Pension Rights Center Comments Urge Treasury Department to Flunk Musician’s Fund Application to Cut Retirees’ Pensions
The Pension Rights Center (PRC) filed comments today on behalf of a group of retired musicians who will “forever lose 40 percent of their hard-earned pensions” if the U.S. Department of the Treasury approves a proposed cutback scheme filed by the Trustees of the American Federation of Musicians and Employers’ Pension Fund (AFM – EPF). […]
Comments to the US Treasury Department on the American Federation of Musicians & Employers Pension Fund’s application to cut retiree benefits (March 2, 2020)
The Pension Rights Center submitted comments to the U.S. Treasury Department on the American Federation of Musicians & Employers Pension Fund’s application to cut retiree benefits under the Multiemployer Pension Reform Act of 2016. Read the comments.
Getting a divorce? Skip the roses for Valentine’s Day – and protect your pension
By Karen Friedman Valentine’s Day is for love. Except when it isn’t. What happens when love fades, the marriage crumbles, and you end up getting a divorce? Well, one piece of important advice for the broken-hearted on this Valentine’s Day is to take care of yourself financially. This is particularly important when it comes to […]
Rescue of miners’ pensions gives hope to musicians, truck drivers and other retirees
By David Brandolph Retirees around the country cheered when congressional leaders included the Bipartisan American Miners Act of 2019 in a must pass end-of-the-year federal government spending bill signed by the President. The new law provides funds to pay the pensions of 92,000 retired miners. The money will come from surplus assets held in the […]
The nation’s pensioners have lost a great champion
By Karen Friedman Sometimes our blogs are about pensions. Today it’s about something more personal. Today we went to a memorial service for a Senate staffer who really mattered. Over 1,000 people – friends, family, Senators, staffers, pension and tax colleagues — packed a Senate room to pay their respects to Chris Allen, who died […]
Know The Rules Before You Roll Over Your Pension
The days of traditional pensions are coming to an end as companies continue turning to 401(k)s for employee retirement plans. Some members of today’s workforce, mostly Generation X and older, were lucky to be enrolled in blue-chip pension plans before they were no longer offered. However, new pension access has plummeted to 4% of the […]
Cutter Family Finances – What To Do If Your Employer Freezes Your Pension
General Electric (GE) announced earlier this month it was freezing pensions for 20,000 employees in an attempt to reduce its $8 billion pension deficit, and it’s also freezing supplementary pension benefits for about 700 workers.
My day at the Supreme Court
By Emily Gilbert Yesterday, the Supreme Court heard oral argument in Intel Corp. Investment Policy Comm. v. Sulyma. PRC had filed a friend-of-the-court brief in the case, and I was excited to get to be there in person. Oral arguments are open to the public, but there are usually only 20-30 seats available on a […]
PRC News, November 27, 2019
Happy Thanksgiving! We are grateful that thanks to you, we are able to help others. Here’s what we’ve been up to recently: Tackling the problems of getting court-awarded retirement benefits at divorce: One in five people who contact the Pension Rights Center for legal help are calling because they are struggling to obtain a share […]
Pension Rights Center Cries Foul Over DOL Electronic Disclosure Plan
The Pension Rights Center is urging the Labor Department to withdraw its proposed electronic disclosure rule, saying the plan makes it harder for workers to get the information they need to prepare for retirement and monitor their pension and 401(k) plans.
Prospects for electronic delivery sparking enthusiasm for more
The plan sponsor and record-keeper communities are thrilled with a new Department of Labor proposal that would permit default electronic delivery of retirement plan disclosures and would like to see it expanded further.
Comments to the Department of Labor on proposed rule for default electronic disclosure (November 22, 2019)
The Pension Rights Center submitted comments to the Department of Labor on proposed rule RIN 1210-AB90: Default Electronic Disclosure by Employee Pension Benefit Plans under ERISA. Read the full comments here.
