PRC In the News
10/31/23|Pensions & Investments

Pensions & Investments: DOL, White House unveil latest fiduciary proposal to cover one-time rollover advice

After much anticipation, the White House and Department of Labor on Oct. 31 unveiled a new rule proposal to amend the definition of the term “fiduciary” and require rollover advice be in the best interest of the saver.

Press Release

Save Our Retirement Coalition Groups Applaud Public Release of DOL’s Proposal to Protect Americans’ Retirement Savings

The Pension Rights Center is pleased to stand with our fellow Save Our Retirement coalition members in applauding the Department of Labor’s public release of a proposed rule to protect consumers from conflicts of interest when receiving retirement investment advice from financial professionals.

Comments & Letters

PRC Responds to DOL Request for Information on Reporting and Disclosure

The Pension Rights Center submitted comments on October 18th in response to a Request for Information concerning the Paper Statements provision of Secure 2.0. Read the PRC’s response to the Request for Information here and our comments on Subsection F here.

PRC In the News

Forbes: Transferring Your 401(k) To An IRA? 5 Things You You Need To Know To Avoid Getting Burned

Trillions of dollars in 401(k) assets are on the move as employees retire or change jobs. It’s not difficult to transfer these funds, but there’s a lot you need to know to avoid getting fleeced.

Blogs & Newsletters

PRC Voices Concerns on Effect of Plan Information Electronic Recordkeeping

By David Brandolph The U.S. Labor Department should address the challenges and risks faced by employee benefit plan members due to the electronic and digital recordkeeping of their plan information, the Pension Rights Center told the ERISA Advisory Council during recent testimony. Pension Rights Center Senior Policy Counsel and Acting Legal Director Norman P. Stein, joined by […]

PRC In the News
10/04/23|Investment News

Investment News: Employers racing to offload pensions to insurers

Among companies that still have active defined-benefit plans on their books, 89% are planning to offload their pensions to insurance companies using a strategy called pension risk transfer, which puts workers and retirees into group annuities.

Comments & Letters

Senior Policy Counsel Norman Stein Testifies Before the ERISA Advisory Council

Norman Stein, PRC’s Senior Policy Counsel, and Anna-Marie Tabor, a visiting law professor at the University of Massachusetts School of Law and the former director of the Pension Action Center, testified before the Council about the risks posed by electronic recordkeeping and recommended stronger consumer protections including the creation of an electronic shoebox of relevant […]