A (Belated) Valentine’s Day Message from the PRC
As you polish off the rest of your Valentine’s Day chocolates, we wanted to take a moment to share our love and appreciation for all of you. Because of your tireless support, we’re able to take our fight for retirement security to the halls of Congress, the hearing rooms of regulatory bodies, and beyond. Your […]
SOR Coalition Opposes Appropriations Riders to Proposed Retirement Security Rule
The Save Our Retirement Coalition issued a letter voicing our opposition to appropriations riders that would prohibit the use of funds to finalize, implement, or enforce the Department of Labor’s (DOL) proposed Retirement Security Rule.
Our 2024 Resolutions Reflect our Commitment to Retirement Security for All
By Karen Friedman The New Year is always a great time to take stock and resolve to do better. I’m already making headway on my personal goals of hitting the gym, eating healthier (mostly), and generally getting in better shape. Our resolutions at the Pension Rights Center, however, are a bit more ambitious. We’re working […]
Forbes: Why You Should Demand A Guaranteed Pension From Your Employer
“What’s fueling this desire for pensions?” asks David Brandolph at the Pension Rights Center. “Workers are increasingly dissatisfied with the shortcomings of 401(k)-type plans that require do-it-yourself investing.”
PRC Stands With Coalition To Urge DOL To Finalize Fiduciary Rule
The Pension Rights Center, alongside a group of over forty organizations and individuals, expressed strong support for the DOL’s Retirement Security Proposal, which would strengthen protections for retirees and workers who seek professional investment advice.
PRC Advocates for Conflict-Free Investment Advice
The PRC expressed strong support in written comments for a proposed DOL rule that would ensure that investment professionals who give retirement-related financial advice do so in the best interests of workers and retirees. Read our full comments here.
Return of Traditional Pension, Use of Hybrid Structures Touted in Media
By David Brandolph Lately, private-sector traditional defined benefit plan pension plans have been getting some well-deserved attention in the media. Articles in the New York Times and Wall Street Journal have been reenforcing what we already knew–that American workers value the guaranteed lifetime income offered by traditional defined benefit plan pensions. But these articles also […]
Save Our Retirement Coalition Applauds DOL’S Public Hearing On Proposed Rule To Protect Workers’ Retirement Savings
The Pension Rights Center joins our fellow Save Our Retirement coalition members in applauding the DOL’s recent public hearing on a proposed rule to protect consumers from conflicts of interest when seeking professional investment advice while planning for retirement.
Uptick in Withdrawals Exposes the Inadequacy of Do-It-Yourself Retirement
For decades, employers have been steadily ridding themselves of the responsibility of funding and making payments to traditional defined benefit pensions in favor of 401(k)-type defined contribution plans. But are these individual account retirement savings plans providing sufficient retirement income for most Americans? For millions of workers, that answer is “No.” A survey of individuals […]
Speech by Karen Friedman at the ARA Retiree Security Symposium
Karen Friedman, Executive Director of the PRC, gave a speech to attendees at the 2023 ARA Retiree Security Symposium in Washington, D.C. on October 17th. You can read her comments here.
PRC and Coalition React to DOL Rule to Protect Savers
The following steering group members of the Save Our Retirement coalition – AARP, AFL-CIO, Americans for Financial Reform Education Fund, Better Markets, Center for American Progress, Consumer Federation of America, Economic Policy Institute, and Pension Rights Center – released this statement following an initial review of the Department of Labor’s (DOL) proposed rule protecting Americans […]
PRC News, Fall 2023
PRC issues recordkeeping recommendations in testimony before the ERISA Advisory Council Pension Rights Center Senior Policy Counsel Norman Stein was joined by Anna-Marie Tabor, a visiting law professor at the University of Massachusetts School of Law and the former director of the Pension Action Center located at the University of Massachusetts Boston in testifying before […]