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 […]
EMPLOYEES, UNIONS AND ACTIVISTS CALL ON VERIZON TO STOP ITS PENSION FREEZE
Several Activities Held in Conjunction with Verizon’s Shareholders Meeting WASHINGTON – On the day of Verizon’s 2006 Annual Meeting of Shareholders, Verizon employees, retirees, labor unions and pension rights activists ramped up their efforts to protect workers and convince Verizon to overturn its decision to freeze pensions for salaried employees. Among the day’s activities: The […]
U.S. HOUSE OF REPRESENTATIVES VOTES TO PROTECT OLDER WORKERS
Motion to Instruct Conferees on Pension Legislation Passes 248-178 WASHINGTON – Members of the U.S. House of Representatives voted yesterday to instruct conferees working on pension reform legislation to support provisions of the Senate bill that protect older workers when a company switches from a traditional pension plan to a cash balance plan. The Motion […]
“PROTECT WORKERS AND RETIREES,” SAYS PENSION RIGHTS CENTER TO HOUSE AND SENATE CONFEREES
Letter Outlines Consumer Group’s Positions on Key Issues in Pension Legislation WASHINGTON – In a letter delivered today to every member of the Congressional conference committee working on the pension reform legislation, the Pension Rights Center called on the lawmakers to take into account the concerns of millions of employees and retirees, and asked them […]
ATLANTIC PHILANTHROPIES AWARD CHAMPIONS RETIREMENT SECURITY FOR OLDER ADULTS
Million-Dollar Grant Awarded to the Pension Rights Center WASHINGTON – Consistent with its goal of improving the lives of older Americans, The Atlantic Philanthropies have awarded the Pension Rights Center a $1,000,000 grant over 15 months. The grant will enable the Center to develop a comprehensive strategic plan, expand organizational capacity, and expedite the development […]
Two simple ideas for improving DC plans
There are two proposed pieces of legislation sitting in Congress that would seem to be no-brainers for helping people save for retirement and helping advisers help their clients.
WWW.VERIZONRETIREMENTWATCH.COM ESTABLISHED TO HELP VERIZON EMPLOYEES FIGHT PENSION FREEZE
WASHINGTON – In the wake of Verizon’s announcement that it will freeze its pension plan for salaried workers, the Pension Rights Center and the Communication Workers of America have joined together to launch a new web site, www.VerizonRetirementWatch.com. The site is a clearinghouse of information on Verizon’s actions, a forum for employees to communicate with […]
Labor Department Gets Tough
The Department of Labor showcased a new enforcement project against employers that delay or fail to forward employee contributions to retirement and contributory healthcare plans by filing two dozen lawsuits across the nation earlier this week.
The 401(k) pays off for a lucky few
For some workers, 401(k)s pay off; for others, not so much.
