PRC In the News
11/22/13|Daily Kos

Lord, won’t you buy me a new pension plan

Lord, won’t you buy me a new pension plan My 401(k) savings fit in a tin can I need me some money so I can survive Or I’ll be living in my old Porsche when I’m 65 The foregoing is excerpted from a speech given by Karen Friedman, Executive Vice President and Policy Director of […]

PRC In the News

Coalition working to expand retirement security for uncovered

A coalition of large retirement industry players, including the AARP, American Federation of State, County & Municipal Employees, Service Employees International Union and Pension Rights Center, have banded together to find new ways to build retirement security for even the lowest-income workers.

Speeches & Statements

Speech by Karen Friedman to the Texas Municipal Retirement System (November 19, 2013)

On November 19, 2013, PRC’s Karen Friedman delivered the keynote speech at the Texas Municipal Retirement System’s annual meeting in Austin, TX. Below are her remarks.   Hello, I’m Karen Friedman, the Executive Vice President and Policy Director of the Pension Rights Center. Before I begin today, I wanted to tell you that, in anticipation […]

PRC In the News

When your pension sponsor talks ‘de-risking’ – watch out

A growing number of employers are making plans to “de-risk” their pension plans. That’s jargon for reducing the financial risk posed to corporate balance sheets by pension plans – but if you have a defined-benefit pension and you start hearing that term tossed around, pay careful attention. Less risk for employers can mean more risk […]

Comments & Letters

PRC response to an RFI on the California Secure Choice Retirement Savings Program (November 15, 2013)

The Center submitted comments [PDF] to the California State Treasurer in response to a Request for Information on the state’s new California Secure Choice Retirement Savings Program. Related: PRC Letter to the Editor in the Sacramento Bee, supporting the California Secure Choice plan (03/23/2013 — scroll down to the 7th letter) Article: A crucial step […]

PRC In the News

What to do if your pension is frozen

If you are among the few who still have a traditional defined-benefit pension plan we wish you luck. In the coming months your employer—as part of an effort to “de-risk” the plan—is likely going to offer you a lump-sum payout, an annuity, or freeze the plan.

PRC In the News

Retired union workers facing ‘unprecedented’ pension cuts

Hundreds of thousands of retired union workers are facing pension cuts that could slash their monthly payments in half — or even more.

PRC In the News
11/14/13|Heartland Labor Forum

Pilfering Your Pension [audio]

PRC Executive Vice President and Policy Director Karen Friedman appeared on the Heartland Labor Forum to discuss the retirement income crisis and the threat of unprecedented cuts to earned pension benefits. Segment begins at approximately 35:00 in the program.

PRC In the News
11/11/13|Pensions & Investments

Corporate pension execs wary of derisking fallout

Corporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.

Blogs & Newsletters

ERISA at 40 – The past puts pension law in perspective

The Employee Retirement Income Security Act (“ERISA”), the law governing private retirement plans, has changed quite a bit since it was signed into law in 1974. There have been numerous amendments, court cases, regulatory actions and other developments. ERISA has had such an impact on Americans’ everyday lives that it has become a field of […]

PRC In the News
11/01/13|Institutional Investor

Pension Camelot?

A member of one of America’s most prominent families is taking on a crucial public policy issue: retirement. Kathleen Kennedy Townsend, the eldest daughter of Robert and Ethel Kennedy, has joined the board of the Washington-based Pension Rights Center, a nonprofit that advocates for pension security.