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Financial insecurity

Annual report showcases Pension Action Center’s growing impact

In fiscal year 2023, staff members and volunteers at the Gerontology Institute’s Pension Action Center opened 330 cases and recovered $1.1 million in pension benefits, at no cost to clients. These facts and more are featured in the center’s latest… Continue Reading →

Pension Action Center’s early leaders reflect on history of ‘concrete victories’

As the Gerontology Institute’s Pension Action Center (PAC) celebrates its 30th anniversary, the center counts more than $70 million in retirement benefits recovered for more than 11,000 clients across its service area of New England and Illinois. Ellen Bruce and… Continue Reading →

Pension Action Center’s fraud summit educates attendees on fighting prevalent fraud and scams

More than 250 guests attended a “Summit to Fight Fraud” organized by the Gerontology Institute’s Pension Action Center at UMass Boston on March 19, 2024. The event, sponsored by Investor Protection Trust and co-presented by the Massachusetts Securities Division, featured… Continue Reading →

UMass Boston joins Boston College’s Center for Retirement Research as affiliate

UMass Boston has begun a five-year partnership with the Center for Retirement Research at Boston College (CRR) as an affiliated research institution, a collaboration that opens opportunities for UMass Boston researchers and students. In the first year of the partnership,… Continue Reading →

Pension Action Center to offer education sessions on SECURE 2.0’s pension overpayment protections

For decades, retirees receiving private or federal pensions have been vulnerable to an odd threat: overpayment of their benefits. A retiree who should be receiving $500 each month, for example, might have actually received $575 monthly for the last 15… Continue Reading →

Pension Action Center awarded two grants for education, advocacy

The Gerontology Institute’s Pension Action Center (PAC) has been awarded two concurrent grants funded by the Investor Protection Trust, a nonprofit organization dedicated to independent investor education, research, and support. The two projects build on the expertise of PAC’s staff,… Continue Reading →

New Elder Index report measures gender disparities in late-life economic security

Older women, especially those living alone, continue to experience an elevated risk of economic insecurity, as detailed in a new report, “Late-life Gender Disparities in Economic Security,” from the Gerontology Institute at the University of Massachusetts Boston. The report uses… Continue Reading →

Report: Older people of color, especially those who live alone, most likely to struggle financially

New estimates based on the 2022 Elder IndexTM show that the risk of economic insecurity in later life is especially high for people of color. National averages suggest that among older people living alone, 43 percent of people who are… Continue Reading →

New Elder Index report finds high levels of economic insecurity among Massachusetts’ older residents

Massachusetts is home to the nation’s highest percentage of older adults living alone who are unable to afford basic necessities without extra assistance, according to new research from UMass Boston’s Gerontology Institute. Nearly three-fifths, or 57 percent, of adults age… Continue Reading →

Report: Most older Americans can’t afford a financial shock

A new analysis by the LeadingAge LTSS Center @UMass Boston and the National Council on Aging finds that 80 percent of older Americans—47 million—continue to be unable to sustain a financial shock such as needing to pay for long-term care… Continue Reading →

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