Prudential tries to collect pension overpayment after 17 years
In this television news story, the Mid-Atlantic Pension Counseling Project is featured helping a retiree who was told to repay his former employer pension money that he was overpaid, through no fault of his own.
Remarks by Karen Friedman at a discussion of the U.S. Chamber of Commerce’s white paper, “Private Retirement Benefits in the 21st Century: A Path Forward” (April 23, 2012)
Thank you so much to Aliya and the U.S. Chamber of Commerce for inviting me to speak today. I am delighted to be here on behalf of the Pension Rights Center to provide a consumer perspective on some of the critical retirement issues presented in the Chamber’s white paper, “Private Retirement Benefits in the 21st […]
Point Man on Pensions
Josh Gotbaum scored a coup last month for the obscure-but-important federal agency he runs when American Airlines parent AMR Corp. reversed plans to dump its underfunded pension plans on the Pension Benefit Guaranty Corp.
How 401(k)s are failing millions of Americans
More than half of U.S. workers have no retirement plan at all. And even those who do have a 401(k) typically don’t have enough money to retire comfortably
Think Paperless is the Way to Go? When It Comes to Financial Disclosure, Not Always, Says Coalition
A group of labor, women’s, minority, and consumer organizations, representing millions of Americans, sent a letter to the Department of Labor (DoL) today, strongly supporting the Department’s current rules regarding how participants receive critical information from their retirement plans. The DoL is under tremendous pressure from companies and the financial services industry to change those […]
Group letter and memorandum to the Dept. of Labor on electronic disclosure (04/19/2012)
The Pension Rights Center, along with six other organizations, send a letter and memorandum to the Department of Labor (DoL), expressing their support for DoL’s current rules regarding electronic disclosure of retirement plan information. The groups oppose making electronic disclosure the default method of communicating important details about their 401(k) plans for all workers and […]
Safeguard Your Pension Benefits in Retirement
The Pension Counseling and Information Projects are mentioned in this Morningstar column, which offers advice on protecting your pension benefits.
A New Chapter of Pension Plan Woes
Pensions used to be a reliable stream of retirement income, but these twists and turns could put a pension benefit in jeopardy.
The 401(k): Americans ‘just not prepared’ to manage their own retirement funds
When lawmakers added a subsection to the tax code called the 401(k) more than three decades ago, they could not have imagined that this string of three numbers and a letter would become a fixture in the financial lexicon.
Can we call it a comeback…for DB plans?
I hope so. According to a newly-released Towers Watson survey, it looks like defined benefit pension plans are making a comeback – especially among younger workers. According to the 2011 Towers Watson Retirement Attitudes Survey, younger workers are increasingly recognizing that guaranteed income in retirement should play a role in the decision-making process when selecting […]
Tax credit a benefit for lower-income workers
Lower-income workers can get a little-known tax credit worth up to $1,000 each year if they contribute to an individual retirement account or workplace plan such as a 401(k), 403(b) or 457.
Relying on tonight’s Mega Millions jackpot to fund your retirement?
Looking for ways to finance your retirement? If you’re like Jason Schutz of St. Cloud, Minnesota and you only have a 401(k) plan, you might have bought a lottery ticket for tonight’s record-breaking $640 million Mega Millions jackpot. In today’s USA Today, Schutz says that his only hope for retirement is to win the lottery. […]
