PRC letter to the Committee on Ways and Means in support of specific provisions of the Securing a Strong Retirement Act of 2022
PRC sent a letter to Chairman Neal and Ranking Member Brady of the House Ways and Means Committee in support of specific provisions of the Securing a Strong Retirement Act of 2022, including those related to recoupment and the Retirement Savings Lost and Found.
Labor Department Sounds Alarm on 401(k) Cryptocurrency Investments
By Jane Smith The U.S. Labor Department’s Employee Benefits Security Administration (EBSA) has recently issued guidance warning about the risks involved in offering and using cryptocurrency as investment options in 401(k)-type retirement plans. In a Compliance Assistance Release issued March 10, the Department said it has “become aware of firms marketing investments in cryptocurrencies to […]
The Average Retirement Income in 2022
How are you going to pay for retirement? How is everyone else doing it? What is the average retirement income for 2022? Has it changed a lot from past years as we emerge from the pandemic? Are you anywhere close to average?
Butch Lewis Act Working to Protect and Restore Pension Benefits
By David Brandolph Substantial progress is being made in meeting the Butch Lewis Emergency Pension Plan Relief Act’s (Butch Lewis Act) objective of rescuing severely underfunded multiemployer defined benefit pension plans and reinstating benefits to thousands of plan members, many of whom have experienced devastating benefit cuts. The Road Carriers Local 707 Pension Plan in […]
Social Media Storm Celebrates PRC and Karen Ferguson
By Katie Jonckheer February 17th was a momentous day at the Pension Rights Center. As we wrote in our most recent blog, this day was PRC’s 46th anniversary and the birthday of our founder Karen Ferguson, who sadly died on December 23rd, 2021. To honor Karen’s legacy and celebrate the PRC, we spearheaded a Twitter […]