PRC In the News
Devil in the Details as Justices Mull Church Pension Cases
The pension benefits of more than 300,000 hospital workers will be at stake when the U.S. Supreme Court convenes on March 27, and it’s anybody’s guess what the justices will want to discuss.
Threatened pension cuts will test Trump ties to U.S. Rust Belt voters
Karen Friedman has been traveling the country speaking at meetings of retired union members – and they are angry. What riles them is the prospect of deep cuts in promised pension benefits, and they are hoping for relief from President Donald Trump.
Bill to Rescind DOL Rule Extending Pension Coverage Sparks Fierce Debate
In a move that is sparking a firestorm of protest regarding the extension of retirement plans to uncovered workers, the US House of Representatives advanced two bills to overturn federal rules that would make it simpler for states to start individual retirement accounts (IRAs) for private-sector workers who do not have 401(k)s.
Teamsters face 31 percent pension cut
A total of 16,500 retirees, mostly in upstate New York with a few in New Jersey, are facing the cuts. Another 18,500 who are currently working would also be affected upon retirement.
About one million American workers have pension plans on verge of insolvency
Nearly one million working and retired Americans are currently covered by pension plans that are in imminent danger of insolvency, according to an organization trying to help people keep their retirement earnings.
How To Save For Retirement? Tips For Saving Early To Avoid Stress About What To Do When Reaching Retiring Age
Fewer than half of Americans know or have figured out how much they need for retirement – a scary thought when taken into consideration that the typical American spends about 20 years in retirement.
How Republicans Could Block Access to Retirement Plans for Low-Income Workers
The United States Senate is on the verge of making a vote that would have a major impact on the chances for young and low-income people to save for a secure retirement.
Will your pension be there when you need it?
Karen Friedman is the executive vice president and policy director at the Pension Rights Center, and Joellen Leavelle is the group’s communications and outreach director. Last week, I invited them to answer readers’ questions about their pensions. Here are some questions they didn’t have time to get to from last week’s Color of Money live chat.
Color of Money Live Chat with Michelle Singletary
PRC’s Karen Friedman and Joellen Leavelle discussed an array of retirement issues during Michelle Singletary’s Color of Money Live Chat on February 16, 2107.
Congress Poised To Halt State-Mandated Small Business Retirement Plans
Large employers are backing two Congressional resolutions that would put a stop to burgeoning state and city-mandated workplace retirement savings programs meant to cover the 55 million American workers without a private sector plan. The vote could come next week, and is causing alarm among retirement security watchdogs and the states that are rolling out […]
How to track down an old retirement account
Dear Liz: I worked for a company during the late 1990s. When I left, I had a 401(k) worth approximately $10,000. I recently found an old 401(k) statement and called the plan administrator.
Joellen Leavelle appears on the Ron Ponder Show
Joellen Leavelle, PRC’s communications and outreach director, appeared on the Ron Ponder Show where she discussed recent pension cuts affecting Iron Workers Local 17 retirees as a result of the Multiemployer Pension Reform Act.
