PRC comments to the PBGC on interim multiemployer financial assistance guidance
PRC submitted comments to the Pension Benefit Guaranty Coorporation on the Interim Multiemployer Financial Assistance Regulation.
Congressional proposal would limit when retirees must return pension overpayments
For some retirees, getting a large pension payment can become a big problem. Let’s say a pension plan mistakenly has been paying a participant too much and requires the person to pay back the money, typically through reduced future payments.
Congress gets closer to addressing the issue of lost retirement plans
By Emily Gilbert Here at PRC, we often hear from people who worked for a company that has since moved, been bought, or gone out of business, and they cannot find their retirement plan. The good news is that Congress seems to be getting closer to addressing this issue. In May of 2021, Senators Elizabeth […]
PRC News, July 9, 2021
Multiemployer reform: We did it! For the past seven years, the Pension Rights Center has vigorously advocated – alongside tens of thousands of retirees and dozens of allied organizations – for a solution to the multiemployer crisis. We are thrilled to report that Congress passed legislation that will save multiemployer plans, protect the benefits of […]
IRS Again Extends Remote Witnessing for Retirement Plan Changes
The IRS has extended through June 30, 2022, remote notarization relief that gives retirement plans greater flexibility for participant elections that require a witness, such as 401(k) loan applications and spousal consent to changes in the distribution of survivor’s pension benefits.
The Savings Game: Congress needs to help pensioners find their money
For years, members of Congress have been trying to pass legislation that will allow the federal government to establish a centralized database to help retirees locate their pension and 401(k) plans.
Statement of Norman Stein Before the ERISA Advisory Council Working Group on “Gaps in Retirement Savings Based on Race, Ethnicity and Gender”
Norman Stein testified before the ERISA Advisory Council’s Working Group on “Gaps in Retirement Savings Based on Race, Ethnicity and Gender.”
Comments to the IRS on the 2021-2022 Priority Guidance Plan
PRC submitted comments to the IRS on the agency’s guidance agenda for the coming year.
Senators revisit bill to create retirement account lost-and-found
A bipartisan bill to create a national online lost-and-found database for retirement accounts has been reintroduced in the Senate.
PRC letter to the Committee on Ways and Means in support of the Securing a Strong Retirement Act of 2021
PRC sent a letter to Chairman Neal and Ranking Member Brady of the House Ways and Means Committee in support of the Securing a Strong Retirement Act of 2021, particularly the provisions that address issues related to recoupment and lost retirement plans.
Retirement Plan Literacy—Answers to Common Questions: Part III
By David Brandolph In this, the third part of our April financial literacy month series, we answer one more of the top five questions that the Pension Rights Center commonly gets from people looking for a comfortable retirement. Part I of the series can be found here; Part II here. Unless stated otherwise, answers relate to company or […]
Retirement Plan Literacy—Answers to Common Questions: Part II
By David Brandolph In this, the second part of our April financial literacy month series, we answer two more of the top five questions that the Pension Rights Center commonly gets from people about their retirement benefits (Part I can be found here). Unless stated otherwise, answers relate to company or union sponsored private-sector retirement plans. Being […]
