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.”

PRC In the News
11/20/23|Pensions & Investments

Pensions & Investments: Is renewed interest in DB plans real, or just a pipe dream?

The news around corporate defined benefit plans over the past couple decades has been bleak, with companies expeditiously freezing or terminating plans. But with some help out of Washington, experts say there’s an opportunity for employers to reopen plans still on their books or provide their workers with guaranteed income in retirement.

PRC In the News
10/31/23|Pensions & Investments

Pensions & Investments: DOL, White House unveil latest fiduciary proposal to cover one-time rollover advice

After much anticipation, the White House and Department of Labor on Oct. 31 unveiled a new rule proposal to amend the definition of the term “fiduciary” and require rollover advice be in the best interest of the saver.

PRC In the News
10/09/23|Forbes

Forbes: Transferring Your 401(k) To An IRA? 5 Things You You Need To Know To Avoid Getting Burned

Trillions of dollars in 401(k) assets are on the move as employees retire or change jobs. It’s not difficult to transfer these funds, but there’s a lot you need to know to avoid getting fleeced.

PRC In the News
10/04/23|Investment News

Investment News: Employers racing to offload pensions to insurers

Among companies that still have active defined-benefit plans on their books, 89% are planning to offload their pensions to insurance companies using a strategy called pension risk transfer, which puts workers and retirees into group annuities.

PRC In the News
09/19/23

Bloomberg Law: UAW Aims to Restore Retiree Benefits Given Up in 2008 Crisis

At the center of a historic UAW strike against all three major US automakers is an effort against long odds to reclaim retirement benefits workers conceded decades ago as manufacturers teetered on the brink of collapse. United Auto Worker union activists say they want back the guaranteed lifetime pension payments and retiree medical care they […]

PRC In the News
09/09/23

NYT: Why Some Ex-Workers at Bed Bath & Beyond Face 401(k) Losses

Federal law generally protects retirement savings when a company files for bankruptcy. But that’s not always the case.

PRC In the News
09/07/23

CNN: Traditional pension plans are pretty rare. But here’s who still has them and how they work

The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But for most private-sector US workers, pensions disappeared long ago.

PRC In the News
07/26/22

The truckers’ triumph: The incredible story of how a scrappy group of blue-collar retirees rescued their pensions

‘I had to get this fight done no matter what’: It took retired trucker Mike Walden nine years, but reinstated benefits recently started flowing to multiemployer pension participants across America.

PRC In the News
07/25/22|U.S. News & World Report

How to Find an Old 401(k) Account

During the frenzy of leaving behind an old job and getting acclimated to a new position, rolling over your 401(k) plan isn’t always your first priority. Some people even lose track of a 401(k) plan at a former employer. Here’s what to do if you’re trying to find funds held in a previous employer’s 401(k) […]

PRC In the News
05/31/22|Delaware State News

Commentary: Money maze, as retirees become detectives to find ‘lost’ pensions

When Sam Semilia toted up his retirement finances, he was pretty sure that he was due a pension from his time working as a steam engineer for the Diamond Crystal salt company four decades before.

PRC In the News
03/14/22|Money Talks News

The Average Retirement Income in 2022

How are you going to pay for retirement? How is everyone else doing it? What is the average retirement income for 2022? Has it changed a lot from past years as we emerge from the pandemic? Are you anywhere close to average?