Via Pensions&Investments By Margarida Correia Employees may leave their jobs but the money in their retirement plans can stay. That’s the thinking among a growing number of defined contribution plan sponsors, particularly those running large plans, recent studies from Alight Solutions and Callan LLC show. With baby boomers retiring, plan sponsors would rather not see their assets “walk out the door” as it could compromise their ability … Continue reading (Mid-America Pension Rights Project): More plans looking to hang on to assets of departing workers
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 problems. Just ask Mr. K. Mr. K. worked for a company located in Michigan and was a member of a union. He left the company in … Continue reading (Mid-America Pension Rights Project): Mr. K’s Story
Via The National Law Review By Jaliz Maldonado In the year 2017, the National Defense Authorization Act underwent a revision concerning the way in which pension of military personnel is divided in the case of a divorce between the spouses. While previously, it was thought to be the decision of the State under the USFSPA enacted in 1982, now Congress has come up with a single, … Continue reading (Mid-America Pension Rights Project): Family Law: Military Divorce Retirement, Pension Rules Change
Elder Law of Michigan’s Lansing and Detroit offices will be closed, Monday, December 24, 2018 – Tuesday, January 1, 2019 for our staff to spend time with their families and friends during the holiday season. We will resume regular business hours on Wednesday, January 2, 2019. Continue reading Elder Law of Michigan – December Holiday Closing
Via Detroit Free Press By Susan Tompor Randy Sigley, 63, who grew up in West Virginia, remembers that jobs were hard to come by in the mid-1970s so he headed to Ohio to work in a factory making concrete pipe. He got that job about a year out of high school and made sure to hold onto it at least 10 years because he always heard that he’d … Continue reading (Mid-America Pension Rights Project): Worried about a missing pension or 401(k)? Here’s where you can get help
Via Midland Daily News By John Kennett An underfunded pension plan has forced the City of Midland to take corrective action with the state. The City of Midland has three defined-benefit retirement plans. Two of those, the Retiree Health Care and Public Act 345, Fire Fighters and Police Officers Retirement Act, are in good shape according to state officials. But, the third, the Municipal Employees’ … Continue reading (Mid-America Pension Rights Project): State to monitor underfunded Midland pension
Via NerdWallet By Andrea Coombes It’d be nice if saving for retirement was all we had to do. Turns out, we also need to decide on the best way to pull out our savings once we retire. Luckily, smart people have come up with a variety of tactics to stretch our savings for the long haul. Read on to review some of the most popular … Continue reading (Mid-America Pension Rights Project): Retirement Withdrawal Strategies: Which Should You Use?