PRC In the News
Major Financial Players Lobby Around Obama’s Investment Rules
In the months since President Obama announced his support for new retirement investment rules that would stop advisers from pushing high-fee plans on small-fry American investors, several major financial organizations have lobbied hard on a bill that would undermine the commander in chief’s agenda, according to recently released lobbying records for the first quarter of […]
How to search for lost pension money
Dear Savvy Senior: What tips can you offer for tracking down a lost pension from a previous employer?
Why Labor Department Gets a Say on IRA Advice
Individual retirement accounts are a creation of tax law, with rules spelled out by the Internal Revenue Service. Now the Labor Department, which oversees workplace retirement plans, is weighing in—proposing new rules for brokers and others giving advice about retirement savings.
Some Union Pension Cuts Likely As New Federal Rules Take Shape
The likelihood that hundreds of thousands of union members nationwide won’t be receiving the full pension benefits promised to them is becoming clearer as federal regulatory agencies in Washington, D.C., move to implement new pension legislation quietly approved in the final weeks of 2014.
Teamsters Mount Grassroots Campaign to Block Pension Cuts
Teamsters are up in arms over looming pension cuts that could slash the incomes of both current and future retirees—anyone under 80.
Supporters, Critics, Gear Up for Fight Over Proposed Expanded Fiduciary Definition
Supporters and opponents of the Department of Labor’s conflict-of-interest proposed regulation ramped up their campaigns soon after the Obama administration announced the rule’s release.
Private pension funding drops to lowest level in 6 years
Even as stock market rose last year, pension funding levels at America’s biggest companies in 2014 fell to levels not seen since just after the financial crisis.
EPCRS Changes Make Key Clarifications For Employers, Participants, Practitioners Say
Two recent Internal Revenue Service updates to its correction program, the Employee Plans Compliance Resolution System, ease some burdens on employers discovering costly errors in their plans, practitioners told Bloomberg BNA.
Questions Arise Over Repayment Of Money Paid Pensioners In Error
Pontiac retirees who were accidentally overpaid may have to give back that money. But an activist group says they shouldn’t have to cough up the cash.
Pension rights group: Overpayments to Pontiac retirees should be forgiven
Internal Revenue Service rules could allow the 150-percent-funded Pontiac General Employees Retirement System to forgive overpayments made for 16 months to 600 retirees.
Red flags for those mapping out their retirement years
You think your Social Security benefits aren’t vulnerable? Then you should pay attention to what’s happened with pensions.
PBGC may need a financial safety net of its own
Forty years after it was created, the future of the federal agency that guarantees employees’ and retirees’ pension benefits is in doubt.
