Speech Given by Karen Friedman about the work of Retirement USA (November 10, 2010)
PRC Executive Vice President and Policy Director Karen Friedman spoke about the work of Retirement USA at a briefing on the failures of the 401(k), sponsored by Dēmos, the Economic Policy Institute, the Schwartz Center for Economic Policy Analysis at The New School, and the Pension Rights Center.
A sobering thought on International Day of Older Persons
October 1 is International Day of Older Persons, a day to raise awareness about issues affecting older people and to appreciate the contributions they make to society. So it is fitting that today we look at how older Americans are faring in retirement. One way to measure the wellbeing of the elderly is to measure […]
“Wake Up, Washington!” on Women and Retirement
As we approach the end of the second week of Retirement USA’s “Wake Up, Washington!” Month” we have learned a great deal about the challenges women face in retirement. Women face special challenges because they make less than men and spend less time in the workforce. Yet they typically live longer than men, requiring more […]
“Wake Up, Washington!” launch
This morning things were abuzz at the National Press Club as Retirement USA (an initiative of the Pension Rights Center and other partnering organizations) launched “Wake Up, Washington!” Month. The month is dedicated to raising awareness among policymakers about the Retirement Income Deficit faced by millions of Americans. We learned that the Retirement Income Deficit […]
PRC testimony to the Departments of Treasury and Labor on lifetime income options in 401(k) plans (September 14, 2010)
PRC Legislative Counsel Rebecca Davis testified before a joint hearing of the Departments of Treasury and Labor on the importance of lifetime income options in 401(k) plans.
Spike in 401(k) loans and withdrawals
Thinking about tapping into your 401(k) early? Think again – at least if you want a shot at a secure retirement. In a recent report, Fidelity Investments notes that the percentage of Fidelity customers who borrowed from their 401(k)s increased over the past year from nine to 11 percent. Currently, a whopping 22 percent of account […]
Happy 75th, Social Security!
Our birthday present to you is that we are going to stop policymakers from chopping you to pieces. Social Security, you’ve been providing an economic lifeline that millions of Americans rely on. It’s too bad that on your 75th birthday, you’re under siege like never before. What a bunch of ingrates, right? You’ve become so […]
Rebecca Davis and Amy K. Matsui on the importance of guaranteed retirement income to women (August 3, 2010)
In a commentary for BNA Pension & Benefits Reporter, PRC Legislative Counsel Rebecca Davis and National Women’s Law Center Senior Counsel Amy K. Matsui discuss the importance of guaranteed retirement income to women.
Presentation given by Karen Friedman to a retirement income roundtable about Retirement USA
July 27, 2010: PRC Executive Vice President and Policy Director Karen Friedman gave a presentation about Retirement USA to a Retirement Income Roundtable that was convened by members of the Commission on Fiscal Responsibility.
And the rich get richer…
Certain rules in the Internal Revenue Code are designed to prevent employers from discriminating against non-highly paid employees in their pension plans. Unfortunately for the retirement security of their employees, some employers look for ways to get around the nondiscrimination rules. Instead of sponsoring pension plans that treat all participants equally, some employers circumvent the rules […]
Statement of Karen Friedman on restoring 401(k) fee disclosure provisions to the American Jobs and Closing Tax Loopholes Act of 2010 (June 16, 2010)
PRC Executive Vice President and Policy Director Karen Friedman spoke at a press conference calling on the Senate to restore 401(k) fee disclosure provisions to H.R. 4213.
PRC letter to the U.S. Senate regarding 401(k) fee disclosure provisions in H.R. 4213
June 8, 2010: The Pension Rights Center sent a letter to Senator Max Baucus and the rest of the U.S. Senate, expressing its strong support for provisions in H.R. 4213 that require better disclosure of 401(k) fees.
