News Room

Are you looking for the most recent retirement news?

Here you will find articles, blog posts, press releases, newsletters and more. You can read the most recent information below, and you can also search for materials on specific retirement topics by using the filters in the yellow boxes on the left.

Blogs & Newsletters
07/18/24

Just Say No to Automatic E-Delivery of Your Retirement Plan Records

By David Brandolph I just received a troubling letter from my 401k plan. It said I would no longer receive my plan statements and other important plan notices and disclosure documents in the mail. Instead, the plan would from now on be sending emails telling me to log in to my account on its website […]

Blogs & Newsletters
06/25/24

LGBTQ+ Americans Face Retirement Inequities

Pride Month is observed each June to mark the 1969 Stonewall Uprising that sparked the LGBTQ+  rights movement in the United States. Celebrations are centered around building community, recognizing the progress made towards equality, and honoring those who have made that progress possible. But Pride Month is also an opportunity to reflect on the work […]

PRC In the News
06/11/24

Philadelphia Inquirer: Dozens of Wanamakers Employees Never Got Their Pensions

Former Wanamakers employee Bill Whiting started a Facebook group and found more than 40 others who didn’t get their pensions.

PRC In the News
06/08/24

WSJ: His Ex Is Getting His $1 Million Retirement Account. They Broke Up in 1989.

“Inertia has the upper hand,” said Norman Stein, a law professor at Drexel University and senior policy adviser at the Pension Rights Center.

Comments & Letters
05/22/24

PRC Responds to Multi-Agency Request for Information on Reporting and Disclosure

The Pension Rights Center issued comments on May 22nd in response to a Request for Information from the Department of the Treasury, the IRS, the DOL, EBSA, and the PBGC on Section 319 of SECURE 2.0.

PRC In the News
05/14/24

Bloomberg Law: Pending DOL Report to Consider Pension Risk Transfer Changes

“We look forward to seeing the report, which we very much hope will include PRC’s recommendations to strengthen protections for workers and retirees when companies transfer their pension liabilities to insurance companies,” said Karen Friedman, PRC’s executive director. “Plan participants lose a lot in these transactions—including valuable [Pension Benefit Guaranty Corporation] insurance and other ERISA […]

Blogs & Newsletters
05/07/24

PRC News, Spring 2024

  New “No conflicts” Retirement Investment Rule Rolled Out  Pension Rights Center Executive Director Karen Friedman joined other members of the Save Our Retirement Coalition at the White House in April for the Biden Administration’s announcement of a new U.S. Department of Labor rule to protect retirement income security.  The rule requires that investment advice given […]

Blogs & Newsletters
04/30/24

401(k)s Failing Most Americans, Politico Investigation Confirms

By David Brandolph The Pension Rights Center has long made the case that the U.S. retirement system is failing millions of workers who won’t have sufficient income for a dignified and secure retirement, as we’ve been reminding blog readers in recent posts. Billions of dollars in Congressionally authorized tax subsidies for contributions to self-directed retirement […]

Blogs & Newsletters
04/03/24

NIRS Study Finds Americans Support Pensions to Address Retirement Crisis

A whopping 83% of working age Americans surveyed agree that having a pension makes it more likely to have a secure retirement, the National Institute on Retirement Security found in a recent study. Without a pension, most middle-class Americans won’t accumulate enough savings to be self-sufficient in retirement, NIRS said. The survey found that 77% […]

PRC In the News
03/26/24

Bloomberg Law: Athene-Linked Pension Cases Strike at Need for New DOL Guidance

Annuity-only providers such as Athene may be uniquely prone to risks, because they lack the asset diversification individual life insurers enjoy, said Norman Stein, senior policy counsel at the Pension Rights Center, which advocates for the return of more traditional defined-benefit pensions and opposes pension risk transfers.

PRC In the News
03/25/24

Bloomberg Law: AT&T, Lockheed Suits Mark First Real Test for Pension Transfers

Labor Department guidance requires employers seek out the “safest available annuity,” Norman Stein, senior policy counsel for the Pension Rights Center, said. That standard may not be satisfied if employers opt to work with an insurance company facing significant criticism instead of one that’s universally respected, he said.

PRC In the News
03/22/24

ASPPA: Recordkeeping in the Electronic Age

Recordkeeping today is not your grandfather’s recordkeeping. Maybe not even your older sibling’s. So guidance and education from the Department of Labor (DOL) would be helpful in adjusting to the changes that have taken place, concludes a recently released report.

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