Your Company Just Tossed a Pension Hot Potato in Your Lap. What Do You Do?
If you’re lucky enough to have a claim on the $3 trillion-plus sitting in old-fashioned corporate pension plans, your retirement planning may soon get more complicated.
Keep an Eye on Finances During a Divorce
Divorce at any age will send tremors through your finances. But when it comes later in life, it’s sure to upend even the best-laid financial plans.
ERISA Anti-Cutback Rule at Heart of Debate On NCCMP Proposal for Multiemployer Plans
There is one thing representatives for multiemployer pension plans can agree on: The system needs to be strengthened if it is going to survive. But there is some disagreement about how to get there, and one aspect of the National Coordinating Committee for Multiemployer Plans’ proposal—revising the anti-cutback rule under the Employee Retirement Income Security […]
How to read your pension plan’s annual funding notices
If you’re a participant in a pension plan, you’ve probably received or will soon receive what’s called the plan’s “annual funding notice.”
Connecticut Takes a Big Step Towards Retirement Security for Its Residents
WASHINGTON – The Pension Rights Center applauds the Connecticut General Assembly for passing legislation that lays the groundwork for a new state-administered retirement savings plan for private-sector workers who do not have an employer-provided pension or retirement savings plan. “I am proud of my home state for taking a bold step toward expanding retirement coverage […]
May is Older Americans Month
May is Older Americans Month, a time to celebrate the contributions older Americans have made to society – and to focus attention on the many services available to older Americans as a part of the Older Americans Act. The services that we at the Pension Rights Center are most proud of are those provided by […]
Early Tap of 401(k) Replaces Homes as American Piggy Bank
Premature withdrawals from retirement accounts have become America’s new piggy bank, cracked open in record amounts during lean times by people like Cindy Cromie, who needed the money to rent a U-Haul and start a new life.