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 […]
Labor Day: Time to Honor Workers and Strive for Their Secure Retirement
By David Brandolph On this Labor Day, the Pension Rights Center rededicates itself to preserving and enhancing the retirement income security of American workers who, through their toil and perseverance, built our country and keep it running. Today, we’re also celebrating the 50th anniversary of the landmark federal private pension law, the Employee Retirement Income […]
Come celebrate our continued commitment to retirement security for all!
ERISA is turning 50 and the Pension Rights Center will be 48. Come celebrate our continued commitment to retirement security for all! Wednesday, October 16, 2024 5:30 pm – 7:30 pm Planet Word Museum 925 13th Street NW Washington DC You won’t want to miss this night. There will be toasts along with good food […]
More Than One Million Pensions Protected by Butch Lewis Act
By David Brandolph The Butch Lewis Emergency Pension Plan Relief Act (BLA) – a law enacted in 2021 to save workers’ and retirees’ pensions in severely financially challenged multiemployer plans – has surpassed a high-water mark of success. Due to a recent flurry of special financial assistance (SFA) approvals, BLA has now facilitated the protection […]
