ERISA

Will your pension be there when you need it?

Type: News Item

Karen Friedman is the executive vice president and policy director at the Pension Rights Center, and Joellen Leavelle is the group’s communications and outreach director. Last week, I invited them to answer readers’ questions about their pensions. Here are some questions they didn’t have time to get to from last week’s Color of Money live chat.

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Proposed regulations on state-based retirement plans for private-sector workers (January 2016)

Type: Regulations

The Pension Rights Center submitted comments on the U.S. Department of Labor’s proposed regulations that would allow the creation of certain state-legislated retirement savings plans that would be exempt from the Employee Retirement Income Security Act of 1974 (ERISA).

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A big step forward for state-based initiatives

Type: Blog entry

For the past 15 years, one of the Center’s top priorities has been to find innovative ways of finishing the formidable task of expanding pensions and retirement savings for the about 50 percent of the workforce – 70 million Americans – who are not currently participating in an employer-sponsored retirement savings or pension plan.

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Experts watching high court session

Type: News Item

Pension plan executives and other investors are watching several Supreme Court cases in the term starting Oct. 5, especially ones that could change the rules for bringing legal actions against corporations, and challenges to when and where retirement plan participants can sue.

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An amazing "Day of Action"

Type: Blog entry

To help retirees around the country fight back against proposed reductions in their hard-earned pensions, the Pension Rights Center organized a “day of action” on September 10. The day was an amazing success with more than 200 retirees travelling to DC from 11 states to ask government officials and members of Congress to “stop the clock” on pension cuts.

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Countdown to Cuts: Retirees Call on Policymakers to Stop the Clock on Cuts to Their Pensions

Type: News Release

WASHINGTON – Hundreds of retired truck drivers and their spouses came to Washington, D.C., today to tell policymakers how proposed cuts to their pensions More...

Retirement Plans At Every Employer! Is Your State Next?

Type: News Item

Paid sick leave, raising the minimum wage, commuter benefits. What’s next on the list of items employers are going to have to offer their employees? Retirement benefits.

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ERISA’s Demise: The Domino Effect and Huelga: Story from a Casino Utility Closet

Type: News Item

PRC Executive Vice President and Policy Director Karen Friedman appeared on this radio program to discuss Sen. Bernie Sanders' bill to repeal benefit cutbacks for retirees in certain underfunded multiemployer pension plans. Karen's segment begins at 19:40 in the podcast and lasts for approximately 30 minutes. [AUDIO]

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Summary of the pension cutback provisions in the Multiemployer Pension Reform Act of 2014

Type: Legislation

In December 2014, Congress passed and President Obama signed into law the 2015 Omnibus spending bill, which included provisions of the Mult

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As Pension Recoupment Grows, Advocates For Pensioners Offer Advice to Agencies

Type: News Item

Pension plans have been ratcheting up demands that retirees reimburse them for benefit overpayments, and a lack of government guidance has pushed those efforts even further, advocates for pensioners told Bloomberg BNA.

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Looking for help with your retirement plan?

If you have a problem with your retirement plan, free help may be available from the U.S. Administration on Aging's network of Pension Counseling and Information Projects. Find help now.

Share your story

What's your story?

We're hearing from people around the country who are worried about cuts to their pensions. These are their stories.

PensionHelp America connects people who need help with their pension, 401(k), and other retirement plans with the pension counseling projects, legal services providers, and government agencies that can help answer their questions. Visit www.pensionhelp.org.

From Our Blog

PRC is here for you

All of us are dealing with how to stay safe as the deadly Coronavirus, COVID-19, quickly spreads across America, and much of the globe. But while we all are hunkering down, trying to adjust to this new strange and scary reality, we want you to know that the Pension Rights Center is still here for you.

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Roadmap to retirement

Let our roadmap to helpful information about retirement plans for private-sector workers put you on the path toward a secure retirement. Get started.

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In the News

Construction Company Workers Get Support in Stock Plan Appeal

The Pension Rights Center waded into a dispute involving Choate Construction Co.'s employee stock ownership plan, urging the Fourth Circuit to revive the employees’ lawsuit and recognize the “special risks” these plans pose for workers.

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Did You Know?

A 401(k) plan is a retirement savings plan in which the benefit is based on contributions to an individual account and the investment return on those contributions. Typically, employees make contributions to the plan and, in many cases, employers match the employees' contributions. These plans are called defined contribution plans. In most 401(k) and other retirement savings plans, the employee is responsible for choosing among the investments offered by the plan. Other types of retirement savings plans are 403(b) and 457 plans.