Bloomberg Law: AT&T’s Athene Pension Transfers Called Too Risky by Rights Group
“AT&T Inc. retirees challenging a transaction that shifted responsibility for funding nearly 100,000 pensions to an insurance company received support from the Pension Rights Center, which argued the move fell short of legal standards.”
Paying Tribute to Jimmy Carter, Pension Champion
By Karen Friedman When Jimmy Carter was elected President in 1976, I was a young whipper snapper living in an old, disheveled group house in Washington D.C. When I think back on that time, I fondly remember that his Administration—dedicated to energy conservation, peace and human rights—inspired me and many of my friends to become […]
PRC’s Letter to the ERISA Advisory Council on QDIAs and Lifetime Income
Read the Pension Rights Center’s letter to the ERISA Advisory Council on Qualified Default Investment Alternatives (QDIAs) and Lifetime Income.
PRC News, Fall 2024
The Pension Rights Center wishes you and yours a very happy Thanksgiving! Celebration of the 48th Anniversary of the Pension Rights Center On October 16th, more than 125 friends and colleagues joined the Pension Rights Center to celebrate our 48th anniversary and the 50th anniversary of the Employee Retirement Income Security Act (ERISA). The event, […]
PRC Celebrates Our 48th Anniversary
The Pension Rights Center, along with more than 125 friends and colleagues, celebrated both its 48th anniversary and the 50th anniversary of the landmark federal pension law, ERISA, during a fun-filled evening at the Planet Word museum in Washington, D.C. on October 16, 2024. The celebration included jazz music, pension-centric songs, and speeches and toasts, […]
Boeing Workers Nix Tentative Contract, Demand Pension Restoration
By David Brandolph American workers are increasingly demanding that their employers restore their traditional defined benefit pension plan, making the issue a principal ask in collective bargaining. The latest example of how highly workers value pensions was the overwhelming (64%) rejection by members of the International Association of Machinists and Aerospace Workers (IAM) in Seattle, […]
PRC’s Statement to the ERISA Advisory Council on QDIAs and Lifetime Income
Read Senior Policy Counsel Norman Stein’s statement on behalf of the PRC to the ERISA Advisory Council on Qualified Default Investment Alternatives (QDIAs) and Lifetime Income.
NPR: At the heart of the Boeing strike, an emotional fight over a lost pension plan
“There’s now a real recognition that workers want both good wages and good pensions,” said Karen Friedman, the executive director of the Pension Rights Center. “There’s a growing appetite for secure pensions, and I think we’re going to see more of it, honestly.”
InvestmentNews: At Boeing, pension plan is up in the air, and 401(k) is grounded
If the recent advocacy by unions shows anything, it’s that people would prefer the security of defined-benefit plans, said Karen Friedman, executive director at the Pension Rights Center.
Pension Rights Center Mourns Death of Board of Directors Member Ian Lanoff
The board and staff of the Pension Right Center were saddened by the death on September 29 of our long-time friend, colleague and esteemed board member, Ian D. Lanoff. He was 82. “Ian’s passing is an enormous loss not only to those who knew him, but to millions of Americans who will never know his […]
Ralph Nader Toasts the PRC on its 48th Anniversary
Vanguard’s Rosy 401k Study Doesn’t Reflect Reality for Most Americans
By David Brandolph A recent study from Vanguard found that the employees participating in the 401k plans that the large financial institution serves as recordkeeper increased their contributions to record levels in 2023, and automatic plan enrollment is boosting participation for younger and lower income workers. According to Vanguard, from 2014 to 2023, contribution rates for […]
