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Corporate titans campaign to increase workers’ pay and pensions
April 1, 2014 – Many of the country’s highest-paid CEOs have decided to give up their exorbitant compensation packages to pay their workers better wages and higher pensions. This announcement comes as...
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Dancing through retirement
I was struck by a recent Wall Street Journalarticle about a new craze overtaking China: retirees all across the country are “getting down,” having dance parties in parks, courtyards, and other public...
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May is Older Americans Month
May is Older Americans Month, a time to celebrate the contributions older Americans have made to society – and to focus attention on the many services available to older Americans as a part of the...
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Breaking Pension Promises is No Solution at All
Complexity is to be expected when discussing an issue like pensions. So for the moment let’s make things simple: 150 to 200 multiemployer plans are severely underfunded and may run out of money in 15...
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Senator Harkin Introduces Legislation to Protect Whistleblowers
Senator Tom Harkin (D-IA) is leading the way in Washington when it comes to championing the rights of current and future retirees. His proposal for USA Retirement Funds has received widespread acclaim...
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Unemployed today, no retirement savings tomorrow
Last week, I accompanied Karen Friedman to Witness Wednesday, where she spoke about the fact that too many people who have lost their jobs and whose unemployment benefits have expired have had to dip...
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Pensions lost and (hopefully) found
Imagine earning a pension after many years of hard work with a company. Then you leave your employer before retiring and without claiming your pension. When you reach retirement age, you expect to be...
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The Case of the Deleted Social Security Data: Why It is Bad for Workers and...
In their 2014 report on the finances of Social Security, the trustees of the system deleted key information on the replacement rates of Social Security. What’s the harm in that, right? Isn’t this just...
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Happy 40th, ERISA!
Forty years ago this week, bell-bottom jeans were still in style, the Vietnam War was coming to a close, and Watergate was still riveting the nation. Against this backdrop of social unrest, there was...
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High marks for retirement plans
This week, President Obama unveiled his economic fixes for the middle-class. Among them was a proposal for Automatic IRAs, which he has championed since the Administration’s early days. While the...
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PBGC report highlights importance of pension counseling
We at the Pension Rights Center have long recognized the important role that U.S. Administration on Aging’s Pension Counseling and Information Program (PCIP) plays in protecting the legal rights of...
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President Obama calls for new consumer protections
At a briefing hosted by AARP yesterday, I had the privilege of watching President Obama announce his support for a proposed rule to put a brake on conflicts of interest in investment advice for...
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Spouses should have a say in whether survivor benefits will be provided
A recent New York Post article drew attention to a widow facing a tragic situation. Her husband, a retired police officer, had taken his own life. Without going into the grisly details of the case, her...
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Signed, Sealed and Delivered! 1,500+ comments delivered to the Internal...
Yesterday afternoon, Karen Friedman, Nancy Hwa and I hand-delivered more than 1,500 comments to the Internal Revenue Service. These comments were in response to the Treasury Department’s Request for...
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Glimmers of hope for victims of unfair pension takebacks
In a recent article, “Can They Grab Your Pension?”, AARP Bulletin highlights the problem of recoupment – when a pension plan overpays a retiree and then demands that the retiree pay back the...
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A "Gettysburg Address" on pension promises
Last week, I spoke to an auditorium full of economics and public policy students at Gettysburg College, as part of the Economics Department’s Finance Symposium. This year’s topic: "Re-Defined Benefits:...
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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...
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New statistics show a different type of income inequality
Lately, there’s been a lot of talk about income inequality– the increasing gap between our society’s highest-paid workers and the lowest-paid. Generally the term “income inequality” is used to...
View ArticleAn amazing "Day of Action"
To help retirees around the country fight back against proposed reductions in their hard-earned pensions, the Pension Rights Center organized a “day of action” on September 10. The day was an amazing...
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Central States Pension Fund announces proposed pension cuts
In the last few days we at the Pension Rights Center have been inundated with calls from retirees who are receiving letters from their pension plan informing them that their pension is slated to be cut...
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