Month: January 2011
“PROTECT WORKERS AND RETIREES,” SAYS PENSION RIGHTS CENTER TO HOUSE AND SENATE CONFEREES
Letter Outlines Consumer Group’s Positions on Key Issues in Pension Legislation WASHINGTON – In a letter delivered today to every member of the Congressional conference committee working on the pension reform legislation, the Pension Rights Center called on the lawmakers to take into account the concerns of millions of employees and retirees, and asked them […]
ATLANTIC PHILANTHROPIES AWARD CHAMPIONS RETIREMENT SECURITY FOR OLDER ADULTS
Million-Dollar Grant Awarded to the Pension Rights Center WASHINGTON – Consistent with its goal of improving the lives of older Americans, The Atlantic Philanthropies have awarded the Pension Rights Center a $1,000,000 grant over 15 months. The grant will enable the Center to develop a comprehensive strategic plan, expand organizational capacity, and expedite the development […]
Two simple ideas for improving DC plans
There are two proposed pieces of legislation sitting in Congress that would seem to be no-brainers for helping people save for retirement and helping advisers help their clients.
WWW.VERIZONRETIREMENTWATCH.COM ESTABLISHED TO HELP VERIZON EMPLOYEES FIGHT PENSION FREEZE
WASHINGTON – In the wake of Verizon’s announcement that it will freeze its pension plan for salaried workers, the Pension Rights Center and the Communication Workers of America have joined together to launch a new web site, www.VerizonRetirementWatch.com. The site is a clearinghouse of information on Verizon’s actions, a forum for employees to communicate with […]
Labor Department Gets Tough
The Department of Labor showcased a new enforcement project against employers that delay or fail to forward employee contributions to retirement and contributory healthcare plans by filing two dozen lawsuits across the nation earlier this week.
The 401(k) pays off for a lucky few
For some workers, 401(k)s pay off; for others, not so much.
Saving for retirement is becoming an afterthought
Joanna Harris is the rare mother of two, juggling work and family, who is even thinking of retirement planning amid this horrible economy.
Cash out 401(k) or file bankruptcy?
I lost my job and have used all of my severance money. I have $55,000 in credit card debt. Should I use money from my 401(k) or file bankruptcy?
Are Your Employee Benefits Guaranteed?
What happens to your employee benefits such as health care and pensions if your company files for bankruptcy protection?
Rule change takes aim at ‘schlocky advice’
DOL pushes to expand ‘fiduciary’ definition to offer more protection to investors.
Older Workers Losing Faith in 401(k)s
Current workers over age 50 no longer think their 401(k) will propel them to a secure retirement.
Workers relying on ‘guesswork’ in managing retirement plans
Many go by ‘gut feeling,’ survey finds; most admit they’re not saving enough for old age.
