How to Find a Lost Pension Plan
Some people lose track of their pension plan from an old job. A company might merge with or be bought by another company and change its name, move to a new location in a different city or go out of business.
How to Choose Between a Pension and Lump Sum Payout
In the midst of a COVID-19-induced sales slump, Honda recently offered early retirement to some of its U.S. workers 55 and older.
Retirement Savers Could Be Put At Risk By Proposed Rollover Rule, DOL Warned
Retirement savers could be put at risk by a proposed Department of Labor rule on workplace retirement plan rollovers and lump sum distributions, DOL was warned today.
PRC News, August 28, 2020
Fixing the multiemployer crisis is more urgent than ever. The Treasury Department recently rejected an application from the American Federation of Musicians and Employers Pension Fund (AFM-EPF) to cut benefits under the Multiemployer Pension Reform Act (MPRA). Read our press release on the rejection, where Karen Friedman said, “Now [these retired musicians] can breathe a […]
The Savings Game: New retirement plan disclosure regulation not in consumer interest
On July 27, a new anti-consumer Labor Department regulation went into effect. The new rule gives retirement plans the right to quit mailing workers and retirees important disclosures on paper and simply send a notice by text or email telling them that key pension information is available on a website. Then it is up to […]
Housing As A Solution For The Retirement Crisis
There is a retirement crisis in the United States. We know this. What we don’t know is how to solve it. There are three pillars to retirement in the United States; your home, retirement/pension plans and social security. Independently, none of these are adequate for the average American.
Treasury Department rejects application by musicians’ pension fund to cut benefits – saving retirees’ pensions. Now it’s up to Congress to act!
Musicians across the country are cheering the U.S. Treasury Department’s decision Tuesday to reject the application filed by the Trustees of the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) to reduce their benefits. The Pension Rights Center joined more than 180 retired musicians, who were facing 40 percent cuts, in urging the Treasury […]
Comments to Department of Labor on proposed class exemption “Improving Advice for Workers and Retirees.”
PRC submitted comments to the Department of Labor on proposed class exemption “Improving Advice for Workers and Retirees.”
Advocacy Group Calls New Labor Department Rule ‘Anti-Consumer’
The Pension Rights Center (PRC), a pension advocacy group, has called a new Department of Labor (DOL) disclosure rule “anti-consumer,” saying it will adversely affect people’s ability to plan for retirement and prove their entitlement to benefits.
Pension Rights Center Calls on Retirement Plan Participants to “Ask for Paper!” in Response to New Anti-Consumer Labor Department Disclosure Rule
In response to the U.S. Department of Labor’s new anti-consumer “notice-and-access” disclosure regulation that goes into effect today, the Pension Rights Center is urging workers and retirees to tell their pension and 401(k) plans that they want to continue receiving their key retirement information on paper – not just by getting a text or email […]
Bricklayers’ pension plan between rock and hard place; retirees face steep cuts this fall
Dana Donohew began working with brick many decades ago at the age of 12, earning $40 a week, rain or shine, next to an uncle.
US Bill Would Create Lost and Found for Retirement Savings
US lawmakers have re-introduced a bipartisan bill intended to create a national online “lost and found” for Americans to track down lost retirement accounts as they move between jobs.
