Kroger Withdraws from Central States Pension Fund

Via Newsmaker Supermarket chain owner The Kroger Co. has signed a new labor agreement with the International Brotherhood of Teamsters (IBT) that allows the company to withdraw from the Central States Pension Fund, which projects it will become insolvent by 2025. The new labor agreement covers associates represented by the IBT at three distribution centers, as well as two dairy manufacturing facilities operated by Kroger. … Continue reading Kroger Withdraws from Central States Pension Fund

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Three in 10 local households have no retirement savings, records show

Via Bucks County Courier Times By James McGinnis Thousands of families in Bucks, Burlington and Montgomery counties have no pension, 401(k) or individual retirement accounts, federal data shows Tony Mallozzi just won’t die. And his longevity is getting expensive. “I’ve been retired for 20 years now,” said the 74-year-old from Sellersville. “I never expected to live this long.” Tony stopped working after a heart attack. … Continue reading Three in 10 local households have no retirement savings, records show

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Sears to sell 140 stores, close additional locations

Via Pennsylvania Real Time News By Candy Woodall A week after announcing 63 store closures that included seven in Pennsylvania, Sears Holding Corp. this week said it’s planning to sell up to 140 stores and close additional locations. The latest round of closures is part of a deal to fund pensions. Sears Holding will pay $407 million to Pension Benefit Guaranty Corp, using money raised from … Continue reading Sears to sell 140 stores, close additional locations

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These Are the 10 Best States for Aging

Via U.S. News By Casey Lewis, Staff Writer Aging in America In 2016, Americans age 65 and older accounted for 15.2 percent of the total population, up 2.8 percent from 2000. These numbers are only expected to grow considerably over the coming decades, and the U.S. Census Bureau predicts that one in five Americans will be 65 and over by 2030. Read the full article … Continue reading These Are the 10 Best States for Aging

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A-Working Class Program that Works to Solve Your Pension Problems.

By Sandra Wisnewski, Director of the Mid-America Pension Rights Project 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 MAPRP works to find answers and solutions to your pension-related problem.  Just ask Mr. C. When Mr. C contacted the MAPRP he was 79 years old, … Continue reading A-Working Class Program that Works to Solve Your Pension Problems.

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Help Available to Connect Michigan Veterans with Benefits

Via Public News Service By Mona Shand DETROIT – Michigan has one of the lowest percentages in the nation of military veterans taking advantage of the benefits they’re entitled to, but local advocates are working to change that as a way to thank the veterans for their service and sacrifice. AARP Michigan has teamed up with the Michigan Department of Military and Veterans Affairs and the … Continue reading Help Available to Connect Michigan Veterans with Benefits