Press Release
02/28/24

Pension Rights Center Informs Senate Committee on Solutions to Retirement Crisis

The Pension Rights Center submitted a statement today from its Executive Director Karen Friedman telling the Senate, Health, Education, Labor and Pension Committee that “too many Americans are and will be facing an inadequately funded retirement with all the hardships that entails.” PRC, a nonpartisan, consumer organization that works to protect and promote the retirement […]

PRC In the News
02/28/24

Pensions & Investments: Congress should reject attempts to block fiduciary rule using spending bills – coalition

The Save our Retirement Coalition — made up of nine organizations, including AARP, AFL-CIO, Better Markets and Pension Rights Center — specifically asked that Congress reject any appropriations riders aimed at prohibiting the use of funds for finalizing, implementing or enforcing the Labor Department’s proposed rule in a letter dated Feb. 15, sent to Senate […]

Blogs & Newsletters
02/27/24

More Resources Now Available for Finding Lost Retirement Plan Benefits

By Jane Smith  There is a new resource for the many people who are entitled to retirement plan benefits but can’t locate their former employer to claim those benefits.   Those searching for benefits can start by checking out the “Find Unclaimed Retirement Benefits” search tool on the Pension Benefit Guaranty Corporation’s (PBGC) website. This tool […]

Blogs & Newsletters
02/21/24

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 […]

Comments & Letters
02/16/24

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.

Blogs & Newsletters
01/30/24

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 […]

PRC In the News
01/10/24

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.”

Comments & Letters
01/05/24

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.  

Comments & Letters
01/04/24

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.  

Blogs & Newsletters
12/18/23

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 […]

Press Release
12/15/23

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.

Blogs & Newsletters
11/14/23

Uptick in Withdrawals Exposes the Inadequacy of Do-It-Yourself Retirement

By David Brandolph 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 […]