(Mid-America Pension Rights Project): GE’s pension freeze puts a spotlight on America’s retirement planning problem
Via Yahoo News By Ethan Wolff-Mann The news that General Electric (GE) was freezing its pension for 20,000 workers this week and offering buyouts to 100,000 former employees sent the company’s beleaguered stock up slightly, but dealt the two fierce blows to two great American institutions. The first: GE itself. An American staple and iconic industrial company that has employed hundreds of thousands — if not millions … Continue reading (Mid-America Pension Rights Project): GE’s pension freeze puts a spotlight on America’s retirement planning problem
Our Lifetime Commitment to You and Yours
By Vonda Vantil, Social Security Public Affairs Specialist Social Security is here with information, tools, and benefits to help you secure today and tomorrow. Our journey together begins when you’re born and get your Social Security card. It continues when you get your first job and follows you through your entire career, marriage, and retirement. Our commitment is to be with you throughout life’s journey. … Continue reading Our Lifetime Commitment to You and Yours
(Mid-America Pension Rights Project): GE freezes pension benefits to reduce deficit
Via Pensions&Investments By James Comtois General Electric Co. said Monday it plans to freeze its U.S. pension plan for about 20,000 salaried employees and its U.S. supplementary pension plan for some 700 employees. Employees affected by the freeze will move into the firm’s 401(k) plan effective Jan. 1, 2021. GE’s pension plan has been closed to new entrants since Jan. 1, 2012. In addition, GE … Continue reading (Mid-America Pension Rights Project): GE freezes pension benefits to reduce deficit
Certain disability payments and workers’ compensation may affect Social Security benefits
By Vonda Vantil, Social Security Public Affairs Specialist Many people working nowadays have more than one job. This means they have several sources of income. It’s important to keep in mind that having multiple sources of income can sometimes affect your Social Security benefits; but, it depends on the source. Disability payments from private sources, such as private pensions or insurance benefits, don’t affect your … Continue reading Certain disability payments and workers’ compensation may affect Social Security benefits
Protecting seniors from financial exploitation
Via The Sault News By Scott Brand Addressing what some call “The Crime of the 21st Century” Dr. Peter Lichtenberg of Wayne State University delivered an eye-opening presentation on the prevalence of financial exploitation in older adults. And the statistics reveal that it is growing at a rapid rate. In 2013, there were on average 1,300 suspicious activity reports a month, a figure that jumped … Continue reading Protecting seniors from financial exploitation
Social Security Reinstates Reconsideration Appeal Level of Disability Process in Michigan
By Vonda VanTil, Social Security Public Affairs Specialist The Social Security Administration announced the reinstatement of the reconsideration, the first step in the disability appeal process, in Michigan beginning on October 1. This year, seven additional states–Alabama, California, Colorado, Louisiana, New Hampshire, New York, and Pennsylvania–reinstated the reconsideration. A level of Social Security’s national disability appeals process since 1959, the reconsideration step was eliminated in … Continue reading Social Security Reinstates Reconsideration Appeal Level of Disability Process in Michigan
Protecting Finances in your Golden Years
Via Cheboygan Daily Tribune By Scott Brand With swindlers, con artists and unscrupulous family members stealing billions of dollars annually from older Americans, Empowerment Specialist Stephanie Woods of Elder Law of Michigan has partnered with local agencies to help protect senior in the Eastern Upper Peninsula. “He’s a national expert in financial capacity assessment and financial exploitation of older adults,” said Woods in introducing Dr. … Continue reading Protecting Finances in your Golden Years
Social Security Can Help You Get Back to Work
By Vonda VanTil, Social Security Public Affairs Specialist Having a job means different things to different people, but it can give you a sense of self, a community to rely on, and much-needed structure. Some people define themselves through their work. Others may enjoy the social aspect of their jobs. If you rely on Supplemental Security Income (SSI) payments or Social Security Disability (SSDI) benefits … Continue reading Social Security Can Help You Get Back to Work
(Mid-America Pension Rights Project): ERISA at 45: Where do we go from here?
Via BenefitsPro By Alan Vorchheimer September 2019 marks the 45th anniversary of President Gerald Ford signing the Employee Retirement Income Security Act, commonly called ERISA. Of course, the issue of retirement income security is as relevant as ever, particularly given questions about the long-term sustainability of current Social Security benefit levels. We can use this occasion to review the issues that the legislation was intended to address, … Continue reading (Mid-America Pension Rights Project): ERISA at 45: Where do we go from here?
National Good Neighbor Day: September 28, 2019
By Jennifer Blanck, MiCAFE Network Coordinator at Elder Law of Michigan Have you ever heard of National Good Neighbor Day? I hadn’t until recently, when I stumbled upon it by accident while searching for resources on the internet. I thought this was a cool idea that I needed to share with others. First, let me share a little background. According to an article on Awareness … Continue reading National Good Neighbor Day: September 28, 2019