Author: dcadmin
More GOP Senators Press DOL to Extend Fiduciary Comment Period
Lawmakers on both sides of the aisle continue to pressure the Department of Labor to extend the comment period on its revised plan to amend the definition of fiduciary for retirement accounts.
Lawmakers Ask DOL’s Perez to Extend Fiduciary Comment Period
Lawmakers asked Labor Secretary Thomas Perez in two separate letters this week to extend by another 45 days the comment period on the Department’s redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.
Split with White House widens as Democratic lawmakers ask DOL to extend comment deadline on fiduciary rule
More than two dozen Democratic lawmakers are asking the Labor Department to extend the comment period on a controversial rule that would raise investment advice standards for brokers working with retirement accounts.
Older Americans Month 2015 – Helping older Americans get into the act
May 1 marked the start of Older Americans Month, a time when the aging services community highlights the country’s older Americans and the programs that serve them. Sponsored by the Administration for Community Living, the theme for this year’s Older Americans Month is “Get into the Act.” In my position as Digital and Outreach Director […]
A small victory in the war over pensions
Religious exemptions to pension guarantees have led to theft, but workers at one New Jersey hospital fought back
Pension Plan Clawbacks Becoming More Common In U.S.
In recent months, many seniors have been surprised to find that they have been the subject of a pension plan clawback, an action that is occurring more frequently across the United States.
Major Financial Players Lobby Around Obama’s Investment Rules
In the months since President Obama announced his support for new retirement investment rules that would stop advisers from pushing high-fee plans on small-fry American investors, several major financial organizations have lobbied hard on a bill that would undermine the commander in chief’s agenda, according to recently released lobbying records for the first quarter of […]
How to search for lost pension money
Dear Savvy Senior: What tips can you offer for tracking down a lost pension from a previous employer?
PRC statement in response to a subcommittee hearing on multiemployer pension plans (April 29, 2015)
The Subcommittee on Health, Employment, Labor and Pensions of the Committee on Education and the Workforce in the U.S. House of Representatives held a hearing on “Examining Reforms to Modernize the Multiemployer Pension System.” In response to this hearing, the Pension Rights Center released the following statement: The Pension Rights Center is a nonprofit consumer […]
A “Gettysburg Address” on pension promises
Last week, I spoke to an auditorium full of economics and public policy students at Gettysburg College, as part of the Economics Department’s Finance Symposium. This year’s topic: “Re-Defined Benefits: The Past, Present, and Future of Defined Benefit Pensions in the United States.” You can read my speech here or watch the entire symposium on […]
Speech by Karen Friedman at Gettysburg College on “Re-Defined Benefits: The Past, Present, and Future of Defined Benefit Pensions in the United States” (April 23, 2015)
Karen Friedman participated in a Finance Symposium, hosted by the Economics Department at Gettysburg College. The topic for the symposium was “Re-Defined Benefits: The Past, Present, and Future of Defined Benefit Pensions in the United States.” Below are her remarks. You can watch the entire symposium on the Economics Department’s Facebook page. Hello, I’m Karen Friedman, the executive vice […]
Some Union Pension Cuts Likely As New Federal Rules Take Shape
The likelihood that hundreds of thousands of union members nationwide won’t be receiving the full pension benefits promised to them is becoming clearer as federal regulatory agencies in Washington, D.C., move to implement new pension legislation quietly approved in the final weeks of 2014.
