PRC Recommendations to IRS on Agenda Items for the 2022-2023 IRS Priority Guidance Plan
The Pension Rights Center submitted comments to the IRS requesting the agency to include in its Priority Guidance Plan several items to better protect consumers, including: (a) directing plans to provide former employees who leave before retirement with a single complete statement of their earned benefits ; (b) asking the agency to rethink its position on allowing plans […]
PRC letter to the IRS on OMB 1545–2187, Proposed Collection of Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits
The Pension Rights Center sent a letter to the IRS urging the Service to strengthen protections for “deferred vested” participants – those who have earned retirement benefits but have left their jobs before collecting benefits. The Center specifically asked the Service to change its guidance to require plan administrators to provide a single unified individual benefit statement […]
The truckers’ triumph: The incredible story of how a scrappy group of blue-collar retirees rescued their pensions
‘I had to get this fight done no matter what’: It took retired trucker Mike Walden nine years, but reinstated benefits recently started flowing to multiemployer pension participants across America.
How to Find an Old 401(k) Account
During the frenzy of leaving behind an old job and getting acclimated to a new position, rolling over your 401(k) plan isn’t always your first priority. Some people even lose track of a 401(k) plan at a former employer. Here’s what to do if you’re trying to find funds held in a previous employer’s 401(k) […]
PRC News, July 11, 2022
President Biden Celebrates the Butch Lewis Act on day PBGC issues final rule on law. President Joe Biden, surrounded by cheering workers and retirees, gave a heartfelt speech during a recent event in Cleveland that highlighted the importance of the Butch Lewis Emergency Pension Plan Relief Act (BLA). The President talked about the success of the […]
PBGC Issues Final Guidance on Butch Lewis Act
For Immediate Release The Pension Benefit Guaranty Corporation (PBGC) on July 8 released a long-awaited final rule implementing the Special Financial Assistance Program (SFA) under the Butch Lewis Emergency Penson Plan Relief Act (BLA). The BLA, passed in March 2021 as part of the American Rescue Plan Act, authorizes the U.S. Treasury Department to give […]
Pension Rights Center Supports Domestic Partner’s Claim for Survivor Benefits
By David Brandolph The Pension Rights Center is the Resource Center providing legal and strategic assistance to a network of six Pension Counseling and Information projects that assists people in 31 states get the retirement plan benefits they’ve earned. Recently, PRC worked with Madeleine Tabor, an attorney with the Western States Pension Assistance Project to […]
PRC letter to the Senate HELP Committee on the RISE & SHINE Act
The Pension Rights Center sent a letter to the Senate HELP Committee in support of specific consumer protections in the discussion draft of the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE & SHINE Act), but expressed disappointment that the discussion draft bill does not include the critical […]
Commentary: Money maze, as retirees become detectives to find ‘lost’ pensions
When Sam Semilia toted up his retirement finances, he was pretty sure that he was due a pension from his time working as a steam engineer for the Diamond Crystal salt company four decades before.
Pension Rights Center’s Founder Karen Ferguson Receives Award Posthumously Recognizing Her Importance to Employee Benefits Field
By David Brandolph The International Foundation of Employee Benefit Plans (IFEBP) recently bestowed its 2022 Public Service Award on the Pension Rights Center’s late founder and president, Karen Ferguson, who died in December. “Her life’s work was focused on challenging the systems in place to find a better path for a secure retirement,” Kevin E. […]
Karen Ferguson to Receive Honor from International Foundation of Employee Benefit Plans
For Immediate Release The Pension Rights Center is thrilled to announce that the International Foundation of Employee Benefit Plans will be giving its 2022 Public Service Award, posthumously, to Karen Ferguson, the Center’s beloved founder and former president, who died in December at age 80. The award will honor Karen for her lifetime of advocacy […]
PRC receives major cy pres award
By Karen Friedman The Pension Rights Center is a national nonprofit consumer organization that relies on your support to continue the important work we do. And we appreciate every contribution that we receive – large and small. Today we are especially grateful to have been chosen to receive a special kind of donation called a […]
