Comments & Letters
Group letter to Congress in support of a strengthened and updated fiduciary rule (September 17, 2014)
The Pension Rights Center, along with 43 other organizations, sent the letter below to every member of Congress, expressing support for updated and stronger rules to protect people with retirement plans and individual retirement accounts from conflict-ridden investment advice. The letter calls on the Department of Labor to proceed with the rule-making process. September 17, 2014 […]
PRC Comments to the PBGC on documentation of terminated plans (July 30, 2014)
Pension Rights Center submitted comments to the Pension Benefit Guaranty Corporation, recommending documents and information that pension plan administrators should submit to the agency when plans are terminated. Such documentation could help plan participants obtain their pension benefits when they reach retirement age.
PRC Letter to the Department of Labor on Its Spring 2014 Regulatory Agenda (June 10, 2014)
The Pension Rights Center sent a letter to the Labor Department’s Employee Benefit Security Agency (EBSA), expressing concern over pension issues that are missing from EBSA’s Spring 2014 Regulatory Agenda. The letter highlights four areas that need improvement to better protect the pension rights of workers and retirees: Updating claims and appeals procedures for pension […]
PRC comments to OMB on terminating pension plans (January 21, 2014)
The Pension Rights Center submitted comments to the Office of Management and Budget, supporting the Pension Benefit Guaranty Corporation’s request that terminating single employer plans be required to include sample copies of the required notices that they sent to participants.
PRC comments to the IRS on the Form 8955-SSA (January 21, 2014)
The Pension Rights Center submitted comments to the IRS, supporting its request to continue collecting information on Form 8955-SSA.
PRC response to an RFI on the California Secure Choice Retirement Savings Program (November 15, 2013)
The Center submitted comments [PDF] to the California State Treasurer in response to a Request for Information on the state’s new California Secure Choice Retirement Savings Program. Related: PRC Letter to the Editor in the Sacramento Bee, supporting the California Secure Choice plan (03/23/2013 — scroll down to the 7th letter) Article: A crucial step […]
PRC letter to the U.S. House of Representatives opposing H.R. 2374 on fiduciary standards (September 30, 2013)
The Pension Rights Center sent a letter to every member of the U.S. House of Representatives, urging them to vote against H.R. 2374, the deceptively titled “Retail Investor Protection Act.” For more information on H.R. 2374 and the fiduciary issue, see our letter of July 8, 2013.
Memo to Saint Peter’s University Hospital retirement plan participants re: IRS church plan ruling (September 19, 2013)
The Pension Rights Center sent a memo to workers and retirees at Saint Peter’s University Hospital, who are concerned by the IRS’ ruling that their pension plan is a “church plan.” The memo details why the Center believes that the ruling was wrong. Related: PRC statement on the Saint Peter’s University Hospital church plan ruling […]
PRC comments to PBGC on missing participants and lost plans (August 20, 2013)
The Pension Rights Center submitted comments [PDF] to the Pension Benefit Guaranty Corporation in response to its Request for Information on establishing a program to help locate workers and retirees in defined contribution plans that have terminated. The Center also recommended establishing a Lost Plan Registry, which would help individuals find and claim pension benefits […]
Joint comments to Labor on lifetime income estimates on benefit statements (August 2, 2013)
The Pension Rights Center and the National Women’s Law Center submitted comments to the Employee Benefit Security Administration at the Department of Labor, in support of requiring benefit statements from 401(k)-type plans to include a calculation of how much income the current account balance would provide for life. Related: Joint comments by eight organizations to […]
PRC letter to the U.S. House of Representatives opposing H.R. 2374 on fiduciary standards (July 8, 2013)
The Pension Rights Center sent a letter to every member of the U.S. House of Representatives, urging them to vote against H.R. 2374, the deceptively titled “Retail Investor Protection Act.” The Center warned that the bill would scuttle years of work and an on-going process to ensure that financial advisors provide investment advice that serves […]
Group letter opposing a bill that would prevent stronger fiduciary regulations (June 18, 2013)
The Pension Rights Center — along with AARP, the AFL-CIO, Americans for Financial Reform, the Consumer Federation of America, and Demos — submitted a letter to the U.S. House of Representatives, asking members to oppose H.R. 2374, a bill that would stall efforts by the Department of Labor to ensure that financial advisors act in […]
