NPR: At the heart of the Boeing strike, an emotional fight over a lost pension plan
“There’s now a real recognition that workers want both good wages and good pensions,” said Karen Friedman, the executive director of the Pension Rights Center. “There’s a growing appetite for secure pensions, and I think we’re going to see more of it, honestly.”
InvestmentNews: At Boeing, pension plan is up in the air, and 401(k) is grounded
If the recent advocacy by unions shows anything, it’s that people would prefer the security of defined-benefit plans, said Karen Friedman, executive director at the Pension Rights Center.
Pension Rights Center Mourns Death of Board of Directors Member Ian Lanoff
The board and staff of the Pension Right Center were saddened by the death on September 29 of our long-time friend, colleague and esteemed board member, Ian D. Lanoff. He was 82. “Ian’s passing is an enormous loss not only to those who knew him, but to millions of Americans who will never know his […]
Ralph Nader Toasts the PRC on its 48th Anniversary
Vanguard’s Rosy 401k Study Doesn’t Reflect Reality for Most Americans
By David Brandolph A recent study from Vanguard found that the employees participating in the 401k plans that the large financial institution serves as recordkeeper increased their contributions to record levels in 2023, and automatic plan enrollment is boosting participation for younger and lower income workers. According to Vanguard, from 2014 to 2023, contribution rates for […]
Labor Day: Time to Honor Workers and Strive for Their Secure Retirement
By David Brandolph On this Labor Day, the Pension Rights Center rededicates itself to preserving and enhancing the retirement income security of American workers who, through their toil and perseverance, built our country and keep it running. Today, we’re also celebrating the 50th anniversary of the landmark federal private pension law, the Employee Retirement Income […]
Come celebrate our continued commitment to retirement security for all!
ERISA is turning 50 and the Pension Rights Center will be 48. Come celebrate our continued commitment to retirement security for all! Wednesday, October 16, 2024 5:30 pm – 7:30 pm Planet Word Museum 925 13th Street NW Washington DC You won’t want to miss this night. There will be toasts along with good food […]
More Than One Million Pensions Protected by Butch Lewis Act
By David Brandolph The Butch Lewis Emergency Pension Plan Relief Act (BLA) – a law enacted in 2021 to save workers’ and retirees’ pensions in severely financially challenged multiemployer plans – has surpassed a high-water mark of success. Due to a recent flurry of special financial assistance (SFA) approvals, BLA has now facilitated the protection […]
Just Say No to Automatic E-Delivery of Your Retirement Plan Records
By David Brandolph I just received a troubling letter from my 401k plan. It said I would no longer receive my plan statements and other important plan notices and disclosure documents in the mail. Instead, the plan would from now on be sending emails telling me to log in to my account on its website […]
LGBTQ+ Americans Face Retirement Inequities
Pride Month is observed each June to mark the 1969 Stonewall Uprising that sparked the LGBTQ+ rights movement in the United States. Celebrations are centered around building community, recognizing the progress made towards equality, and honoring those who have made that progress possible. But Pride Month is also an opportunity to reflect on the work […]
Philadelphia Inquirer: Dozens of Wanamakers Employees Never Got Their Pensions
Former Wanamakers employee Bill Whiting started a Facebook group and found more than 40 others who didn’t get their pensions.
WSJ: His Ex Is Getting His $1 Million Retirement Account. They Broke Up in 1989.
“Inertia has the upper hand,” said Norman Stein, a law professor at Drexel University and senior policy adviser at the Pension Rights Center.
