Proposals to change the nation’s pension, retirement savings plan, and Individual Retirement Account laws are continually before the U.S. Congress.
Currently, a number of proposals affecting employees, retirees, and their families are under consideration by Congress. Others have been passed and signed into law. These bills and laws are often complicated, but when individuals take the time to understand them and make their views heard, it can make all the difference to their future retirement security.
When Congress passes legislation, it often requires government agencies to issue rules interpreting important aspects of the new laws. The agencies are required to publish their proposed regulations and to invite the public to comment on them. They also often hold hearings where anyone can ask to speak. When the agencies issue their final regulations, these are also published.
Blogs & Newsletters
10/04/23
By David Brandolph The U.S. Labor Department should address the challenges and risks faced by employee benefit plan members due to the electronic and digital recordkeeping of their plan information, the Pension Rights Center told the ERISA Advisory Council during recent testimony. Pension Rights Center Senior Policy Counsel and Acting Legal Director Norman P. Stein, joined by […]
Comments & Letters
10/04/23
Norman Stein, PRC’s Senior Policy Counsel, and Anna-Marie Tabor, a visiting law professor at the University of Massachusetts School of Law and the former director of the Pension Action Center, testified before the Council about the risks posed by electronic recordkeeping and recommended stronger consumer protections including the creation of an electronic shoebox of relevant […]
Press Release
09/20/23
Electronic recordkeeping of employee benefits plan information can aid plan administration efficiency and reduce costs for employers, but also poses increased difficulties and risks for plan members that the U.S. Labor Department must address, the Pension Rights Center will tell the ERISA Advisory Council during testimony the morning of September 20. Pension Rights Center Acting […]
Blogs & Newsletters
01/18/23
By Karen Friedman The Pension Rights Center (PRC) applauds the recent inclusion of several key consumer provisions in the Setting Every Community up for Retirement Enhancement Act (better known as SECURE 2.0), a retirement legislative package that was passed as part of the Omnibus spending legislation, which President Biden signed into law on December 29th. […]
PRC In the News
07/26/22
‘I had to get this fight done no matter what’: It took retired trucker Mike Walden nine years, but reinstated benefits recently started flowing to multiemployer pension participants across America.
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