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.
Poverty and older Americans: A look behind the numbers
New data released by the U.S. Census Bureau contains information that may come as a surprise: Of the age groups surveyed (ages 18 and under, ages 18-64 and individuals age 65 and older), it was the group of Americans age 65 and older who have the lowest rate of poverty at 9.7 percent. The report, […]
Letter from PRC and the National Women’s Law Center to the Oklahoma state legislature on military pensions
September 10, 2009: Together with the National Women’s Law Center, the PRC sent a letter to the Oklahoma state legislature expressing concerns about proposed legislation that would change the way Oklahoma state courts divide military pension benefits.
As ERISA celebrates its 35th anniversary it is clear that there is still more to do
Labor Day marks the 35th anniversary of a law hailed by its principal sponsor Senator Jacob Javits as “the greatest development in the life of the American worker since Social Security.” Thanks to the Employee Retirement Income Security Act of 1974, millions of retirees are receiving the secure lifetime pensions that are making it possible for them to live comfortably […]
A surprisingly honest answer to a question about investing
Does successful investing guarantee a successful retirement? Not really. At least that’s the answer according to Evan Cooper, an editor for Investment News. Cooper is pondering retirement and has come to a surprising conclusion – at least we think it’s surprising, considering the source. Cooper writes that retirement income “will come from a combination of Social […]
Can we call you, Al?
When writer-comedian Al Franken was sworn in as Minnesota’s junior Senator on July 7, I was intrigued to hear that he will be serving on the Committee on Health, Education, Labor, and Pensions (also known as the Senate HELP Committee). Not surprisingly, this is one of the committees that we deal with the most, and I […]
In case you missed it
Here’s some of the latest news from the world of pensions: ▪ PlanAdviser reports that late last week the Senate confirmed Phyllis Borzi to head the Employee Benefit Security Administration as assistant secretary of labor. ▪ PRC attorney Rebecca Davis led a session in a National Women’s Law Center webinar titled What Women Need to […]
Older Americans Act celebrates an anniversary
Today marks the 44th anniversary of the Older Americans Act, a federal grant program that helps millions of older adults throughout the country. One of the programs funded by the Older Americans Act is the Administration on Aging’s Pension Counseling and Information Program, which supports regional pension counseling projects around the country. These nonprofit counseling projects provide […]
A retirement reality check
A new study released by the Ariel Education Initiative and Hewitt Associates and funded by the Rockefeller Foundation confirms what many researchers and retirement policy experts have known for a while now: When it comes to providing retirement income, 401(k) plans just aren’t cutting it for many minorities. The study finds that African Americans and […]
Relighting the match
Last week Zep Inc. announced plans to reinstate its 401(k) matching contributions. This move comes six months after the company suspended its match and cut executive pay to reduce costs. At the time, Zep’s CEO said that restoring the match would be the top priority when the company returned to profitability. Currently, Zep is restoring […]
