On January 9, 2026, the U.S. Department of Labor filed an amicus brief defending Pension Risk Transfer (PRT) annuities—arguing, astonishingly, that stripping retirees of ERISA protections, PBGC insurance, and diversified pension trusts causes no material harm to participants. That position is not just wrong. It is dangerous. This brief is not a neutral statement of … Continue reading DOL’s  PRT Annuity Amicus Brief: Dismantling ERISA