By Christine Steinmetz, Pension Attorney at the Mid-America Pension Rights Project at Elder Law of Michigan In my last blog post, I discussed the Pension Benefit Guarantee Corporation, commonly referred to as the PBGC. Most private defined pensions are insured by the PBGC. In this post, I will discuss how you can protect your private defined pension benefit. If the PBGC insures a private defined … Continue reading Mid-America Pension Rights Project: What happens to my pension if my pension plan terminates and how can I protect it? (Part 2)

By Christine Steinmetz, Pension Attorney at the Mid-America Pension Rights Project at Elder Law of Michigan You may have wondered what happens to your private defined benefit pension if your employer terminates the plan. Luckily, there is a Federal agency that protects private defined benefit pension plans. You may have heard of this agency. It is called the Pension Benefit Guarantee Corporation, commonly known as … Continue reading Mid-America Pension Rights Project: What happens to my pension if my pension plan terminates and how can I protect it? (Part 1)

Via pionline.com By Hazel Bradford “Roofers Local No. 88 Pension Fund, Merrillville, Ind., applied to the Treasury Department to reduce benefits to avoid plan insolvency. Pension fund trustees said in the application that benefit cuts starting in November would help the $25.4 million pension fund remain solvent. The pension fund is 61.4% funded and projected to be insolvent by the 2036 plan year. Trustees said in the … Continue reading (Mid-America Pension Rights Project) Indiana roofers union pension fund applies for MPRA benefit cuts

Via Pionline.com By Hazel Bradford “The Bricklayers and Allied Craftworkers Local 7 Pension Plan in Austintown, Ohio, has submitted its third Treasury Department application to reduce benefits under the Multiemployer Pension Reform Act of 2014, along with a request for a partition from the Pension Benefit Guaranty Corp. The plan is in critical and declining status, with $9.53 million in assets as of April 30, … Continue reading (Mid-America Pension Rights Project) Ohio Bricklayers local seeks benefits cuts, partition

By Sandra Wisnewski, Director of the Mid-America Pension Rights Project at Elder Law of Michigan The Mid-America Pension Rights Project (MAPRP) assists clients with pension and 401(k) issues. There are no age or income restrictions and there is never a charge for the services. The Pension Project works to find answers and solutions to your pension-related problem. Just ask Ms. I. Ms. I was ready to retire and knew … Continue reading (Mid-America Pension Rights Project): Ms. I

By Christine Steinmetz, Pension Attorney at the Mid-America Pension Rights Project at Elder Law of Michigan Am I entitled to my late spouse’s pension? The Mid-America Pension Rights Project is frequently asked this question by clients. As a widow or widower, you MAY be entitled to part of your spouse’s pension. Under Federal Law, known as the Employee Retirement Income Security Act (ERISA), private pension … Continue reading Mid-America Pension Rights Project: What is REA and Why is it Important?