Pension Action Center | Gerontology Institute 
The Pension Action Center has:
  • Helped over 7,600 workers and retirees 
  • Recovered more than $50 million in benefits
In This Issue
New fact sheet published as part of Investor Education program
Planning for your retirement is an active and ongoing endeavor. It requires a certain amount of diligence and knowledge to ensure you have an adequate amount of financial stability at retirement. In order to safeguard your economic security, it is important to know if you are getting the most out of your 401(k) retirement savings account.
 
This fact sheet provides basic information about enrolling in a 401(k) retirement savings account and important items to keep in mind once you are enrolled.
 
bEfforts to Save Important Plan Documents Successful

The New England Pension Assistance Project and the Pension Rights Center applaud government agencies for rescuing SPDs 

Summary Plan Descriptions (SPDs) Summary Plan Descriptions (SPDs) are plain-English summaries of employee benefit plan rules, which can be critical in helping retirees, widows, and widowers prove that they are entitled to benefits from their pension plans or the Pension Benefit Guaranty Corporation (PBGC). 

The Pension Action Center's New England Pension Assistance Project and the Pension Rights Center, in Washington, DC, were recently involved in a successful effort to save a large archive of SPDs that were set be destroyed.
cCenter's Suggestions Incorporated into New Pension Benefit Guaranty Corporation (PBGC) Report
"I'm hopeful that we can develop a more compassionate and respectful approach"
Connie Donovan, the PBGC's participant and plan sponsor advocate, recently submitted her first annual report. One of her roles in this newly created position is to help resolve persistent problems between plan participants and the PBGC.

Her inaugural report includes some very helpful recommendations about improving how the PBGC interacts with participants and their representatives, such as the Pension Action Center. 

Pension Action Center's work highlighted in local and national media 

AARP Bulletin, February 28, 2015

Persistent UMass Center Helps Retirees Track Down Pensions
This article includes a great client success story!  
Boston Globe, February 22, 2015

Courtney: Six More Triangle Employees Claim Lost Pension Benefits
The Norwich Bulletin, December 29, 2014

Former Triangle Wire Workers Fight to Retain Pensions
The Norwich Bulletin, December 24, 2014

Decision on Pension Payout Will Last a Lifetime
Boston Globe, December 20, 2014 

eYou Can Make A Difference in the Lives of Retirees - Donate Today

The center's cases are managed by four pension counselors and two attorneys. Our staff, although small, works tirelessly for weeks, even years, to obtain pension benefits for our clients. In fact, for every dollar that we have received of federal, state, and foundation support, we have recovered $14 dollars in pension benefits for our clients.

 

You can help us to continue making a difference in retirees' lives by donating online today or, to give by mail, please make checks payable to "University of Massachusetts Boston" and send to:  

 

University of Massachusetts Boston 
Gerontology Institute, Pension Action Center 
c/o Michele Tolson 
100 Morrissey Boulevard, Boston MA 02125-3393

 

We are extremely thankful for the contributions that we receive from supporters, like you, who make our pension counseling work possible.

 

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