PRC In the News
Housing As A Solution For The Retirement Crisis
There is a retirement crisis in the United States. We know this. What we don’t know is how to solve it. There are three pillars to retirement in the United States; your home, retirement/pension plans and social security. Independently, none of these are adequate for the average American.
Advocacy Group Calls New Labor Department Rule ‘Anti-Consumer’
The Pension Rights Center (PRC), a pension advocacy group, has called a new Department of Labor (DOL) disclosure rule “anti-consumer,” saying it will adversely affect people’s ability to plan for retirement and prove their entitlement to benefits.
Bricklayers’ pension plan between rock and hard place; retirees face steep cuts this fall
Dana Donohew began working with brick many decades ago at the age of 12, earning $40 a week, rain or shine, next to an uncle.
US Bill Would Create Lost and Found for Retirement Savings
US lawmakers have re-introduced a bipartisan bill intended to create a national online “lost and found” for Americans to track down lost retirement accounts as they move between jobs.
Pension plan fiduciaries get relief from Supreme Court
Defined benefit plan sponsors worried about fiduciary breach lawsuits welcomed a June 1 Supreme Court decision that significantly raises the threshold for when participants have standing to sue, while participant advocates fretted over what they see as a loss of long-standing protections.
As insurance companies take over pension plans, are your payments at risk?
How safe is your pension? As COVID-19 shutdowns hobble the U.S. economy, the question has taken on more urgency.
Are public pensions doomed because of the coronavirus pandemic? State, local budgets feel pain
Corey Shelton, an eighth grade science teacher in Jackson, Michigan, has earned a pension after more than 20 years on the job, but now he’s concerned that the economic devastation from the coronavirus pandemic will threaten the monthly checks he’s been counting on to fund his retirement.
Where to Check Up on the Health of Your Pension Plan
I will be eligible for a pension when I retire, but the markets and the Covid-19 outbreak have me worried about the health of my retirement plan. How can I figure out where my pension stands? A lot of help is available. But rules governing how employees are kept informed about their plans are changing, […]
Pandemic Puts More Stress On Struggling Pension System
The coronavirus outbreak has presented daunting challenges for an already-struggling multiemployer pension plan system.
House relief act comes with multiemployer changes – and controversy
The House narrowly approved another coronavirus relief legislative package late Friday that includes major changes for multiemployer pension plans, but with far less bipartisan support than previous measures.
House Bill Promises Free Coronavirus Treatment, Pension Aid
House Democrats’ $3 trillion proposal for the next coronavirus relief package, released Tuesday, promises free coronavirus treatment, aid to troubled pension plans and more benefits assistance to out-of-work Americans, including help with health insurance payments and access to enhanced unemployment benefits until January.
Pandemic Relief Could Risk Spousal Retirement Security
Retirement plan industry groups are requesting changes to regulations that would make it easier for employees and retirees to access their retirement savings during the COVID-19 pandemic.
