Category: Mid-America Pension Rights Project

Mid-America Pension Rights Project, Money and Finances, Pension, Retirement, seniors

(Mid-America Pension Rights Project:) Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund

Via mydaytondailynews.com By Chris Stewart, My Dayton Daily News The Ohio Public Retirement System has failed to fully account for the income of 194 Montgomery County employees when calculating pension benefits, according to complaints filed Tuesday with the Supreme Court of Ohio. Separate filings by the Montgomery County Prosecutor’s Office and the Montgomery County Clerk of Courts each allege the Ohio Public Retirement Board made … Continue reading (Mid-America Pension Rights Project:) Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund

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Elder Law of Michigan, FYI, Mid-America Pension Rights Project, Pension, Tips

Elder Law of Michigan/Mid-America Pension Rights Project – in the News!

Via Woodtv.com By Susan Samples Elder Law of Michigan’s Director of Client Assistance, Sandra Wisnewski, was interviewed to help assist with a pension overpayment matter. HOLLAND, Mich. (WOOD) — When Adeline Reed received a letter from her pension fund telling her she’d been overpaid for nearly a decade, she was shocked. “I didn’t believe it,” said Reed, 74, of Holland. According to the letter from the Kraft … Continue reading Elder Law of Michigan/Mid-America Pension Rights Project – in the News!

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Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors

(Mid-America Pension Rights Project:) FedEx to Shift $6 Billion in Pension Obligations to MetLife

Via American Journal of Transportation, By Mary Schlangenstein and Katherine Chiglinsky FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs. The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement Tuesday. FedEx, which said it would take a non-cash charge related … Continue reading (Mid-America Pension Rights Project:) FedEx to Shift $6 Billion in Pension Obligations to MetLife

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fraud, Legal, Mid-America Pension Rights Project, Money and Finances, Pension

(Mid-America Pension Rights Project:) Chattanooga Pension Fund Sues Wells Fargo for Alleged Fraud Over Revenue Sharing

Via Pensions&Investments, By Rob Kozlowski Chattanooga (Tenn.) Fire and Police Pension Fund has filed a lawsuit in Tennessee court against Wells Fargo, its custodian and trustee, alleging potential fraud and overcharging in its role as trustee, The suit, filed Tuesday in the Chancery Court of Hamilton County, alleges that Wells Fargo has not provided any disclosures regarding “significant compensation from third-party mutual funds and potentially … Continue reading (Mid-America Pension Rights Project:) Chattanooga Pension Fund Sues Wells Fargo for Alleged Fraud Over Revenue Sharing

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Mid-America Pension Rights Project, Money and Finances, Pension, Retirement

(Mid-America Pension Rights Project:) Sweet Taste of Victory for Peeps Union Workers as Judges Rule Against Candymaker

Via SFGATE By Damian Paletta, The Washington Post When they went on strike in 2016, members in the union for marshmallow makers chanted, “No justice, no Peeps!” And on Thursday, a federal appeals court said the Peeps workers had a point. The U.S. Court of Appeals for the Fourth Circuit ruled that Just Born Quality Confections, the firm in Bethlehem, Pennsylvania, that makes the candy … Continue reading (Mid-America Pension Rights Project:) Sweet Taste of Victory for Peeps Union Workers as Judges Rule Against Candymaker

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Elder Law of Michigan, Legal, Legal Hotline, Legal Hotline for Michigan Seniors, Mid-America Pension Rights Project, Pension, Planning for the Future

(Mid-America Pension Rights Project:) City, unions agree to cut pension costs

Via Times Herald By Jackie Smith New contracts with several Port Huron unions are expected to save the city $1.1 million in retirement costs a year. Port Huron City Council members approved new three-year collective bargaining agreements with four unions and potential adjustments for non-union employees during Monday’s regular meeting. After, City Manager James Freed said the changes affect about 220 employees and will help reduce … Continue reading (Mid-America Pension Rights Project:) City, unions agree to cut pension costs

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FYI, Legal Hotline for Michigan Seniors, Mid-America Pension Rights Project, Pension, Retirement, Tips

(Mid-America Pension Rights Project:) Four Pension Funds Apply for Benefits Reductions

Via http://www.ai-cio.com Requests for benefits reductions have picked up this spring, as Treasury Department filings show four pension funds recently applied for benefits cuts under the Kline-Miller Multiemployer Pension Reform Act of 2014. They are the Sheet Metal Workers Local Pension Fund, the Plasterers Local #82 Pension Plan, the Pressroom Unions Pension Trust Fund, and the Plasterers & Cement Masons Local 94 and Pension Fund. … Continue reading (Mid-America Pension Rights Project:) Four Pension Funds Apply for Benefits Reductions

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Legal Hotline, Legal Hotline for Michigan Seniors, Mid-America Pension Rights Project, Pension

States have a $1.4 trillion pension problem

Via CNN Money By Katie Lobosco In most states, public pension funds don’t have enough money to pay for benefits they’ve promised to government workers. The problem is getting worse. Overall, the shortfall across states grew by $295 billion between 2015 and 2016, according to a new report from The Pew Charitable Trusts. All together, state pension plans had just $2.6 trillion to cover a cumulative … Continue reading States have a $1.4 trillion pension problem

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Client story, Elder Law of Michigan, Legal Hotline for Michigan Seniors, Mid-America Pension Rights Project, Money and Finances, senior independence, seniors, Tips

(Mid-America Pension Rights Project): A-Working Class Program that Works to Solve Your Pension Problems

By Sandra Wisnewski, J.D., Director of Client Assistance 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 services. The MAPRP works to find answers and solutions to your pension-related problem. Just ask Mr. M. Mr. M worked for a company for over 30 years and was positive that he was … Continue reading (Mid-America Pension Rights Project): A-Working Class Program that Works to Solve Your Pension Problems

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Aging in Place, FYI, Mid-America Pension Rights Project, Money and Finances, Planning for the Future, Retirement, seniors, Tips

5 Tips for Boosting Your Retirement Savings

Via Dayton Daily News By Kara Driscoll The concept of retirement is quickly evolving for Americans, who are no longer ending their work lives in their late 50s and early 60s. Now, workers are extending their careers for a multitude of reasons: financial hardship, Social Security and pension changes, household dynamics and a need for a purpose. By 2022, more than 27 percent of Ohio’s … Continue reading 5 Tips for Boosting Your Retirement Savings

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