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. Q. Ms. Q. worked for … Continue reading (Mid-America Pension Rights Project ): A Working-Class Program that Works to Solve Your Pension Problems
Via Smart Asset By Sarah Fisher If you’re lucky enough to win the lottery or have a pension plan, you may need to decide whether you want to take your earnings in a lump sum or an annuity. And if your goal is to maximize your earnings, you may want to take into consideration your projected lifespan, inflation rates, and your own spending and investing habits. We … Continue reading (Mid-America Pension Rights Project): Lump Sum vs. Annuity: Which Should You Take?
By Christine Steinmetz, Pension Attorney at the Mid-America Pension Rights Project at Elder Law of Michigan You work hard for your money. You save and expect your retirement to go smoothly. However, many people retire and cannot find their pension or 401(k). This is because the company you worked for closed or was sold. If the company is still in business, then you may be … Continue reading Mid-America Pension Rights Project: Tips on How to Protect Your Retirement
Via Bloomberg By Greg Stohr The U.S. Supreme Court agreed to consider giving workers who participate in pension plans more ability to sue when they believe the money is being mismanaged. The justices will hear arguments in their next term from retired U.S. Bancorp employees who say their plan lost more than $1 billion during the 2008 market crash because the company invested all the plan’s assets … Continue reading (Mid-America Pension Rights Project): Worker Pension Plan Lawsuits Draw Review From U.S. Supreme Court
Via Kiplinger By Lisa Brown It happens every summer: Clients return from a spectacular vacation and tell me they’ve found their dream retirement home. Many people nearing retirement have long envisioned buying or building a home on the ocean or with scenic mountain views. While some have visited their idyllic spot over several years and mapped out a plan, others become enamored after only a … Continue reading (Mid-America Pension Rights Project): Buying Your Dream Retirement Home – Think Before You Leap
Via AI-CIO By Michael Katz The trustees of the Sheet Metal Workers Pension Fund of Troy, Michigan, have reapplied for approval from the US Department of Treasury of a proposed suspension of benefits. The fund’s actuaries have estimated that as of May 1, 2019, the pension is only 40.6% funded, and is projected to become insolvent in the plan year beginning May 1, 2033. According … Continue reading (Mid-America Pension Rights Project) Michigan Sheet Metal Workers Pension Applies for Benefits Cuts
Via WBOI By Jeff Lunden Trustees of the American Federation of Musicians and Employers’ Pension Fund (AFM-EPF) announced the evening of May 24 that they will apply to the U.S. Treasury for a reduction in member benefits, due to the AFM-EPF’s “critical and declining” status – meaning the fund is projected to run out of money in 20 years. The AFM represents 80,000 professionals in … Continue reading (Mid-America Pension Rights Project): America’s Largest Musicians’ Union Announces Pension Cuts