Supreme Court Decision in Tibble a Victory for 401(k) Participants
WASHINGTON – On May 18, the U.S. Supreme Court ruled in favor of employees in Tibble v. Edison International, a class-action lawsuit filed by participants in the power company’s 401(k) plan. The plaintiffs argued that plan trustees violated their fiduciary duty by paying more than necessary for certain investments, which negatively impacted their account balances. […]
As Church Plan Debate Hits Next Level, 3rd Cir. Receives Competing Amicus Briefs
More than two years into a litigation effort challenging the way large hospitals run their pension plans, all eyes are on the U.S. Court of Appeals for the Third Circuit, which recently received a flood of amicus briefs arguing both sides of the debate.
Supreme Court decision should help lower 401(k) fees
In a decision that should put further downward pressure on 401(k) fees, the Supreme Court ruled unanimously Monday that the trustees in charge of such plans have an ongoing duty to monitor plan investments.
Speech by Karen Friedman at the Labor Fightback Conference 2015 (May 16, 2015)
Hello, Labor Fightback! Thanks for inviting me this evening to speak. I’m Karen Friedman, the executive vice president and policy director of the Pension Rights Center. We are a national consumer organization that has been around since 1976, working to promote and improve retirement security for American workers and their families. We work to close […]
More GOP Senators Press DOL to Extend Fiduciary Comment Period
Lawmakers on both sides of the aisle continue to pressure the Department of Labor to extend the comment period on its revised plan to amend the definition of fiduciary for retirement accounts.
Lawmakers Ask DOL’s Perez to Extend Fiduciary Comment Period
Lawmakers asked Labor Secretary Thomas Perez in two separate letters this week to extend by another 45 days the comment period on the Department’s redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.
Split with White House widens as Democratic lawmakers ask DOL to extend comment deadline on fiduciary rule
More than two dozen Democratic lawmakers are asking the Labor Department to extend the comment period on a controversial rule that would raise investment advice standards for brokers working with retirement accounts.
Older Americans Month 2015 – Helping older Americans get into the act
May 1 marked the start of Older Americans Month, a time when the aging services community highlights the country’s older Americans and the programs that serve them. Sponsored by the Administration for Community Living, the theme for this year’s Older Americans Month is “Get into the Act.” In my position as Digital and Outreach Director […]
A small victory in the war over pensions
Religious exemptions to pension guarantees have led to theft, but workers at one New Jersey hospital fought back
Pension Plan Clawbacks Becoming More Common In U.S.
In recent months, many seniors have been surprised to find that they have been the subject of a pension plan clawback, an action that is occurring more frequently across the United States.
Major Financial Players Lobby Around Obama’s Investment Rules
In the months since President Obama announced his support for new retirement investment rules that would stop advisers from pushing high-fee plans on small-fry American investors, several major financial organizations have lobbied hard on a bill that would undermine the commander in chief’s agenda, according to recently released lobbying records for the first quarter of […]
How to search for lost pension money
Dear Savvy Senior: What tips can you offer for tracking down a lost pension from a previous employer?
