Via usnews.com LEXINGTON, Ky. (AP) — Kentucky‘s second-largest city could have to pay millions more to its police and fire pension fund. The Lexington Herald-Leader reports the Kentucky Supreme Court declined to hear an appeal from the city this week. That means a state Court of Appeals decision ordering the case back to the circuit court will stand. Fayette Circuit Judge Ernesto Scorsone must decide … Continue reading Lexington Could Owe Police, Fire Pension Funds Millions More
Via Lexington Herald Leader By The Associated Press LINCOLN, NEB. – A judge has told Lincoln it must provide the disability pension a former police officer was previously denied. The Lincoln Journal Star reports that Judge Lori Maret agreed with Jonna Conlon, her attorney and her physicians that her back injuries made it impossible for Conlon to continue her career as an officer. Read the article … Continue reading Judge tells city to provide disability pension to ex-officer
Via U.S. News By Dave Hughes Retirement is not one-size-fits-all. There are many ways to envision how you’ll spend your retirement. Identifying your retirement personality type can help you gain clarity about what you want your retirement to be like on a day-to-day basis. You might see yourself in more than one of these categories, and the categories you fit into may change as your retirement … Continue reading What’s Your Retirement Personality Type?
Via Pittsburgh Action News By JOE MANDAK Associated Press PITTSBURGH — A fired district court law clerk sued a Pennsylvania county’s retirement system, saying it hasn’t set forth clear guidelines to determine how and when employees qualify for disability pensions. Attorneys for Susan Donahue, 55, sued the Retirement System of Allegheny County, which is a private company set up under state law to administer pensions in … Continue reading Ex-Allegheny County employee sues over disability pension standards
Via kentucky.com By Dion Henry, Lexington Herald Leader July 29, 2017 Gov. Matt Bevin and lawmakers are threatening to switch newly hired public employees into a defined contribution 401(k)-style retirement plan. Others, including the Bluegrass Institute, are urging them to cut retirement benefits for current firefighters, nurses and teachers. Read the full article. Continue reading Retirement security of public employees across Kentucky is under siege.
via plansponsor.com, by Rebecca Moore, PlanSponsor July 27, 2017 The signed bill modernizes the Michigan Public School Employees Retirement System (MSPERS), and increases the state’s share to defined contribution plans, while reducing the unfunded liabilities of the overall system. Read the full article. Continue reading Michigan Governor Signs a Teacher Pension Plan that creates a new 401(k)-style defined contribution plan with an automatic employer contribution of 4% of the employee’s salary.
by Sandra Wisnewski, J.D., 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 Ms. K. Ms. K lived in a country outside the United States. Ms. … Continue reading A-Working Class Program that Works to Solve Your Pension Problems