PRC, National Women’s Law Center, and WISER comments to the Federal Retirement Thrift Investment Board on new TSP recordkeeping system
PRC, National Women’s Law Center, and WISER offered comments on the Notice of Proposed Rulemaking issued by the Federal Retirement Thrift Investment Board and the ways in which the Thrift Savings Plan’s new recordkeeping system will impact the rights of participants and beneficiaries. Read the full comments here.
PRC News, April 28, 2022
PRC launches new website. We’re excited to announce that our website has a new look and a new design, featuring several new sections to showcase our work and key issues to help you find what you are looking for. Do you need assistance with your retirement benefit? Our Find Help page can help you locate […]
Don’t Put Your Retirement Assets at Risk–Avoid Becoming a ‘Money Mule’
By David Brandolph Everyone needs to know about a type of financial scam that’s been exploding in frequency and could cause victims to lose their life savings, including their retirement nest egg. The scam uses “money mules” to hide or launder illegally obtained money. Money mules are people recruited by fraudsters to receive funds coming […]
PRC letter to the Committee on Ways and Means in support of specific provisions of the Securing a Strong Retirement Act of 2022
PRC sent a letter to Chairman Neal and Ranking Member Brady of the House Ways and Means Committee in support of specific provisions of the Securing a Strong Retirement Act of 2022, including those related to recoupment and the Retirement Savings Lost and Found.
Labor Department Sounds Alarm on 401(k) Cryptocurrency Investments
By Jane Smith The U.S. Labor Department’s Employee Benefits Security Administration (EBSA) has recently issued guidance warning about the risks involved in offering and using cryptocurrency as investment options in 401(k)-type retirement plans. In a Compliance Assistance Release issued March 10, the Department said it has “become aware of firms marketing investments in cryptocurrencies to […]
The Average Retirement Income in 2022
How are you going to pay for retirement? How is everyone else doing it? What is the average retirement income for 2022? Has it changed a lot from past years as we emerge from the pandemic? Are you anywhere close to average?
Butch Lewis Act Working to Protect and Restore Pension Benefits
By David Brandolph Substantial progress is being made in meeting the Butch Lewis Emergency Pension Plan Relief Act’s (Butch Lewis Act) objective of rescuing severely underfunded multiemployer defined benefit pension plans and reinstating benefits to thousands of plan members, many of whom have experienced devastating benefit cuts. The Road Carriers Local 707 Pension Plan in […]
Social Media Storm Celebrates PRC and Karen Ferguson
By Katie Jonckheer February 17th was a momentous day at the Pension Rights Center. As we wrote in our most recent blog, this day was PRC’s 46th anniversary and the birthday of our founder Karen Ferguson, who sadly died on December 23rd, 2021. To honor Karen’s legacy and celebrate the PRC, we spearheaded a Twitter […]
Consumer Groups and Others to Launch Retirement-Security-For-All Call for Action
For Immediate Release Tomorrow, February 17th, the consumer advocacy organization the Pension Rights Center and other like-minded groups will be celebrating PRC’s 46th anniversary. They will also be celebrating the birthday of the Center’s late founder, Karen Ferguson, who died in late December. On this special day, PRC will be joined by Social Security Works […]
A Day of Celebration and Resolve for Realizing PRC’s Vision
By David Brandolph February 17th will be a day to celebrate where the Pension Rights Center has been and where it’s heading. Not only is it the PRC’s 46th anniversary, it’s also the birthday of the Center’s founder and hero, Karen Ferguson, who sadly died on December 23, 2021. While we miss Karen deeply, we […]
Local 707 retirees in New York on road to getting benefits restored due to Butch Lewis Act and PBGC
For Immediate Release Contact: Karen Friedman, 202-296-3776 The Pension Benefit Guaranty Corporation (PBGC), the federal agency that backstops failing pension plans, recently announced some great news— that it has, for the fourth time in less than one month, approved financial assistance under the Butch Lewis Emergency Pension […]
Pension Rights Center Committed to Further Karen Ferguson’s Legacy
By David Brandolph The recent death of Karen Ferguson, the Pension Rights Center’s founder, president and revered leader for nearly 46 years, has been a painful blow not only to those of us who knew, admired and loved her, but also to the millions of current and future retirees and their families who benefited knowingly […]
