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.
Consumer advocacy group asks Labor Department to withdraw proposal that would curtail employees’ receipt of important retirement plan information
November 20— The Pension Rights Center, a nonprofit consumer advocacy organization, charges that a new proposed Labor Department regulation would undermine the rights of workers and retirees to receive critical retirement information. The Department of Labor, the agency charged with protecting workers’ and retirees’ retirement rights, should withdraw its proposed rule (Default Electronic Disclosure by […]
Labor Department proposes to send you down a rabbit hole to find your retirement information
By Karen Friedman The Department of Labor, the agency charged with protecting workers’ and retirees’ retirement rights, wants to adopt a new rule that would make it harder for you to get the information you need to plan for your retirement and watchdog your pension or 401(k) plan. The deadline for the public to respond […]
Intel Corp. Investment Policy Committee v. Sulyma to shape ERISA fiduciary lawsuits
Washington, DC — On December 4, the US Supreme Court will hear arguments in an ERISA lawsuit that may have lasting implications for the ability of plan participants to sue over mismanagement of retirement funds.
Falling interest rates wreak havoc in US pension system
Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities
Not receiving the pension you deserve? There’s help
Many people are entitled to pensions that they are not receiving. It may seem strange, but this is often because they don’t know they are eligible for a pension.
