Blogs & Newsletters
Pension Rights Center’s Founder Karen Ferguson Receives Award Posthumously Recognizing Her Importance to Employee Benefits Field
By David Brandolph The International Foundation of Employee Benefit Plans (IFEBP) recently bestowed its 2022 Public Service Award on the Pension Rights Center’s late founder and president, Karen Ferguson, who died in December. “Her life’s work was focused on challenging the systems in place to find a better path for a secure retirement,” Kevin E. […]
PRC receives major cy pres award
By Karen Friedman The Pension Rights Center is a national nonprofit consumer organization that relies on your support to continue the important work we do. And we appreciate every contribution that we receive – large and small. Today we are especially grateful to have been chosen to receive a special kind of donation called a […]
PRC News, April 28, 2022
PRC launches new website. We’re excited to announce that our website has a new look and a new design, featuring several new sections to showcase our work and key issues to help you find what you are looking for. Do you need assistance with your retirement benefit? Our Find Help page can help you locate […]
Don’t Put Your Retirement Assets at Risk–Avoid Becoming a ‘Money Mule’
By David Brandolph Everyone needs to know about a type of financial scam that’s been exploding in frequency and could cause victims to lose their life savings, including their retirement nest egg. The scam uses “money mules” to hide or launder illegally obtained money. Money mules are people recruited by fraudsters to receive funds coming […]
Labor Department Sounds Alarm on 401(k) Cryptocurrency Investments
By Jane Smith The U.S. Labor Department’s Employee Benefits Security Administration (EBSA) has recently issued guidance warning about the risks involved in offering and using cryptocurrency as investment options in 401(k)-type retirement plans. In a Compliance Assistance Release issued March 10, the Department said it has “become aware of firms marketing investments in cryptocurrencies to […]
Butch Lewis Act Working to Protect and Restore Pension Benefits
By David Brandolph Substantial progress is being made in meeting the Butch Lewis Emergency Pension Plan Relief Act’s (Butch Lewis Act) objective of rescuing severely underfunded multiemployer defined benefit pension plans and reinstating benefits to thousands of plan members, many of whom have experienced devastating benefit cuts. The Road Carriers Local 707 Pension Plan in […]
Social Media Storm Celebrates PRC and Karen Ferguson
By Katie Jonckheer February 17th was a momentous day at the Pension Rights Center. As we wrote in our most recent blog, this day was PRC’s 46th anniversary and the birthday of our founder Karen Ferguson, who sadly died on December 23rd, 2021. To honor Karen’s legacy and celebrate the PRC, we spearheaded a Twitter […]
A Day of Celebration and Resolve for Realizing PRC’s Vision
By David Brandolph February 17th will be a day to celebrate where the Pension Rights Center has been and where it’s heading. Not only is it the PRC’s 46th anniversary, it’s also the birthday of the Center’s founder and hero, Karen Ferguson, who sadly died on December 23, 2021. While we miss Karen deeply, we […]
Pension Rights Center Committed to Further Karen Ferguson’s Legacy
By David Brandolph The recent death of Karen Ferguson, the Pension Rights Center’s founder, president and revered leader for nearly 46 years, has been a painful blow not only to those of us who knew, admired and loved her, but also to the millions of current and future retirees and their families who benefited knowingly […]
PRC Fact Sheet Answers Questions on Multiemployer Plan Rescue Law’s Implementation
By David Brandolph Last March 11 was a joyous day for the Pension Rights Center, multiemployer defined benefit plan members, plan retirees and their families. Thanks to a joint (and painstaking) seven-year effort to inform and convince Congress of the need to address the systemic threat posed by a pension plan insolvency calamity, President Joseph […]
John Deere workers successfully resist demand for pension freeze of new hires
By David Brandolph Chalk up a victory for a traditional defined benefit pension plan and its members. About 10,000 striking John Deere Co. workers are returning to work under a new contract that, among other provisions, removes language from an initial tentative bargaining agreement that would have prevented new employees from joining the company’s pension […]
PRC News, November 4, 2021
PRC receives a generous grant to support our mission. The Pension Rights Center is thrilled to announce that we have received a three-year grant from the RRF Foundation for Aging (RRF) totaling $375,000 ($125,000 a year). The funds will enable us to expand our efforts to protect and promote retirement security for workers and retirees, […]
