Forbes: One Easy Way To Boost Your 401(k) Account, Starting Now
“Participants who withdraw plan funds to cover non-retirement expenses,” notes the Pension Rights Center, “no matter how justified, are shortchanging their future. Every dollar withdrawn will no longer be in the account where it can grow tax deferred. That lost principle, combined with the loss of potential interest and investment gains over what could be […]
Pension Rights Center Statement for Senate HELP Committee
The Pension Rights Center’s Executive Director, Karen Friedman, submitted the statement for the committee’s February 28 hearing titled “Taking a Serious Look at the Retirement Crisis in America: What Can We Do to Expand Defined Benefit Plans for Workers.”
Pension Rights Center Informs Senate Committee on Solutions to Retirement Crisis
The Pension Rights Center submitted a statement today from its Executive Director Karen Friedman telling the Senate, Health, Education, Labor and Pension Committee that “too many Americans are and will be facing an inadequately funded retirement with all the hardships that entails.” PRC, a nonpartisan, consumer organization that works to protect and promote the retirement […]
Pensions & Investments: Congress should reject attempts to block fiduciary rule using spending bills – coalition
The Save our Retirement Coalition — made up of nine organizations, including AARP, AFL-CIO, Better Markets and Pension Rights Center — specifically asked that Congress reject any appropriations riders aimed at prohibiting the use of funds for finalizing, implementing or enforcing the Labor Department’s proposed rule in a letter dated Feb. 15, sent to Senate […]
More Resources Now Available for Finding Lost Retirement Plan Benefits
By Jane Smith There is a new resource for the many people who are entitled to retirement plan benefits but can’t locate their former employer to claim those benefits. Those searching for benefits can start by checking out the “Find Unclaimed Retirement Benefits” search tool on the Pension Benefit Guaranty Corporation’s (PBGC) website. This tool […]
A (Belated) Valentine’s Day Message from the PRC
As you polish off the rest of your Valentine’s Day chocolates, we wanted to take a moment to share our love and appreciation for all of you. Because of your tireless support, we’re able to take our fight for retirement security to the halls of Congress, the hearing rooms of regulatory bodies, and beyond. Your […]
SOR Coalition Opposes Appropriations Riders to Proposed Retirement Security Rule
The Save Our Retirement Coalition issued a letter voicing our opposition to appropriations riders that would prohibit the use of funds to finalize, implement, or enforce the Department of Labor’s (DOL) proposed Retirement Security Rule.
Our 2024 Resolutions Reflect our Commitment to Retirement Security for All
By Karen Friedman The New Year is always a great time to take stock and resolve to do better. I’m already making headway on my personal goals of hitting the gym, eating healthier (mostly), and generally getting in better shape. Our resolutions at the Pension Rights Center, however, are a bit more ambitious. We’re working […]
Forbes: Why You Should Demand A Guaranteed Pension From Your Employer
“What’s fueling this desire for pensions?” asks David Brandolph at the Pension Rights Center. “Workers are increasingly dissatisfied with the shortcomings of 401(k)-type plans that require do-it-yourself investing.”
PRC Stands With Coalition To Urge DOL To Finalize Fiduciary Rule
The Pension Rights Center, alongside a group of over forty organizations and individuals, expressed strong support for the DOL’s Retirement Security Proposal, which would strengthen protections for retirees and workers who seek professional investment advice.
PRC Advocates for Conflict-Free Investment Advice
The PRC expressed strong support in written comments for a proposed DOL rule that would ensure that investment professionals who give retirement-related financial advice do so in the best interests of workers and retirees. Read our full comments here.
Return of Traditional Pension, Use of Hybrid Structures Touted in Media
By David Brandolph Lately, private-sector traditional defined benefit plan pension plans have been getting some well-deserved attention in the media. Articles in the New York Times and Wall Street Journal have been reenforcing what we already knew–that American workers value the guaranteed lifetime income offered by traditional defined benefit plan pensions. But these articles also […]
