What’s Your Retirement Personality Type?

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?

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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.

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.

Pension Benefit Guaranty sues Fay Construction over terminated pension plan

via PennRecord by Louie Torres, PennRecord July 19, 2017 PHILADELPHIA — A government corporation dealing with terminated pension plans is suing Fay Construction Co. Inc., as plan administrator for the Fay Construction Co. Inc. pension plan, alleging breach of contract. The Pension Benefit Guaranty Corporation, a government entity located in Washington, D.C., filed a complaint on June 16 in U.S. District Court for the Eastern … Continue reading Pension Benefit Guaranty sues Fay Construction over terminated pension plan

Snyder Signs Michigan Teacher Retirement Reforms

via detroitnews.com by Jonathan Oosting, Detroit News Lansing Bureau July 13, 2017 Republican Gov. Rick Snyder on Thursday signed into law controversial legislation to overhaul Michigan’s teacher retirement system and steer new hires into 401(k)-style savings accounts rather than hybrid pensions. The plan faced opposition from public education groups but was a top priority for GOP legislators who say it could help the state avoid adding to … Continue reading Snyder Signs Michigan Teacher Retirement Reforms

All City Elevator Inc. Accused of Breach of Contract

via pennrecord.com by Louie Torres, PennRecord July 10, 2017 A labor group is suing All City Elevator Inc. and Jason Damron, citing alleged breach of contract. Trustees of the National Elevator Industry Pension, Elevator Industry Work Preservation Funds, Elevator Constructors Annuity and 401(K) Retirement Plan filed a complaint on June 21 in the U.S. District Court for the Eastern District of Pennsylvania, alleging that the … Continue reading All City Elevator Inc. Accused of Breach of Contract

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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 the services.  The MAPRP works to find answers and solutions to your pension-related problem.  Just ask Mr. M. Mr. M worked in a Zinc mine for nine years.  … Continue reading A Working Class Program that Works to Solve Your Pension Problems

20,000 Union Members, Retirees at Risk of Losing Pension Benefits

via The Washington Free Beacon by Bill McMorris, The Washington Free Beacon April 22, 2017 Five union pension plans are heading toward bankruptcy in the next 20 years if the federal government does not approve benefit cuts to retirees. In March, four unions filed applications with the U.S. Treasury Department requesting relief under a program established by the Obama administration that allows multi-employer pension plans to … Continue reading 20,000 Union Members, Retirees at Risk of Losing Pension Benefits