PRC In the News
03/31/11|Bloomberg Businessweek

Savings Plans March 31, 2011, 5:00PM EST Big Banks Go After 401(k) Trillions

JPMorgan Chase, BofA, and Wells Fargo are gearing up to compete with Fidelity and Vanguard to administer retirement plans

PRC In the News
03/31/11|Reuters

The role for DC plans in the public sector

In the wake of the financial crisis, policymakers have been chattering about moving to defined contribution (DC) plans in the public sector. Defined contribution plans may well have a role in the public sector, but not as an alternative to defined benefit (DB) plans.

PRC In the News
03/31/11|Bloomberg Businessweek

Big Banks Go After 401(k) Trillions

JPMorgan Chase, BofA, and Wells Fargo are gearing up to compete with Fidelity and Vanguard to administer retirement plans

Events
03/30/11

Pension Rights Center Gala Event: A Celebration of Superheroes

Event description:  On March 30, 2011, the Pension Rights Center held a gala event to celebrate its 35th anniversary. The Center recognized the work of many indivudials by awarding the Robert M. Ball – Lisle C. Carter Superhero Awards and the Helen Quirini Activist Awards, and launched the Michael S. Gordon Fellows Program. More information.

PRC In the News
03/22/11|Forbes

Be Certain to Get the Pension You Earned

Are you having difficulty getting the pension or 401(k) plan funds you worked years to earn? Six pension counseling projects, funded through the U. S. Administration on Aging and serving plan participants and their beneficiaries in 29 states, can help.

PRC In the News
03/21/11|Boston Globe

Nuns take O’Malley to court over pensions

In a highly unusual case pending before the Supreme Judicial Court, an order of nuns is suing Cardinal Sean P. O’Malley, the Roman Catholic archbishop of Boston, after years of trying in vain to withdraw from a church-run pension fund.

PRC In the News
03/16/11|the Brian Lehrer Show (WNYC)

All About Pensions: Private Sector

Robert Hiltonsmith, policy analyst at Demos, and author of their report The Failure of the 401(k), looks at the current state of private sector retirement plans and what alternatives there are to the 401(k) deferred savings plan.

PRC In the News
03/15/11|Workforce Management

Labor Department Weighs New Definition of ‘Fiduciary’

For the first time in 35 years, Labor Department officials are exploring whether they should change the definition of ‘fiduciary’. The agency wants to make the change so it can better protect the rights of participants, but the benefits community doesn’t see it that way.

PRC In the News
03/14/11|the Brian Lehrer Show (WNYC)

All About Pensions: Status Report

Alicia Munnell, director of the Center for Retirement Research at Boston College, professor at Carroll School of Management, and former assistant secretary of the Treasury for Economic Policy is joined by John Turner, director of of the Pension Policy Center, to kick off the pensions series with a discussion of the state of public and private pensions.

PRC In the News
03/13/11|El Paso Times

401(k) matches missing for many

Many companies, including ones with El Paso operations, stopped or reduced company dollar matches to employees’ 401(k) savings plans during the recession as company revenues declined.

PRC In the News
03/10/11|OpenSalon

Face It. 401(k)s are a Failure

The first wave of attacks on public sector unions has highlighted the issue of pensions in the U.S. 

PRC In the News
03/09/11|BNA Pension & Benefits Reporter

At DOL Hearing, Officials Seek Answers About Value of Investment Advice Disclaimers

Department of Labor officials asked panelists during hearings March 1 and 2 whether requiring certain conflicts of interest involving investment advisers to be fully disclosed would be as effective at protecting retirement plans, participants, and beneficiaries as prohibiting those conflicts of interest.  Reproduced with permission from BNA Pension & Benefits Reporter, 38 BPR 459 (Mar. […]