k)s for employee retirement plans. Some members of today’s workforce, mostly Generation X and older, were lucky to be enrolled in blue-chip pension plans before they were no longer offered. However, new pension access has plummeted to 4% of the workforce.

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Cutter Family Finances - What To Do If Your Employer Freezes Your Pension

12/06/2019 | The Falmouth Enterprise

General Electric (GE) announced earlier this month it was freezing pensions for 20,000 employees in an attempt to reduce its $8 billion pension deficit, and it’s also freezing supplementary pension benefits for about 700 workers.

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Justices Probe Meaning of 'Actual Knowledge' in Federal Pension Plan Fight

12/04/2019 | Law.Com

The U.S. Supreme Court on Wednesday wrestled with whether receiving pension investment disclosures constitutes “actual knowledge” of a fiduciary breach even when many people don’t read the detailed disclosures required by federal law.

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Latest News Releases (View all)

Consumer advocacy group asks Labor Department to withdraw proposal that would curtail employees’ receipt of important retirement plan information

11/20/2019

November 20— The Pension Rights Center, a nonprofit consumer advocacy organization, charges that a new proposed Labor Department regulation would undermine the rights of workers and retirees to receive critical retirement information.

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House Passes Bipartisan Bill to Avert National Retirement Crisis

07/25/2019

While former Special Counsel Robert Mueller testified before Congress, the big news on Capitol Hill yesterday arguably was the boost the House of Representatives gave to hundreds of thousands of working-class American workers and retirees who have lost or will lose a major portion of their promised retirement income.

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Three Cheers for Congressional Committee’s Vote That Paves Way for Bill Stabilizing Financially Struggling Pension Plans

07/10/2019

The House Ways and Means Committee took a significant step today toward resolving a pending national retirement crisis affecting millions of workers and retirees. It did this by voting in favor of a bill that would provide a lifeline to financially teetering pension plans in the form of government backed loans.

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Speeches, Statements, and Letters (View all)

Comments to the Department of Labor on proposed rule for default electronic disclosure (November 22, 2019)

11/22/2019

The Pension Rights Center submitted comments to the Department of Labor on proposed rule RIN 1210-AB90: Default Electronic Disclosure by Employee Pension Benefit Plans under ERISA. Read the full comments here. 

 

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Statement of the Pension Rights Center on permissive transfers of uncashed checks from ERISA plans to state unclaimed property funds before the ERISA Advisory Council (August 28, 2019)

08/28/2019

PRC Policy Analyst Jane Smith testified before the ERISA Advisory Council on permissive transfers of uncashed checks from ERISA plans to state unclaimed property funds.

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PRC Letter to members of the House of Representatives in support of the Rehabilitation for Multiemployer Pensions Act (July 19, 2019)

07/19/2019

PRC sent a letter to members of the House of Representatives urging them to vote in support of H.R. 397, the Rehabilitation for Multiemployer Pensions Act, also known as the Butch Lewis Act. Read the full letter here.

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