PRC In the News
12/30/12|Pittsburgh Post-Gazette

PBGC holding $300 million in unclaimed pension benefits

At a time when many Americans are worried about saving enough for retirement, nearly $300 million in pension benefits has gone unclaimed by U.S. workers and retirees.

Comments & Letters

Joint letter to Congress in support of H.R. 5981, which closes a gap in the law for survivor benefits in multiemployer plans (12/27/2012)

The Pension Rights Center, the National Women’s Law Center, and the National Coordinating Committee on Multiemployer Plans sent a letter [PDF] to every member of Congress, asking them to pass H.R. 5981 before the end of the current Congress. The bill closes a loophole that unfairly denies pension benefits to widows and widowers when multiemployer […]

PRC In the News
12/18/12|Bloomberg BNA Pension & Benefits Reporter

Benefit Groups Tailor Policy Agendas To Congressional Lame-Duck Session

Retirement benefits are front and center on the policy agendas of employee benefit groups as Congress and President Obama negotiate a deal to solve the nation’s fiscal crisis during the final weeks of 2012. [PDF]

PRC In the News

Will 401(k) plans keep getting worse?

IBM, one of America’s largest companies, shook the employee compensation world when it announced recently that it would contribute only once every December to its employees’ 401(k) accounts. Any employee who leaves before December would not be able to collect the company’s match.

PRC In the News
12/07/12|Wall Street Journal

Benefits Leader Reins In 401(k)s

International Business Machines Corp., a bellwether for employee benefits, is overhauling its retirement program to contribute once a year to employee 401(k) accounts in a lump-sum payment.

PRC In the News

IBM remakes its match

If your company matches your retirement savings, that payment probably shows up on your pay stub every other week or so. This week IBM notified employees it’s changing its 401(k) match. The company will make one lump-sum payment per year. What’s the difference? Potentially, a lot of money.

PRC In the News

401(k) tax breaks in lawmakers’ gunsights

Tax reform could change some retirement savers’ plans

PRC In the News

Retirement savings tax breaks face scrutiny

For many Americans, it’s the first order of business when they visit the HR department at a new job: enrolling in the 401(k) plan.

PRC In the News

Who gains most from 401(k) tax breaks?

In the discussion over retirement security, retirement plans like 401(k)s are often talked about as if they benefit all Americans equally. But with these tax-deferred accounts coming under scrutiny amid the fiscal-cliff budget debate, it’s worth remembering: They’re a perk that’s far more valuable to the upper-middle-income, corporate golf-outing set than to store clerks or […]