Author: dcadmin
Rescue of miners’ pensions gives hope to musicians, truck drivers and other retirees
By David Brandolph Retirees around the country cheered when congressional leaders included the Bipartisan American Miners Act of 2019 in a must pass end-of-the-year federal government spending bill signed by the President. The new law provides funds to pay the pensions of 92,000 retired miners. The money will come from surplus assets held in the […]
The nation’s pensioners have lost a great champion
By Karen Friedman Sometimes our blogs are about pensions. Today it’s about something more personal. Today we went to a memorial service for a Senate staffer who really mattered. Over 1,000 people – friends, family, Senators, staffers, pension and tax colleagues — packed a Senate room to pay their respects to Chris Allen, who died […]
Know The Rules Before You Roll Over Your Pension
The days of traditional pensions are coming to an end as companies continue turning to 401(k)s for employee retirement plans. Some members of today’s workforce, mostly Generation X and older, were lucky to be enrolled in blue-chip pension plans before they were no longer offered. However, new pension access has plummeted to 4% of the […]
Cutter Family Finances – What To Do If Your Employer Freezes Your Pension
General Electric (GE) announced earlier this month it was freezing pensions for 20,000 employees in an attempt to reduce its $8 billion pension deficit, and it’s also freezing supplementary pension benefits for about 700 workers.
My day at the Supreme Court
By Emily Gilbert Yesterday, the Supreme Court heard oral argument in Intel Corp. Investment Policy Comm. v. Sulyma. PRC had filed a friend-of-the-court brief in the case, and I was excited to get to be there in person. Oral arguments are open to the public, but there are usually only 20-30 seats available on a […]
Pension Rights Center Cries Foul Over DOL Electronic Disclosure Plan
The Pension Rights Center is urging the Labor Department to withdraw its proposed electronic disclosure rule, saying the plan makes it harder for workers to get the information they need to prepare for retirement and monitor their pension and 401(k) plans.
Prospects for electronic delivery sparking enthusiasm for more
The plan sponsor and record-keeper communities are thrilled with a new Department of Labor proposal that would permit default electronic delivery of retirement plan disclosures and would like to see it expanded further.
Comments to the Department of Labor on proposed rule for default electronic disclosure (November 22, 2019)
The Pension Rights Center submitted comments to the Department of Labor on proposed rule RIN 1210-AB90: Default Electronic Disclosure by Employee Pension Benefit Plans under ERISA. Read the full comments here.
Consumer advocacy group asks Labor Department to withdraw proposal that would curtail employees’ receipt of important retirement plan information
November 20— The Pension Rights Center, a nonprofit consumer advocacy organization, charges that a new proposed Labor Department regulation would undermine the rights of workers and retirees to receive critical retirement information. The Department of Labor, the agency charged with protecting workers’ and retirees’ retirement rights, should withdraw its proposed rule (Default Electronic Disclosure by […]
Labor Department proposes to send you down a rabbit hole to find your retirement information
By Karen Friedman The Department of Labor, the agency charged with protecting workers’ and retirees’ retirement rights, wants to adopt a new rule that would make it harder for you to get the information you need to plan for your retirement and watchdog your pension or 401(k) plan. The deadline for the public to respond […]
Intel Corp. Investment Policy Committee v. Sulyma to shape ERISA fiduciary lawsuits
Washington, DC — On December 4, the US Supreme Court will hear arguments in an ERISA lawsuit that may have lasting implications for the ability of plan participants to sue over mismanagement of retirement funds.
Falling interest rates wreak havoc in US pension system
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