Testimony of the Pension Rights Center in support of S.B. 249, an Act Promoting Retirement Savings before the Committee on Labor and Public Employees of the Connecticut General Assembly (March 11, 2014)
On March 11, 2014, Karen Friedman testified in support of S.B. 249, An Act Promoting Retirement Savings, a proposal that would use the efficiences of the Connecticut state retirement system to administer a new retirement savings plan intended for low-income private-sector workers who are not covered by an employer-sponsored retirement plan. Senator Holder-Winfield, Representative Tercyak, […]
The Best 401(k)s Set a Higher Bar for Others
Every December for five years, BrightScope, a financial research firm based in San Diego, has published a list of the top 30 401(k) plans. These standouts provide, among other qualities, generous company contributions, quick access to that corporate money, low fees and a wide array of investment options.
“I am not Margaret Mead” [VIDEO]
Karen Friedman appears in this video about women and retirement that the Service Employees International Union created for Women’s History Month.
Boeing freezing nonunion workers’ pensions in 2016
About 10,500 nonunion Boeing employees in St. Louis will see their pensions frozen in 2016 as the company moves to limit its costs for employee retirement.
Karen Friedman appears on the Michael Finney Show [AUDIO]
PRC Executive Vice President appeared on the Michael Finney Show to talk about recent legislation that expands pensions and attacks on retirees benefits. Karen’s segment begins at approximately 24:40 into the program and lasts 15 minutes.
EXPLAINED: The nation’s retirement savings crisis, in two charts
One look at the chart above says all you need to know about the costs of retirement for public workers in San Jose, California’s third-largest city: They are soaring.
Evaluating 401(k) Plans in a House of Mirrors
Every few months, a financial services company releases numbers touting the success of 401(k) plans. 401(k) account balances are higher than ever! 401(k) plans are working just fine! There is no retirement crisis! However, like magicians, these firms don’t want you to see what’s behind the numbers. New reports from Fidelity Investments and the Vanguard […]
Protecting Detroit’s Pensioners Protects American Values
In one remarkable week in January, we saw the introduction of three proposals to expand retirement savings for the half of the workforce not covered by employer-sponsored plans: President Obama’s myRA, Senator Tom Harkin’s USA Retirement Funds Act, and Senator Bill Nelson and Senator Susan Collins’ Retirement Security Act.
Detroit: Protecting Pensioners is Key to the City
In one remarkable week in January, we saw the introduction of three proposals to expand retirement savings for the half of the workforce not covered by employer-sponsored plans: President Obama’s myRA, Senator Tom Harkin’s USA Retirement Funds Act, and Senator Bill Nelson and Senator Susan Collins’ Retirement Security Act. The merits of each proposal can […]
The Activist Awards
Suppose our country had another Academy Awards gala for citizen heroes – those tiny numbers of Americans who are working successfully fulltime in nonprofit groups to advance access to justice, general operations of our faltering democratic society, and the health, safety, and economic well-being of all citizens.
State’s leading business group down on proposed pension bill
The state’s leading business group is firing a warning shot about new legislation that would require Connecticut companies not providing retirement benefits to direct employees toward a state-sponsored program.
Dialed-up employee outcry causes AOL to dial back 401(k) changes
If you’re an AOL employee who went away for a long weekend you might have missed the hubbub about your 401(k) plan. Here’s a recap: On Thursday AOL announced that it would make its 401(k) matching contribution to workers’ 401(k) plans in one lump sum at the end of the calendar year. The outcry was […]
