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% […]
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 Supports Senate Committee in Quest to End Retirement Income Crisis
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) […]
Pension Rights Center Informs Senate Committee on Solutions to Retirement Crisis
The Pension Rights Center submitted a statement today from its Executive Director Karen Friedman telling the Senate, Health, Education, Labor and Pension Committee that “too many Americans are and will be facing an inadequately funded retirement with all the hardships that entails.” PRC, a nonpartisan, consumer organization that works to protect and promote the retirement […]
Pensions & Investments: Congress should reject attempts to block fiduciary rule using spending bills – coalition
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 […]
More Resources Now Available for Finding Lost Retirement Plan Benefits
By Jane Smith There is a new resource for the many people who are entitled to retirement plan benefits but can’t locate their former employer to claim those benefits. Those searching for benefits can start by checking out the “Find Unclaimed Retirement Benefits” search tool on the Pension Benefit Guaranty Corporation’s (PBGC) website. This tool […]
SOR Coalition Opposes Appropriations Riders to Proposed Retirement Security Rule
The Save Our Retirement Coalition issued a letter voicing our opposition to appropriations riders that would prohibit the use of funds to finalize, implement, or enforce the Department of Labor’s (DOL) proposed Retirement Security Rule.
Our 2024 Resolutions Reflect our Commitment to Retirement Security for All
By Karen Friedman The New Year is always a great time to take stock and resolve to do better. I’m already making headway on my personal goals of hitting the gym, eating healthier (mostly), and generally getting in better shape. Our resolutions at the Pension Rights Center, however, are a bit more ambitious. We’re working […]
PRC Stands With Coalition To Urge DOL To Finalize Fiduciary Rule
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.
PRC Advocates for Conflict-Free Investment Advice
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.
Save Our Retirement Coalition Applauds DOL’S Public Hearing On Proposed Rule To Protect Workers’ Retirement Savings
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.
Speech by Karen Friedman at the ARA Retiree Security Symposium
Karen Friedman, Executive Director of the PRC, gave a speech to attendees at the 2023 ARA Retiree Security Symposium in Washington, D.C. on October 17th. You can read her comments here.
