Tag: Mid-America Pension Rights Project

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

A Working Class Program that Works to Solve Your Pension Problems

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 our services. MAPRP works to find answers and solutions to your pension-related problems. Just ask Ms. Z. Ms. Z received a letter from her pension plan indicating that she had been overpaid.  … Continue reading A Working Class Program that Works to Solve Your Pension Problems

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Client story, Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future

A Working-Class Program that Works to Solve Your Pension Problems

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 our services. MAPRP works to find answers and solutions to your pension-related problems. Just ask Mr. D. Mr. D worked for a company that had long been out of business … Continue reading A Working-Class Program that Works to Solve Your Pension Problems

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FYI, Mid-America Pension Rights Project, Money and Finances, Planning for the Future, senior independence

Should I take a Lump Sum Pension Payout?

by Sandra Wisnewski, J.D., Director of the Mid-America Pension Rights Project Since 1998, the Mid-America Pension Rights Project (MAPRP) has been assisting clients with pension issues. One question that we frequently receive is whether or not to take a lump sum payout of a pension benefit. Some employers offer a one-time lump sum payment in lieu of a traditional life-time annuity option. This option can be a … Continue reading Should I take a Lump Sum Pension Payout?

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Pension plan paperwork with glasses resting on them.
Mid-America Pension Rights Project, Pension

MAPRP and the Pension Benefit Guaranty Corporation

by Sandra Wisnewski, J.D., Director of the Mid-America Pension Rights Project Most of you may know that the Mid-America Pension Rights Project (MAPRP) assists clients with pension issues, but you may not know that the MAPRP works closely with the Pension Benefit Guaranty Corporation (PBGC). The PBGC is the government entity that insures most private pension plans when a plan terminates. One of the most … Continue reading MAPRP and the Pension Benefit Guaranty Corporation

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divorce, FYI, Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future

What is an EDRO?

  by Sandra Wisnewski, J.D., Director of the Mid-America Pension Rights Project EDRO is the acronym for, Eligible Domestic Relations Order. Without getting too bogged down with the gory details, a EDRO is a document that is generated when a divorce occurs. A EDRO is used when one or both of the parties earned a pension through a public employer during the marriage. A pension … Continue reading What is an EDRO?

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Mid-America Pension Rights Project, Pension

A Working Class Program that Works to Solve Your Pension Problems

by Sandra Wisnewski, J.D., Director of the Mid-America Pension Rights Project The Mid-America Pension Rights Project 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 Pension Project works to find answers and solutions to your pension-related problem. Just ask Ms. T. Ms. T’s former employer had an employee pension plan. … Continue reading A Working Class Program that Works to Solve Your Pension Problems

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Mid-America Pension Rights Project, Pension

Looming Pension Cuts

Early last week, many of the Central States retirees received letters concerning the proposed cuts to their pension benefit. Although cuts to pension benefits is not a new concept, the fact that these cuts are now affecting participants who are already collecting their pension benefit, retirees, is a new concept. This is due to 2015 Omnibus spending bill which was passed by Congress and signed … Continue reading Looming Pension Cuts

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Mid-America Pension Rights Project, Pension

Retirees Soon to Learn How Much Pensions May Be Cut

via dispatch.com, by Mark Williams, The Columbus Dispatch, October 2, 2015, Retired truck drivers and others who draw a pension from an underfunded pension plan expect to find out in the next couple of days how much their monthly stipend may be cut. The Central State Pension Fund said today that it has mailed information to all fund participants about how its rescue plan to stabilize … Continue reading Retirees Soon to Learn How Much Pensions May Be Cut

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Mid-America Pension Rights Project, Pension

Louisville Teachers File Federal Lawsuit Against State Over Underfunded Pensions

Via Kycir.org, By James McNair, Kycir.org August 24, 2015 Foiled in state court, a Jefferson County Public Schools teacher filed a federal court suit Monday claiming the Kentucky Teachers’ Retirement System illegally raised teachers’ share of pension contributions to shore up a retirement plan that is only half-funded. Randolph “Randy” Wieck, a history teacher at DuPont Manual High School, launched the legal battle last November … Continue reading Louisville Teachers File Federal Lawsuit Against State Over Underfunded Pensions

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Mid-America Pension Rights Project, Pension

Successor May Be on Hook for Pension Withdrawal

Via Bna.com, By Lisa Nagele-Piazza, bna.com July 27, 2015 An employer’s corporate successor may be responsible for its $661,978 in multiemployer pension fund withdrawal liability under a theory of successor liability, even though the employer withdrew from the fund after it sold its assets, the U.S. Court of Appeals for the Seventh Circuit ruled July 27. The U.S. Supreme Court and the Seventh Circuit have … Continue reading Successor May Be on Hook for Pension Withdrawal

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