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Pension Counseling Projects highlighted during Older Americans Month
To celebrate Older Americans Month, the Pension Rights Center is showcasing the vitally-important work of the U.S. Administration on Aging's Pension Counseling and Information Program. Throughout the month of May, the Center’s website is highlighting success stories from the nation's six regional Pension Counseling Projects. The projects serve individuals in 29 states and have recovered more than $100 million in retirement benefits for their clients. Read the stories.

Wall Street Journal and Forbes focus attention on Pension Counseling Program

PRC director Karen Ferguson was quoted in “When Benefits Bite Back,” an article in this past weekend’s Wall Street Journal that describes the lack of recourse for employees who have been misled about their benefits. The article also informed readers about the services provided by the pension counseling projects. Last month the work of the projects was featured in an article in Forbes magazine. 

"Celebration of Superheroes" photos and video on PRC website

If you were one of the nearly 300 attendees at the PRC’s 35th anniversary – or if you're just curious – check out the slideshow and video of the night's festivities. Listen to the statements of Robert M. Ball-Lisle C. Carter Award recipients, Senator Charles Grassley, Senator Tom Harkin, Congressman George Miller, and former Retirement Research Foundation president Marilyn Hennessy. Watch Ralph Nader’s presentation of the 2011 Helen Quirini Activist Awards and learn about the launch of the Michael S. Gordon Fellows Program. See Conversation on Coverage awardees and hear the Retirement Security One-Night Band, featuring Pension Benefit Guaranty Corporation director Joshua Gotbaum, perform “We’ve Got Pensions!”

PRC supports proposed rule to end conflicts of interest in 401(k) plans

It is critically important that individuals giving advice to participants in 401(k) plans act solely in the interests of workers and retirees – and not to enrich themselves or their firms. For this reason, PRC strongly supports the Labor Department’s proposed regulation, which provides an updated definition of the term “fiduciary.” In February, we joined with the National Employment Lawyers Association to submit comments on the proposed rule. In March, PRC’s Senior Policy Advisor Norman Stein testified at a Labor Department hearing.  And in April, the PRC submitted additional comments on the rule.

Letter supporting military spouses in Oklahoma helps save their pensions

Current and former military spouses in Oklahoma can breathe a sigh of relief now that the Oklahoma State legislature has failed to pass a measure that would have hurt former spouses involved in military divorces. The bill would have rescinded retirement benefits awarded at divorce to former military spouses if they chose to remarry or live with a significant other. While the bill passed the Senate, lawmakers in the House were swayed by a letter from PRC and several women's groups. Read our blog to learn more.

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  Pension Rights Center
1350 Connecticut Avenue NW, Suite 206 | Washington, DC 20036 | (202) 296-3776