Speech given by Karen Ferguson on the future of defined benefit pension plans
December 7, 2009: PRC Director Karen Ferguson spoke at a policy forum on the future of defined benefit pension plans. The forum was sponsored by the Pension Benefit Guaranty Corporation in celebration of the 35th anniversary of ERISA and the establishment of the PBGC.
PRC letter in support of the Retirement Fairness Act of 2009
November 18, 2009: PRC Director Karen Ferguson and Executive Vice President and Policy Director Karen Friedman wrote a letter in support of the Retirement Fairness Act of 2009 (H.R. 4126) introduced by Representative Lloyd Doggett.
Senators…Keep your hands off Social Security
Senators Kent Conrad and Judd Gregg, the leaders of the Senate Budget Committee, are proposing to set up a commission that they argue is necessary to address tough budgetary issues. In reality though, the proposed commission is likely to force Congress to make destructive cuts in Social Security. Their plan is to establish a commission with equal representation of […]
On this day…
On this day in 1981, the final regulations for 401(k) plans were issued. What better day than today to look back at what we’ve written on 401(k) plans? Here’s our top 10 list: ▪ TIME Magazine says, “Time to Retire the 401(k)” ▪ A retirement reality check ▪ Mother Jones for Mother’s Day ▪ The Office gets a 401(k) […]
PRC testimony on pension funding relief to the Senate HELP Committee (October 29, 2009)
Karen Friedman testified before the Senate Health, Education, Labor, and Pensions Committee on “Pensions in Peril: Helping Workers Preserve Retirement Security Through a Recession.” In her testimony [PDF], Friedman asked Senators to ensure that workers’ and retirees’ interests are protected when considering pension funding relief legislation.
TIME Magazine says, “Time to Retire the 401(k)”
With the provocative title, “Time to Retire the 401(k),” the cover story of today’s issue of TIME is a must-read. The article provides a stinging indictment of the do-it-yourself savings plan that has come to dominate our patchwork retirement system. Author Stephen Gandel writes If you have even peeked at your account statements in the […]
Happy International Day of Older Persons!
Did you know today is the International Day of Older Persons? We don’t want today to go by without pointing out two shocking facts that were highlighted recently by the Organisation for Economic Co-Operation and Development (OECD) in Pensions at a Glance 2009: Retirement-Income Systems in OECD Countries. This report looks at current trends and […]
Testimony of Norman Stein to the House Ways and Means Committee on pension funding relief (October 1, 2009)
Senior Policy Advisor Norman Stein testified on behalf of the Pension Rights Center before the House Ways and Means Committee on providing pension funding relief to companies that continue their pension plans.
Military pensions and divorce: How a bill pending in Oklahoma could affect military pensions everywhere
Earlier this month, the Pension Rights Center, along with the National Women’s Law Center, sent a letter to the Oklahoma state legislature urging it to defeat a bill that could dramatically alter the way the state’s divorce courts treat military pensions. The Oklahoma state legislature is considering legislation that would change state law and affect […]
PRC mourns the death of a longtime board member
The nation has lost a great champion for retirement security, and the Pension Rights Center has lost a great friend. The Center was honored to have Lisle C. Carter, Jr. serve on our board of directors for more than 20 years. Read our tribute to Lisle and the Washington Post article about him.
Testimony of Norman Stein to the ERISA Advisory Council on the current state and the future of the retirement system (09/17/2009)
Senior Policy Advisor Norman Stein testifies to the ERISA Advisory Council on September 17, 2009.
PRC testimony to the ERISA Advisory Council on disclosures to participants and beneficiaries in retirement plans
September 15, 2009: Staff Attorney Rebecca Davis and Policy Associate Jane Smith testified on disclosure issues before the ERISA Advisory Council.
