Statement of the Pension Rights Center on “Saving Smartly For Retirement: Are Americans Being Encouraged to Break on the Piggy Bank”
July 16, 2008: The Pension Rights Center’s statement [PDF] to the U.S. Senate’s Special Committee on Aging for its hearing on “Saving Smartly for Retirement: Are Americans Being Encouraged to Break Open the Piggy Bank?”
The good news about public pensions
Too often we hear bad news stories about how public pension plans are underfunded and that they’re a drain to taxpayers. But a congressional hearing last week told a different story. The hearing, Your Money, Your Future: Public Pension Plans and the Need to Strengthen Retirement Security and Economic Growth, focused on how public sector […]
MetLife and Benefit Denials: The Good, the Bad and the Ugly
Last month, the United States Supreme Court addressed the issue of how courts should review a benefit plan’s denial of an application for benefits. The results were mixed for workers and retirees. A little background first. An employee submits a claim for benefits from a pension, disability or health plan. The plan’s claims administrator denies […]
Cashed Out: Congress might make it easier for people to dip into their 401(k)s
By Joellen Leavelle In down economic times, it isn’t uncommon for people to feel the urge to dip into their assets to help make ends meet. Therefore, it isn’t a surprise to hear that more and more people are borrowing from their 401(k) plans for a little extra cash. Some people are even paying hefty […]
How do you get young people thinking about pensions?
Investment & Pensions Europe reports on a Swedish company’s efforts to address this perennial question. They ran a multi-media ad campaign that was creative enough to win an international advertising award. (An explanation of the campaign that was prepared for the competition was posted on YouTube and can be viewed here.) The advertising bureau behind […]
Does Gannett’s pension freeze leave its employees in the cold?
By Rebecca Davis You may have read that last week newspaper publisher Gannett announced that it will freeze its pension plan for all employees as of August 1, 2008. The company announced the freeze and details of its plan to “enhance” the company 401(k) in a memo sent to employees. Gannett is just one of […]
Karen Friedman’s statement at “Protecting Employees and Retirees in Buisness Bankruptcies Act Of 2007”
June 5, 2008: Policy Director Karen Friedman’s testimony [PDF] on the “Protecting Employees and Retirees in Business Bankruptcies Act of 2007” before the Subcommittee on Commercial and Administrative Law of the House Committee on the Judiciary.
PRC comments to EBSA on a proposed model notice for multiemployer plans in critical status (04/24/2008)
The Pension Rights Center submitted comments to the Employee Benefits Security Agency on a proposed model notice for multiemployer plans in critical status. The Center urged the Department of Labor to focus on the needs of those receiving the notice, when coming up with final regulations.
Testimony of Norman Stein on “Securing Retirement Coverage for Future Generations”
November 8, 2007: Professor Norman Stein’s testimony [PDF] on behalf of the Conversation on Coverage (a PRC initiative) at a Congressional hearing on “Securing Retirement Coverage for Future Generations.”
Rebecca Davis’s testimony before the ERISA Advisory Council Working Group on Participant Benefit Statements
September 18, 2007: PRC Staff Attorney Rebecca Davis’s testimony [PDF] before the ERISA Advisory Council Working Group on Participant Benefit Statements.
Speech given by Karen Friedman on the introduction of S. 1725, the Restoring Pension Promises to Workers Act of 2007
June 28, 2007: Karen Friedman’s speech on the introduction of S. 1725, the Restoring Pension Promises to Workers Act of 2007.
Karen Friedman’s speech at the IRS-ASPPA Mid-Atlantic Benefits Conference
May 9, 2006: Karen Friedman’s speech at the IRS-ASPPA Mid-Atlantic Benefits Conference.
