Month: May 2012

Joint comments by eight organizations to the Treasury Department on annuitization and women (05/03/2012)
The American Association of University Women (AAUW), the Feminist Majority Foundation, MANA, A National Latina Organization, the National Association for Female Executives, the National Council of Women’s Organizations, the National Organization for Women, the National Women’s Law Center, OWL-The Voice of Midlife and Older Women, and the Pension Rights Center jointly submitted comments to the […]

Organizations Urge Protections for Women in Lifetime Retirement Income Options
Eight national women’s organizations and the Pension Rights Center submitted comments to the Department of the Treasury, generally supporting proposed IRS rules aimed at encouraging lifetime income options in retirement plans. Noting that “women are more economically vulnerable in retirement than men,” the groups also made several suggestions to strengthen the rules to better protect […]

Minorities’ Retirement Plans Hit Hard In Tough Economy
Continued economic uncertainty has led many workers to dip into their retirement savings, but minorities have been the hardest hit, according to a report by the Ariel Education Initiative (a nonprofit affiliate of Ariel Investments) and the human resources company Aon Hewitt.

Pension Rights Center, Other Groups Express Support for DOL Electronic Disclosures Policy
Seven groups, including the Pension Rights Center and the AFL-CIO, wrote a letter April 19 to the Department of Labor urging the continued use of the department’s current policy regarding electronic communications to plan participants.

Expected Final Rules ‘Meaningfully’ Altered From 2010 Proposed Hybrid Rules, Iwry Says
The Treasury Department will soon release final rules on cash balance and pension equity plans that will be significantly different from the proposed rules, a senior Treasury official said April 23 at a U.S. Chamber of Commerce briefing.