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.
PRC In the News
03/26/24
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
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
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.
PRC In the News
03/14/24
If the lawsuits progress, there’s a lot that observers might learn about how companies solicit and evaluate bids, said Norman Stein, senior policy counsel and acting legal director at the Pension Rights Center.
Blogs & Newsletters
03/07/24
By David Brandolph The Pension Rights Center weighed in last week with the Senate Health, Education, Labor and Pension Committee, stating that both short-term incremental and long-term bold solutions must be considered and implemented if we are to help millions of Americans avoid the hardship of a financially calamitous retirement. Committee Chair Bernie Sanders (I-VT) […]
PRC In the News
02/28/24
The Save our Retirement Coalition — made up of nine organizations, including AARP, AFL-CIO, Better Markets and Pension Rights Center — specifically asked that Congress reject any appropriations riders aimed at prohibiting the use of funds for finalizing, implementing or enforcing the Labor Department’s proposed rule in a letter dated Feb. 15, sent to Senate […]
Comments & Letters
01/05/24
The Pension Rights Center, alongside a group of over forty organizations and individuals, expressed strong support for the DOL’s Retirement Security Proposal, which would strengthen protections for retirees and workers who seek professional investment advice.
Comments & Letters
01/04/24
The PRC expressed strong support in written comments for a proposed DOL rule that would ensure that investment professionals who give retirement-related financial advice do so in the best interests of workers and retirees. Read our full comments here.
Press Release
12/15/23
The Pension Rights Center joins our fellow Save Our Retirement coalition members in applauding the DOL’s recent public hearing on a proposed rule to protect consumers from conflicts of interest when seeking professional investment advice while planning for retirement.
PRC In the News
10/31/23|Pensions & Investments
After much anticipation, the White House and Department of Labor on Oct. 31 unveiled a new rule proposal to amend the definition of the term “fiduciary” and require rollover advice be in the best interest of the saver.
Comments & Letters
10/18/23
The Pension Rights Center submitted comments on October 18th in response to a Request for Information concerning the Paper Statements provision of Secure 2.0. Read the PRC’s response to the Request for Information here and our comments on Subsection F here.
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 […]
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