PRC In the News
No Easy Solutions to Help Multiemployer Pension Plans
Several options have been proposed to bolster the PBGC’s multiemployer pension program funding by altering its premium structure, but none have overwhelming appeal, and all would require some give from stakeholders, the American Academy of Actuaries said.
8 steps to seek retirement funding peace of mind
It’s always a good time to talk about retirement planning because many Americans near or at retirement are worried they’ll outlive their money. It’s a legitimate concern.
Upstate Teamsters Face 30% Pension Cut
Retired after 18 years as a trucker, Morristown’s Bill Mead faces an unpleasant fact. “The Teamsters fund is going belly up, for lack of a better word,” he said. The upstate teamsters fund is asking the Treasury Department to okay a 31 percent cut in the monthly check for retirees.
What Happens When There’s a Mistake in Your 401(k)
Are you keeping a close eye on your 401(k) and other retirement plans? You should, because employers and plan managers make mistakes—and that can lead to big headaches and out-of-pocket costs for you.
Pension Rights Center celebrates 40 years, pension ‘superheroes’
The Pension Rights Center in Washington celebrated its 40th anniversary and named several pension “superheroes” at an award ceremony Thursday.
Plan would hang onto retirement funds for employees who can’t be found
When it comes to saving for retirement, every penny counts. Even lost pennies. The Pension Benefit Guaranty Corp. has a plan to help thousands of retirement savers find those lost pennies.
Mandatory Retirement Savings Program Coming to a State Near You?
Washington state has created a Small Business Retirement Savings Marketplace where small businesses can go to get affordable retirement plans to offer their employees.
PBGC Proposes Lost & Found For 401(k) Money
Lost track of your old 401(k)? In keeping up with the times, the Pension Benefit Guarantee Corporation has issued proposed rules on a depository to hold orphaned retirement accounts for workers whose former employers terminate their 401(k) plans.
Lost Track of an Old 401(k)? Here’s a Plan to Help You Find Your Money
It’s surprisingly easy to lose track of your retirement savings, leaving them to be eaten up by inflation and fees—or even seized by the state. Americans jump from job to job and, in the rough and tumble of daily life, forget what they’ve left behind.
When Will New State Retirement Plans Start Enrollment?
Half of private sector employees don’t have access to a workplace retirement savings plan, but by next year several states expect to have new plans up and running.
Kline proposes more flexible benefits as part of pension reform
Rep. John Kline of Minnesota has proposed a new pension reform law that he said can save troubled multi-employer retirement plans from dissolution or insolvency by making benefits more flexible.
DuPont pension choice: ‘The company has scared everybody’
The DuPont Co. has told 18,000 former workers they have from Sept. 12 until Oct. 21 to trade their future pensions — for up-front cash, or for an earlier but smaller monthly annuity — instead of waiting until they reach retirement age to collect traditional pension checks.
