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.
Pension Rights Center Celebration of Retirement Superheroes
See photos from the event All photos provided by Liz Lynch One of our favorite times of the year is when we hold our “Retirement Security Superhero” celebration, honoring individuals who have made significant contributions to promoting retirement security for workers and retirees. This year, we were thrilled that more than 170 attendees joined us […]
Legislation proposes new PBGC funding source from QPAM fees
Legislation aimed at giving the PBGC more money for distressed multiemployer pension funds by imposing fees on asset managers that want to keep managing retirement plan assets following criminal convictions was introduced Monday by Sen. Tammy Baldwin, D-Wis.
As GE freezes pensions, observers say employees should consider finances carefully
John Phelps gives General Electric’s current CEO, Larry Culp, the benefit of the doubt. Phelps, a GE retiree who has tangled with management over changes to the company’s retiree health plans, isn’t surprised Culp has lately focused his cost-cutting efforts on the company’s pension plan
GE’s pension freeze raises a question: Should you take a lump-sum buyout or keep benefits?
General Electric is offering about 100,000 former workers a “limited-time option” to take their pensions in a lump sum. But experts say such buyout deals may not be as good as they seem.
GE’s Not Alone: 25 Companies That Owe $1 Trillion In Pensions
General Electric is getting out of the pension business — and is just the latest company to do so. But such efforts by S&P 500 companies only go so far. They’re still on the hook for hundreds of billions in pension obligations.
Tax breaks for seniors could widen gap between CT’s rich and poor
Connecticut has just begun a seven-year program to ease the tax burden on its elderly, a process that will provide nearly $170 million in annual relief by 2025.
GE froze pension benefits for thousands of employees. Here are 5 large companies that have done the same in the past.
General Electric froze pension benefits for thousands of employees on Monday, and it’s far from the first company to do so.
