PRC In the News
01/31/15|Albany Times Union

Retirements reduced by the stroke of a pen in D.C.

About 100,000 New Yorkers who depend on a variety of private-sector union pensions could be facing lowered payments in coming years.

PRC In the News
01/31/15|Star Tribune

For some 3Mers, crowdsourcing key to pension decision

When 3M offered to buy out defined pension plans, comparing notes online emerged as a useful tool.

PRC In the News
01/28/15|WZZM (Lansing, Michigan)

13 On Your Side Consumer Alert: Pension Advances

Michigan Attorney General Bill Schuette is warning consumers about a relatively new practice called pension advances.

PRC In the News
01/26/15|Pensions & Investments

Fiduciary breach issue gets Supreme Court hearing

The U.S. Supreme Court is scheduled to hear arguments next month in an ERISA case that could greatly expand guidelines for defined contribution plan executives’ fiduciary responsibilities.

Blogs & Newsletters

High marks for retirement plans

This week, President Obama unveiled his economic fixes for the middle-class. Among them was a proposal for Automatic IRAs, which he has championed since the Administration’s early days. While the Automatic IRA is a first step in expanding coverage for those without an employer-based plan, a recent Bloomberg View article, “Experts Found the U.S. Retirement […]

PRC In the News

Obama Signals Support for DOL Fiduciary Redraft

DOL fiduciary redraft said to be heading to OMB any day as opponents and supporters prepare for battle

PRC In the News
01/20/15|Bloomberg BNA's Pension & Benefits Reporter

Multiemployer, 4062(e) Changes Enacted, And Now It’s Time to See How It Shakes Out

Congressional negotiations over a budget bill late last year introduced a landmark change to ERISA on the law’s 40th anniversary: To preserve their multiemployer defined benefit plans, trustees and participants can now voluntarily decide whether to reduce benefits instead of waiting for plan insolvency.

PRC In the News
01/20/15|Bloomberg BNA's Pension & Benefits Reporter

Fiduciary Re-Proposal, Fee Disclosures On Deck for 2015; MEPs Wait in the Wings

Top employee benefit issues for the Department of Labor in 2015 are similar to those in 2014: a re-proposal that would expand the definition of “fiduciary” under the Employee Retirement Income Security Act and guidance on plan fee disclosures.

PRC In the News
01/20/15|Bloomberg BNA's Pension & Benefits Reporter

Court Watchers Looking at Plan Fees, Retiree Benefits, Church Plans in 2015

Just as 2014 brought big rulings on stock-drop litigation and equitable remedies like reformation and surcharge, 2015 is shaping up to be another big year for ERISA litigation, with pending cases involving retiree health benefits, plan fee cases and ERISA’s church plan exemption.

PRC In the News
01/18/15|Investment News

Monitoring investments doesn’t end

Supreme Court is reviewing a decision on the responsibility of plans to continually watch costs

PRC In the News
01/16/15|USA Today

How to invest in new state-sponsored retirement plans

Illinois gets whacked plenty for its troubled public pension plan systems. But now it’s getting high praise for being the first state in the USA to offer a novel type of retirement plan, which goes into effect in 2017.

PRC In the News
01/16/15|People's World

Time to close Wall Street’s “Retirement Advice” loophole

There is a loophole in the rules that govern Wall Street brokers and financial firms that provide retirement investment advice that can drain away thousands, or even tens of thousands, of dollars of hard-earned savings from a single retirement account. Today, a coalition of senior, union and consumer groups launched a new mobilize support […]