Author: dcadmin
How to Choose Between a Pension and Lump Sum Payout
In the midst of a COVID-19-induced sales slump, Honda recently offered early retirement to some of its U.S. workers 55 and older.
Retirement Savers Could Be Put At Risk By Proposed Rollover Rule, DOL Warned
Retirement savers could be put at risk by a proposed Department of Labor rule on workplace retirement plan rollovers and lump sum distributions, DOL was warned today.
The Savings Game: New retirement plan disclosure regulation not in consumer interest
On July 27, a new anti-consumer Labor Department regulation went into effect. The new rule gives retirement plans the right to quit mailing workers and retirees important disclosures on paper and simply send a notice by text or email telling them that key pension information is available on a website. Then it is up to […]
Housing As A Solution For The Retirement Crisis
There is a retirement crisis in the United States. We know this. What we don’t know is how to solve it. There are three pillars to retirement in the United States; your home, retirement/pension plans and social security. Independently, none of these are adequate for the average American.
Treasury Department rejects application by musicians’ pension fund to cut benefits – saving retirees’ pensions. Now it’s up to Congress to act!
Musicians across the country are cheering the U.S. Treasury Department’s decision Tuesday to reject the application filed by the Trustees of the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) to reduce their benefits. The Pension Rights Center joined more than 180 retired musicians, who were facing 40 percent cuts, in urging the Treasury […]
Advocacy Group Calls New Labor Department Rule ‘Anti-Consumer’
The Pension Rights Center (PRC), a pension advocacy group, has called a new Department of Labor (DOL) disclosure rule “anti-consumer,” saying it will adversely affect people’s ability to plan for retirement and prove their entitlement to benefits.
Pension Rights Center Calls on Retirement Plan Participants to “Ask for Paper!” in Response to New Anti-Consumer Labor Department Disclosure Rule
In response to the U.S. Department of Labor’s new anti-consumer “notice-and-access” disclosure regulation that goes into effect today, the Pension Rights Center is urging workers and retirees to tell their pension and 401(k) plans that they want to continue receiving their key retirement information on paper – not just by getting a text or email […]
Bricklayers’ pension plan between rock and hard place; retirees face steep cuts this fall
Dana Donohew began working with brick many decades ago at the age of 12, earning $40 a week, rain or shine, next to an uncle.
US Bill Would Create Lost and Found for Retirement Savings
US lawmakers have re-introduced a bipartisan bill intended to create a national online “lost and found” for Americans to track down lost retirement accounts as they move between jobs.
Legislation offers hope for finding lost pensions
By Kyle Garrett In my 15 years at the Pension Rights Center my primary responsibility has been helping people get assistance with their pension problems. The most frequent question I get from callers is, “I worked for a company for a number of years and now that company is gone and I can’t find my […]
A helpful guide for people awarded retirement benefits at divorce
By Emily Gilbert There is now a helpful new guide for individuals who are going through a divorce and have questions about dividing retirement benefits. The guide – created by the Pension Rights Center, the National Council of Juvenile and Family Court Judges’ Resource Center on Domestic Violence: Child Protection and Custody, and the National […]
Pension plan fiduciaries get relief from Supreme Court
Defined benefit plan sponsors worried about fiduciary breach lawsuits welcomed a June 1 Supreme Court decision that significantly raises the threshold for when participants have standing to sue, while participant advocates fretted over what they see as a loss of long-standing protections.
