PRC In the News

Opinion: Want a pension in retirement? Here’s how to create one

Remember the good old days, when workers retired with a gold watch and a pension? They’re long gone, of course. Only 15% of private sector workers now participate in a traditional defined-benefit pension plan (three out of every four government workers do), according to the Pension Rights Center. And yet nearly two out of every […]

PRC In the News

America’s retirement accounts are growing, but not fast enough

America’s retirement accounts are growing, but not fast enough. Vanguard has released its annual How America Saves 2019 report. It’s a snapshot of the state of retirement in America that focuses on defined benefit accounts, which are mostly in the form of 401(k)s.

PRC In the News
06/17/19|Orlando Sentinel

Baseball’s pension rules changed after legally blind pitcher in Orlando last played in 1971. Now he needs help

As a baseball game filled the television screen below it, a portrait of Bill Denehy in better days hung on the wall. The rendering showed Denehy in the 1960s, early in his career, a pitcher with a seemingly endless supply of games in the seasons ahead. Denehy was wearing the cap and jersey of the […]

PRC In the News
06/17/19|The Hill

Sanders promises to block cuts to pension benefits if elected

Bernie Sanders (I-Vt.) vowed on Wednesday to place a moratorium on cuts to pension benefits overseen by the federal government if he is elected president in 2020. Speaking at the International Association of Machinists and Aerospace Workers legislative conference in Washington, Sanders decried the passage of a 2014 law empowering the Treasury Department to approve […]

PRC In the News

Retirees, Weigh a Pension Lump Sum Offer Carefully

If your pension plan offers you a lump-sum payout, should you take the money and run? Because of a recent IRS policy change, more retirees are likely to face that question in the near future. In March, the IRS opened the door for defined-benefit plans to offer lump-sum payouts to retirees who are currently receiving […]

PRC In the News
06/17/19|Bloomberg Law

‘Saint Constance’ Fixes the Unfixable as Patron of Lost Pensions

There’s no such thing as a lost cause to Constance Donovan. In her five years as the congressionally-mandated participant and plan sponsor advocate at the Pension Benefit Guaranty Corporation, she’s been a lifeline for flustered pension holders and employers at a federal agency she’s characterized as often effective but prone to being opaque, defensive, and […]

PRC In the News
06/17/19|The Boston Globe

Do away with the red tape that blocks retirees from their pensions

Thank you to Sean P. Murphy for shining a light on what people go through when they encounter a problem with their retirement income (“The annuity that fell into a black hole,” The Fine Print, Page A1, April 22). I’m the director of the Pension Action Center at the University of Massachusetts Boston’s McCormack Graduate […]

PRC In the News
06/17/19|The Boston Globe

Stop & Shop agreement seen as a win for workers

Now that Stop & Shop workers are back on the job, cleaning floors and stocking shelves as they wait for deliveries to arrive, the big questions are: Was the strike worth it, and which side came out on top?

PRC In the News
06/17/19|Herald Standard

Your Financial Future: Find ways to fund retirement now

April is Financial Literacy Month. This has been designated as a time to learn new ways to improve your financial knowledge. We try to help in this regard every week in this column. There will be a lot more written in general publications this month about financial literacy. Generally, people are not as prepared as […]

PRC In the News
06/17/19|News Star

America’s retirement crisis

Could you live on $2,452 per month? Would that be a problem for you? The St. Louis Fed thinks so. They recently wrote, ““It could be worrisome that, for many American households, the total balances of their retirement accounts may not be sufficient to ensure a solid life in retirement.”

PRC In the News

It’s going to get easier for some Americans to save for retirement

Janico, a janitorial services company in North Highland, Calif., always offered a comprehensive benefits package, including health insurance, vacation days and holiday pay — but it could never include a retirement plan.

PRC In the News
06/17/19|Observer Reporter

Boosting your savings can lead to a happier retirement

April is Financial Literacy Month, a time to learn new ways to improve your financial knowledge. We try to help in this regard in this weekly column. A lot more will be written this month about financial literacy. Generally, people are not as prepared as they should be for every possible financial situation. A few […]