“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.
Think the government is after your 401(k)? Think again.
By Kyle Garrett Have you heard that the government is planning to seize your 401(k) and use the money to send monkeys to Mars? Well, we haven’t heard about the monkey part, but some people are making the claim that the government is gunning for workers’ 401(k)s. Let’s start with the facts. First, two governmental agencies (the […]
Statement of Norman Stein on “Building a Secure Future for Multiemployer Pension Plans” (May 27, 2010)
Pension Rights Center Senior Policy Adviser Norman Stein testified about safeguarding the financial health of multiemployer plans at a hearing before the Senate Health, Education, Labor, and Pensions Committee.
Social Security matters to America’s budget – Don’t cut it!
By Joellen Leavelle Over the last few months you’ve probably heard reports about the president’s fiscal commission. Word around town is that this secretive commission, with its stated goal of reducing the federal deficit, is seriously considering cuts to Social Security. Instead of looking at ways to reduce Social Security, the deficit commission should think of […]
