(Mid-America Pension Rights Project): Pension crisis worries mid-state retirees

Via Fox17 By Nikki Junewicz It’s a looming crisis set to impact one million American workers, including thousands in middle Tennessee: pension cuts. This weekend local union members came together to talk about what they’re going to do if or when the pension plans they’ve been paying into for decades run out. “I do feel it’s a betrayal, and it strikes me as particularly un-American … Continue reading (Mid-America Pension Rights Project): Pension crisis worries mid-state retirees

(Mid-America Pension Rights Project): Consumer group urges special congressional committee to develop solution to multiemployer pension crisis

Via Pension Rights Center By Emily Gilbert As a result of a misguided law passed in 2014 to ostensibly “save” pension plans, the Treasury Department announced last week that it has provisionally approved an eighth application from a multiemployer pension plan seeking to slash the benefits of vulnerable retirees as a way of balancing its books. The Teamsters Local 805 plan headquartered in New York – … Continue reading (Mid-America Pension Rights Project): Consumer group urges special congressional committee to develop solution to multiemployer pension crisis

(Mid-America Pension Rights Project): Pension lump-sum payouts and your retirement security

Via pueblo.gpo.gov A guide for consumers considering their retirement payout options from a private-sector plan. Your traditional pension plan is designed to provide you with a steady stream of income once you retire. That’s why your pension benefits are normally paid in the form of lifetime monthly payments. Increasingly, employers are making available to their employees a one-time payment for all or a portion of … Continue reading (Mid-America Pension Rights Project): Pension lump-sum payouts and your retirement security

(Mid-America Pension Rights Project): Miners Urge Congressional Action On Pensions, Black Lung Fund

Via Ohio Valley Resource By Becca Shimmel Retired coal miners and coal community activists are on Capitol Hill this week urging action on two important issues for miners: pensions and black lung benefits. Advocates say funds supporting both pensions for retired miners and the federal benefits for those sickened by black lung disease are at risk if Congress does not act. Read the full article. Continue reading (Mid-America Pension Rights Project): Miners Urge Congressional Action On Pensions, Black Lung Fund

(Mid-America Pension Rights Project:) Delaying Social Security Benefits? Here’s How Long It Will Take for It to Pay Off

Via The Motley Fool By Christy Bieber You can claim Social Security benefits at the age of 62 — but should you? Many people — including experts from Stanford — argue for delaying as long as possible because benefits go up the longer you wait. And there are indeed plenty of good reasons to delay. Social Security provides a guaranteed source of income for life, so waiting … Continue reading (Mid-America Pension Rights Project:) Delaying Social Security Benefits? Here’s How Long It Will Take for It to Pay Off

Elder Law of Michigan in the News!- President Keith Morris is quoted in The New York Times article: ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans.

Via The New York Times By Tara Siegel Bernard For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate of people 65 … Continue reading Elder Law of Michigan in the News!- President Keith Morris is quoted in The New York Times article: ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans.

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(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, 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 our services. The MAPRP works to find answers and solutions to your pension-related problem. Just ask Mr. G. Mr. G contacted Elder Law of Michigan’s Legal Hotline for Michigan Seniors (LHMS), hoping to receive legal advice. The attorney … Continue reading (Mid-America Pension Rights Project:) A Working Class Program that Works to Solve Your Pension Problems