Press Release
01/07/11

“401(k) Fee Disclosure is as American as Apple Pie,” Pension Rights Center Says at Capitol Hill Event

WASHINGTON – The Pension Rights Center joined Congressman George Miller (D-Calif.), Congressman Rob Andrews (D-NJ), AARP, and other groups today at a press conference calling on the Senate to restore 401(k) fee disclosure provisions to the American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213). “The 401(k) fee disclosure provisions are critical to […]

Press Release
01/07/11

The Pension Rights Center Mourns the Death of Beth Shulman

WASHINGTON – The Pension Rights Center mourns the death of Beth Shulman, a great human and a beloved colleague who died Friday, February 5, 2010. She was diagnosed with brain cancer in October and subsequently suffered complications from pneumonia. Beth is survived by her husband, Ernie Englander, and son, Aaron, as well as a loving circle of dear […]

Press Release
01/07/11

Statement on President Obama’s Auto-IRA Proposal

WASHINGTON – The Pension Rights Center applauds the Obama administration for recognizing retirement insecurity as a major national issue – both in the President’s State of the Union address last night and in the recommendations released by the Middle Class Task Force on Monday.  Giving workers better information about the fees they pay for their […]

Press Release
01/07/11

Pension Rights Center Asks Senate HELP Committee to Provide Funding Relief for Companies that Continue Workers’ Pensions

WASHINGTON – Congress should make short-term emergency funding relief available for companies that continue their workers’ pension plans, the Pension Rights Center told lawmakers today.  Testifying on behalf of the Center before the Senate Committee on Health, Education, Labor, and Pensions, Center Executive Vice President and Policy Director Karen Friedman recognized the economic hardships that […]

Press Release
01/07/11

Conference Calls for New Approach to Retirement Security, Looks at Proposals for Visionary Future System

Washington – A Retirement USA conference held in Washington, D.C., today spotlighted the need for a new, visionary approach to retirement security. Convened by the AFL-CIO, the Economic Policy Institute, the National Committee to Preserve Social Security and Medicare, the Pension Rights Center, and the Service Employees International Union (SEIU), Retirement USA is a new […]

Press Release
01/07/11

Pension Rights Center Asks House Ways and Means Committee to Provide Funding Relief for Companies that Continue Workers’ Pensions

WASHINGTON – Congress should make short-term emergency funding relief available for companies that continue their workers’ pension plans, the Pension Rights Center told lawmakers today. Testifying on behalf of the Center before the House Ways and Means Committee, Professor Norman P. Stein recognized the economic hardships that companies are facing, but urged the panel to […]

Press Release
01/07/11

The Pension Rights Center Mourns the Death of Lisle Carter

WASHINGTON – The Pension Rights Center released the following statement on the death of former board member Lisle Carter: “Lisle C. Carter, Jr. was a man of great distinction and infinite wisdom whose entire life was dedicated to public service, helping to lay the groundwork for many of the country’s most far-reaching retirement income reforms. […]

Press Release
01/07/11

Pension Rights Center Mourns the Death of Senator Edward M. Kennedy

WASHINGTON – The following is a statement from Karen Ferguson, director of the Pension Rights Center, on the death of Senator Edward M. Kennedy: “The Pension Rights Center joins the country in mourning the loss of Senator Ted Kennedy, the Senate’s most steadfast and effective advocate for American families. As the Chairman of the Senate […]

Press Release
01/07/11

Pension Rights Center Statement on the Introduction of the 401(k) Fair Disclosure for Retirement Security Act of 2009

WASHINGTON – The Pension Rights Center applauds Congressman George Miller (D-Calif.) and Congressman Rob Andrews (D-NJ) for introducing the 401(k) Fair Disclosure for Retirement Security Act of 2009.  At a time when the decline of the stock market has decimated 401(k) plans, it is more evident than ever that every dollar counts – and workers […]

Press Release
01/07/11

60 Minutes 401(k) Exposé Shows Need for New Retirement Income System

WASHINGTON – The television news program 60 Minutes aired a devastating indictment of 401(k) plans Sunday, further documenting the need for a new retirement system above Social Security.  The piece featured several older Americans whose 401(k) accounts have dropped precipitously in the past year, shattering their dreams of retirement.  The Pension Rights Center hailed the […]

Press Release
01/07/11

Groups Launch Retirement USA Initiative, Establish Principles for a Visionary Retirement Income System

Washington – The Economic Policy Institute, the National Committee to Preserve Social Security and Medicare, the Pension Rights Center and the Service Employees International Union (SEIU) today launched Retirement USA, an initiative working for a new retirement system that, along with Social Security, will provide universal, secure, and adequate income for future retirees.  The groups […]

Press Release
01/07/11

Little-known Provision in Federal Pension Program May Prevent Some From Getting Benefits

Pension Rights Center Asks Obama Administration to Notify Workers of Potential Risk WASHINGTON – Federal workers who are covered by the Civil Service Retirement System (CSRS) may not realize that, if they leave the federal government to work in the private sector and they die before applying for their CSRS pensions, their spouses and ex-spouses […]