Comments & Letters
Group letter and memorandum to the Dept. of Labor on electronic disclosure (04/19/2012)
The Pension Rights Center, along with six other organizations, send a letter and memorandum to the Department of Labor (DoL), expressing their support for DoL’s current rules regarding electronic disclosure of retirement plan information. The groups oppose making electronic disclosure the default method of communicating important details about their 401(k) plans for all workers and […]
Pension Rights Center supports proposed DOL regulation on definition of fiduciary (07/20/2011)
The Pension Rights Center sent a letter to members of Congress supporting a proposed Department of Labor regulation that would protect participants in 401(k) plans and IRAs by changing the definition of a plan “fiduciary” to include firms and brokers that provide investment advice for a fee. This important regulation will ensure that those who […]
PRC response to a Request for Information on electronic disclosure in benefit plans (06/06/2011)
The Pension Rights Center submitted comments in response to a Request for Information by the Employee Benefits Security Administration on delivering information to participants and beneficiaries through electronic means. The Center supports the current safe harbor for electronic disclosure, warning that moving to electronic disclosure as the default means of delivery could harm the retirement […]
Joint letter to Oklahoma State Senate protesting legislation on military pensions (03/07/2011)
The Pension Rights Center and six other organizations sent a letter to the Oklahoma State Senate protesting a bill that would significantly cut spousal protections for former military spouses. The bill would have eliminated retirement benefits for former military spouses who remarry or cohabitate. While the bill passed the Oklahoma State Senate, it failed to secure […]
PRC and NELA comments to EBSA on proposed regulations on the definition of a fiduciary (02/03/2011)
The Pension Rights Center (the Center) and the National Employment Lawyers Association (NELA) submitted comments on the Department of Labor’s proposed regulations on the definition of fiduciary. The organizations support the proposed regulations, calling them “much-needed and long-overdue.”
PRC comments to EBSA on proposed amendments to regulations concerning target-date funds and QDIA (01/14/2011)
Pension Rights Center submitted comments [PDF] on the Department of Labor’s proposed amendments to the qualified default investment alternative regulation and the participant-level disclosure regulation concerning disclosure of information by target-date or similar funds.
PRC Letter to the IRS regarding the faulty definition of “active participant” in 401(k) plans
August 5, 2010: The Pension Rights Center sent a letter to the IRS, asking it to revert back to a definition of an “active participant” in 401(k) plans that is accurate and useful.
Letter from PRC and other organizations to the U.S. Senate regarding 401(k) fee disclosure provisions in H.R. 4213
June 15, 2010: The Pension Rights Center and seven other organizations sent a group letter to members of the U.S. Senate, urging them to restore provisions to H.R. 4213 that would make 401(k) fees more transparent and straightforward.
PRC letter to the U.S. Senate regarding 401(k) fee disclosure provisions in H.R. 4213
June 8, 2010: The Pension Rights Center sent a letter to Senator Max Baucus and the rest of the U.S. Senate, expressing its strong support for provisions in H.R. 4213 that require better disclosure of 401(k) fees.
PRC letter to the U.S. House of Representatives in support of 401(k) fee disclosure provisions in H.R. 4213
May 20, 2010: The Pension Rights Center sent a letter to Rep. George Miller and the rest of the House of Representatives, expressing its strong support for provisions in H.R. 4213 that require better disclosure of 401(k) fees.
PRC letter to Senator Blanche Lincoln regarding swaps involving derivatives
May 13, 2010: The Pension Rights Center sent a letter to Senator Blanche Lincoln urging her to keep important protections for pension plans when they enter into swaps involving derivatives.
PRC comments to EBSA on a proposed rule on investment advice (05/05/2010)
The Pension Rights Center submitted comments to the Employee Benefits Security Administration on its proposed rule on the exemption under ERISA § 408(g) of certain categories of investment advice from the prohibited transaction rules. The Center suggested improvements to the rule to ensure that investment advice is unbiased and free of conflicts of interest.
