Comments & Letters
05/03/12

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 […]

Press Release
05/03/12

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 […]

PRC In the News
05/03/12|ABC News

Median 401(k) Balance Down to $23,000

At the peak of his retirement savings, around 2006, John Taylor had about $66,000 in his employer-sponsored 401(k) — until the recession and a chain of unexpected events drained his fund completely.

PRC In the News
05/03/12|Financial Advisor

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.

PRC In the News
05/01/12|Bloomberg BNA Pension & Benefits Reporter

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.

PRC In the News
05/01/12|Bloomberg BNA Pension & Benefits Reporter

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.