PENSION CUTBACK NOTICES NO APRIL FOOL’S JOKE
New Fact Sheets Help Workers Understand Possible Benefit Cuts WASHINGTON – As of April 1, workers in some traditional pension plans will start to receive notices telling them that they will not receive all of the benefits promised by their plan. The Pension Protection Act of 2006 requires certain “underfunded” pension plans to reduce their […]
The Pension Rights Center Mourns the Death of Senator Howard Metzenbaum
WASHINGTON – The Pension Rights Center issued the following statement on the death of former Senator Howard Metzenbaum. The Senator, who was honored as a “Pension Champion” at the Center’s 20th anniversary celebration in 1996, died yesterday at the age of 90. “Senator Metzenbaum was a wonderful man and an extraordinary advocate for the pension […]
Pension Rights Center Statement on the Supreme Court’s Decision in LaRue v. DeWolff
WASHINGTON – The Pension Rights Center is pleased by today’s decision by the Supreme Court in LaRue v. DeWolff, Boberg & Associates, Inc. The Center, the nation’s only consumer organization dedicated solely to protecting and promoting the pension rights of workers, had filed an amicus brief in support of the plaintiff, James LaRue. Former Labor […]
Statement from the Pension Rights Center on the Death of Robert M. Ball
WASHINGTON – The Pension Rights Center joins retirement security advocates throughout the country in mourning the death of Robert M. Ball, the nation’s foremost champion of Social Security, who died on January 29 at the age of 93. Bob Ball served on the Center’s Board for 20 years, from 1984 until 2004, when he moved […]
THE PENSION RIGHTS CENTER SPEAKS IN FAVOR OF THE RESTORING PENSION PROMISES TO WORKERS ACT OF 2007
WASHINGTON – At a press conference on Capitol Hill today, Senator Tom Harkin (D-Iowa) announced the introduction of the Restoring Pension Promises to Workers Act of 2007, legislation to protect America’s pensions. Karen Friedman, policy director for the Pension Rights Center, spoke at this press conference. Read her statement.
MAJOR GRANT HIGHLIGHTS IMPORTANCE OF RETIREMENT SECURITY
The Atlantic Philanthropies Award Pension Rights Center $6 Million Grant WASHINGTON – As part of its commitment to improving the lives of older adults, The Atlantic Philanthropies have awarded the Pension Rights Center a $6 million grant over five years to support the Center’s work to promote secure, adequate, and equitable retirement income for all […]
GROUNDBREAKING PROPOSALS FOR INCREASING RETIREMENT SAVINGS RELEASED BY DIVERSE COALITION OF EXPERTS
WASHINGTON, May 11, 2007 – The Conversation on Coverage, an unprecedented public policy initiative to expand pensions and retirement savings, released its final recommendations today at the National Press Club. Covering the Uncovered: Final Report of the Conversation on Coverage offers innovative common-ground proposals to increase pension coverage and retirement savings for American workers – […]
PENSION COUNSELING PROJECTS REAUTHORIZED
President Bush Signs Older Americans Act WASHINGTON – The ability of the nation’s retirees to get their earned pension benefits was strengthened this week, when President Bush signed H.R. 6197, the “Older Americans Act Amendments of 2006,” into law. The Pension Rights Center, the nation’s only consumer organization dedicated solely to protecting and promoting the […]
STATEMENT ON THE SIGNING OF THE PENSION PROTECTION ACT OF 2006
WASHINGTON – President Bush signed H.R. 4, the Pension Protection Act of 2006, into law today. The following is a statement from Karen Ferguson, director of the Pension Rights Center. “The so-called ‘Pension Protection Act of 2006’ is a great disappointment. It wipes out key protections for workers and moves retirement policy in the wrong […]
PENSION BILL FALLS SHORT FOR WORKERS
Pension Rights Center Urges Senate to Make Changes WASHINGTON – The Pension Rights Center called on the U.S. Senate today to amend the House-passed pension bill, the Pension Protection Act of 2006 (H.R. 4), to strengthen protections for workers. The Center is the nation’s only consumer organization dedicated solely to protecting and promoting the retirement […]
PENSION RIGHTS CENTER LAUNCHES USER-FRIENDLY WEB SITE
WASHINGTON – The Pension Rights Center, the nation’s only consumer organization dedicated solely to protecting and promoting the retirement security of American workers, retirees, and their families, has launched its newly designed web site, www.pensionrights.org. The new site offers greatly expanded information on pension issues, while incorporating user-friendly design elements. “Our new web site is […]
PENSION BILL CONFEREES WARNED THAT HOUSE PROVISIONS ON CASH BALANCE ISSUES DO NOT PROTECT OLDER WORKERS
Worker/Retiree Rights Groups Urge Inclusion of Senate Provisions on Cash Balance WASHINGTON – Three national advocacy groups warned the members of the congressional conference committee working on the pension reform legislation that the House provisions on cash balance pensions would encourage discrimination against older employees. In a letter sent to every conferee on Friday, the […]
