Tag: Mid-America Pension Rights Project

Mid-America Pension Rights Project, Pension

Court Upholds Law Requiring State Workers to Pay to Pensions

Via 9and10news.com, By David Eggert, 9and10news.com July 29, 2015 The Michigan Supreme Court has upheld a law requiring state employees to contribute a portion of their pay to qualify for a full pension in retirement. Justices ruled Wednesday that the 2011 law does not infringe on the Civil Service Commission’s powers because voters did not consider pensions or other fringe benefits to be “compensation” when … Continue reading Court Upholds Law Requiring State Workers to Pay to Pensions

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Mid-America Pension Rights Project, Pension

Thorny teacher pension case returns to Court of Appeals

Via Detroit Free Press, By Paul Egan, Detroit Free Press July 6, 2015 LANSING — The Michigan Supreme Court has sent back to the Court of Appeals a pension case affecting the possible repayment to Michigan teachers and other school employees of a $552.7-million escrow fund held by the state. Last week’s order by the Michigan Supreme Court is the latest development in a protracted … Continue reading Thorny teacher pension case returns to Court of Appeals

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Mid-America Pension Rights Project, Pension

County approves extra $900,000 for pensions

Via The Daily Reporter By Don Reid, The Daily Reporter July 7, 2015 COLDWATER — Branch County has made a $900,000 payment to to Michigan Employee Retirement System (MERS) after making a budgeted $970,000 payment this year. That is payment of $1.87 million for 2015.The vote was 4-1, with commissioner Dale Swift opposing the additional payment. Branch County Administrator Bud Norman explained this will help … Continue reading County approves extra $900,000 for pensions

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Mid-America Pension Rights Project, Pension

Ronald LaBow served with subpoena in multimillion-dollar pension case

via Palmbeachdailynews.com By David Rogers, Palmbeachdailynews.com July 4, 2015 Bank thought the subpoena might have been about a divorce. The case, as it turns out, is far bigger than marital dissolution. Since March, agents with the U.S. Department of Labor had attempted to serve a subpoena to Ronald LaBow of Palm Beach and New York. On the morning of June 23, federal agents Matthew Broadhurst … Continue reading Ronald LaBow served with subpoena in multimillion-dollar pension case

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Mid-America Pension Rights Project

What every married couple needs to know about estate planning

via Lifehealthpro.com By Mary Merrell Bailey, Lifehealthpro.com June 26, 2015 The June wedding was spectacular and the newlyweds are back. So, what’s estate planning and life insurance got to do with it? As newly married couples continue to bask in the afterglow of their romantic honeymoon, it’s hard for them to imagine how anything could jeopardize their happiness. What could possiblyhappen? Life happens. And with … Continue reading What every married couple needs to know about estate planning

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Mid-America Pension Rights Project, Pension

Government paves way for multiemployer pension plan cuts

via 10tv.com By Andrew Taylor, 10tv.com June 17, 2015 The government is paving the way for up to about 1 million people covered by underfunded multiemployer pension plans to face benefit cuts over the next few years. The move by the Treasury Department implements a new law that earned mixed reviews from the unions whose members are covered by such plans, including construction workers, Teamster … Continue reading Government paves way for multiemployer pension plan cuts

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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 Mr. G. Mr. G worked for a multi-employer plan and was … Continue reading A Working Class Program that Works to Solve Your Pension Problems

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Mid-America Pension Rights Project, Pension

Senator urges Teamsters to learn of pension changes

Via WYTV, By Amanda Smith, WYTV May 14, 2015 U.S. Sen. Sherrod Brown said Teamsters’ pensions are at risk. Brown, D-Ohio, said retirees need to have plenty of information to understand the changes coming in the next few years. Last year, Congress approved a law that would allow the Central States Pension Fund to cut benefits being paid to current retirees. That is the fund … Continue reading Senator urges Teamsters to learn of pension changes

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Mid-America Pension Rights Project, Pension

Saginaw shifting $72 million city-managed police pension fund to MERS

Via Mlive, By Mark Tower, Mlive May 12, 2015 Since 1965, Saginaw has managed the pension system for its police officers and firefighters internally, through a five-member board. But that is about to change, at least for the city’s current and retired police pensioners. Saginaw City Council took the first steps Monday, May 11, to move about $72 million invested for police pensions from the city-run … Continue reading Saginaw shifting $72 million city-managed police pension fund to MERS

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Mid-America Pension Rights Project, Pension

Pontiac pension fund transfer could work, says CEO of statewide system

Via The Oakland Press, By Dustin Blitchok, The Oakland Press May 3, 2015 The Municipal Employees’ Retirement System, the statewide nonprofit that’s been suggested as a solution to Pontiac’s retiree health care liability, has 800 Michigan municipalities as clients and more than 100,000 participants. Former Emergency Manager Lou Schimmel and others have said Pontiac’s 150-percent-funded, $500-million General Employees Retirement System could be transferred to MERS, … Continue reading Pontiac pension fund transfer could work, says CEO of statewide system

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