Author: Emily Gilbert
Prospects Brighten for Much Needed Pension Rescue Bill as It Heads to House Floor Vote
By David Brandolph The House Ways and Means Committee significantly boosted the prospect for passage of much needed pension relief that would protect the hard-earned and promised benefits of active and retired truck drivers, nurses and health care workers, plumbers and construction trade workers – people who we now recognize and honor as America’s essential […]
PRC News, February 19, 2021
Wow…Our 45th anniversary is here! Forty-five years ago this week, consumer advocate Ralph Nader handed Karen Ferguson a key to an office, a check for $10,000 and told her to “make pensions an issue.” And with those four words, the Pension Rights Center was born. With gumption and a vision for a future where all […]
Welcome Labor Department Guidance on Missing Participants
By Jane Smith Recently issued Department of Labor guidance is an important step toward resolving the “missing participants” problem. Following several years of investigating how plans do, or do not, stay in touch with former employees who are due benefits, in January 2021, the Labor Department published a best practices guide for pension and retirement […]
PRC letter to the Committee on Ways and Means in support of the Butch Lewis Emergency Pension Plan Relief Act of 2021
PRC sent a letter to the Committee on Ways and Means expressing our support for the Butch Lewis Emergency Pension Plan Relief Act of 2021.
NIRS Report Says U.S. Gets Overwhelming Economic Benefit from Pension Payments
By David Brandolph Payments from traditional pension plans generated a staggering $1.3 trillion in U.S. economic output in 2018, according to a report recently released by the National Institute on Retirement Security (NIRS). The NIRS report, Pensionomics 2021: Measuring the Economic Impact of Defined Benefit Pension Expenditures, showed that, in 2018, some $578.7 billion in pension benefits […]
Musicians Paul Livant and Andy Snitzer Contribute “Service Award” to Pension Rights Center
Andy Snitzer and Paul Livant, the named plaintiffs in a class action lawsuit against the trustees of the American Federation of Musicians and Employers Pension Fund (AFM-EPF), received a service award of $10,000 each when that case settled. Rather than keep their awards, which compensated them for their time and the risks they took on, […]
RRF Foundation for Aging’s president urges action to address plight of older adults
By Karen Friedman While Americans of all ages are cheering the prospect of vaccinations, the pandemic has already “put older people’s economic well-being at risk,” Mary O’Donnell, president of the RRF Foundation for Aging, said in an important and timely op-ed recently published in Crain’s Chicago Business. When the pandemic landed ashore earlier this year, many people […]
Retirement & Divorce: New Report Highlights What We Don’t Know
By Emily Spreiser In August 2020, the U.S. Government Accountability Office (GAO) published a report on qualified domestic relations orders, or QDROs. For those not familiar with what the GAO does, it’s an agency that responds to inquiries from members of Congress who want to know more about how federal tax dollars are being spent in order […]
PRC News, November 24, 2020
As Thanksgiving approaches, we want to wish you and yours a warm and safe holiday. Although traditions may have to change this year, what won’t change are the Pension Rights Center’s untiring efforts to protect and promote retirement security for workers and retirees and their families. Below you will read what we’ve been up to […]
PRC News, August 28, 2020
Fixing the multiemployer crisis is more urgent than ever. The Treasury Department recently rejected an application from the American Federation of Musicians and Employers Pension Fund (AFM-EPF) to cut benefits under the Multiemployer Pension Reform Act (MPRA). Read our press release on the rejection, where Karen Friedman said, “Now [these retired musicians] can breathe a […]
Comments to Department of Labor on proposed class exemption “Improving Advice for Workers and Retirees.”
PRC submitted comments to the Department of Labor on proposed class exemption “Improving Advice for Workers and Retirees.”
PRC News, June 3, 2020
Both our policy and legal teams have been super busy during the COVID-19 emergency. Our legal program has been hard at work answering your questions and helping people get the benefits they have earned. Our policy team has been working to ensure that new legislative and regulatory proposals protect rather than undercut your rights. Here’s […]
