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Missing Retirement Accounts Cost Retirees Billions

Read Kiplinger's Retirement Report article on lost retirement money Read here

Joint Select Committee requests public comments

Joint Select Committee focuses on multiemployer basics, asks for public comments Read our blog

Retirement tax breaks should benefit more people

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Dividing retirement benefits at divorce shouldn't be this hard

For many people going through a divorce, obtaining a fair share of a former spouse’s retirement benefit is essential to ensuring financial security in old age. This is especially true for individuals who worked in the home while they were married, caring for children or sick or elderly relatives. More...

Congress should read new PBGC report and act fast to solve multiemployer crisis

If Congress and the Joint Select Committee on the Solvency of Multiemployer Plans need any further proof that they should act to solve the multiemployer crisis, all they need to do is read the latest report from the Pension Benefit Guaranty Corporation (PBGC).

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A Stanley Cup Vision for Retirement

I went crazy with happiness last night when the Washington DC Capitals (Caps) beat the Golden Knights to capture the Stanley Cup, the beautiful silver trophy awarded to the team that wins the playoffs in hockey. The Capitals have waited 44 years for this win – and it couldn’t be sweeter for the teammates or their fans!

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Pension panic: Holland retiree told to repay $38K

When Adeline Reed received a letter from her pension fund telling her she’d been overpaid for nearly a decade, she was shocked.

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Pension counselors come to Washington D.C. for National Training Conference

Last week, we held our annual National Training Conference for the U.S. Administration on Aging Pension Counseling and Information Program. There are six regional pension counseling projects across the country that provide free legal help to people in 30 states who have retirement plan problems or questions. Every year, attorneys from the projects come to Washington D.C. More...

Joint Select Committee focuses on multiemployer basics, asks for public comments

On Wednesday, at the first hearing (and second public meeting) of the Joint Select Committee on Solvency of Multiemployer Pension Plans, one fact became abundantly clear: the problem of multiemployer plans is complex and finding a solution to the issue is also going to be a challenge. More...

Senate Lost and Found bill would help many retirees but would harm others

Originally introduced in 2016 by Senators Elizabeth Warren (D–MA) and Steve Daines (R–MT), the Retirement Savings Lost and Found Act of 2016 (S. 3078) would have been a great help to the many retirees who are now searching for their earned retirement benefits. The Pension Rights Center wholeheartedly supported that bill. Unfortunately, a new version of the bill introduced in 2018 (S. More...

New Efforts to Make Sure Pensions Are Paid

According to the investment management company TIAA, as of 2015, a full 30 percent of employees had abandoned a retirement account from a previous employer. The Government Accountability Office recently reported that from 2004 to 2013, more than 25 million employees left at least one retirement account behind.

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Joint Select Committee starts process to save multiemployer system

Today I went to the first public meeting of the newly-formed Joint Select Committee on Solvency of Multiemployer Plans. Based on the comments of Committee members we are hopeful that they will put aside their differences and work in a bipartisan fashion to develop a fair and comprehensive solution to the multiemployer crisis by year’s end.
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The Government Wants to Help You Find Your Missing 401(k)

As Americans worry about being able to afford retirement, billions in unclaimed retirement funds sit neglected in lost or forgotten accounts.

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