PRC staff and board of directors, together with national leaders, deeply mourn the passing of their hero and guiding light, Karen Ferguson
It is with deep sadness and the heaviest of hearts that the staff and board of directors of the Pension Rights Center announce the death of Karen Ferguson, the Center’s president and founder, who died on December 23rd from cancer. The Pension Rights Center is a national consumer organization that works to protect the retirement […]
Congressional proposal would limit when retirees must return pension overpayments
For some retirees, getting a large pension payment can become a big problem. Let’s say a pension plan mistakenly has been paying a participant too much and requires the person to pay back the money, typically through reduced future payments.
IRS Again Extends Remote Witnessing for Retirement Plan Changes
The IRS has extended through June 30, 2022, remote notarization relief that gives retirement plans greater flexibility for participant elections that require a witness, such as 401(k) loan applications and spousal consent to changes in the distribution of survivor’s pension benefits.
The Savings Game: Congress needs to help pensioners find their money
For years, members of Congress have been trying to pass legislation that will allow the federal government to establish a centralized database to help retirees locate their pension and 401(k) plans.
Senators revisit bill to create retirement account lost-and-found
A bipartisan bill to create a national online lost-and-found database for retirement accounts has been reintroduced in the Senate.
With Butch Lewis Act, Workers Won Major Victory for Right to Secure Retirement
Tucked into the American Rescue Plan — the coronavirus stimulus that passed in early March — is the greatest victory for American workers in recent memory: the Butch Lewis Emergency Pension Plan Relief Act.
How the COVID relief bill saves union pensions
It didn’t get a lot of fanfare, but tucked into the just-passed COVID relief bill is a new program that will make a life-changing difference for over a million current and future union retirees.
3 Ways You Could Lose Your Pension and How to Save It
When was the last time you heard good news about pensions? Instead, you’ve probably seen alarming headlines such as these:
Local grass roots work ends with Congress passing $86 billion package to rescue failing pensions
What started as a small group gathering in the spring of 2014 in Akron to find a way to save failing union pensions from drastic cuts helped start a national movement that eventually claimed victory in early March.
A new law would require employees to save for retirement
Auto-enrollment may be just what Americans need to save more for retirement — but perhaps only if the government makes it a requirement.
No One Else Was Going To, So These Teamsters Saved Their Own Pensions
“When Don first got his letter saying his pension was going to be cut 52 percent, it was one of those moments like when President Kennedy was killed and 9/11,” said Dana Vargo, spouse of a retired Teamster. “You remember exactly where you were.”
How the American Rescue Plan Act Will Help More Than a Million Retirees and Workers
Good news on the retirement-income front. Some 1.5 million workers and retirees faced the real risk that their pension incomes would be slashed over the next 20 years or significantly sooner. But the American Rescue Plan Act just signed by President Joe Biden will prevent that from happening.