Bricklayers’ Pension Plan Latest to Seek Benefit Cuts

via bna.com, by Kristen Ricaurte Knebel, Bloomberg BNA, July 22, 2016, An Ohio-based multiemployer bricklayers’ pension fund has become the latest fund to seek Treasury Department approval to reduce benefits. The Bricklayers & Allied Craftsmen Local No. 7 Pension Plan, based in Austintown, filed an application on June 28 for benefit cuts under the 2014 law that opened the door to such moves, the Multiemployer … Continue reading Bricklayers’ Pension Plan Latest to Seek Benefit Cuts

GAO to Investigate Central States’ Investments

via pionline.com, by Hazel Bradford, Pensions&Investments, June 29, 2016, The Government Accountability Office will investigate the investment decisions made by the $17.8 billion Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., an agency official confirmed Wednesday. The investigation was requested June 21 by 10 senators and 41 congressmen, who asked GAO officials to consider several issues, including how the pension fund’s fiduciaries … Continue reading GAO to Investigate Central States’ Investments

Methodist LeBonheur Pension Draws Lawsuit

via commercialappeal.com, by Kevin McKenzie, The Commercial Appeal, July 13, 2016 Mary L. Brace has had no problem collecting her monthly $670 pension checks from Methodist Le Bonheur Healthcare since she retired as a registered nurse in 2009. Still, a newspaper advertisement and an attorney from a Pennsylvania law firm have led Brace to be the lead name on a federal lawsuit claiming the Memphis … Continue reading Methodist LeBonheur Pension Draws Lawsuit

Senior woman smiling and holding a bouquet of tulips.

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. R. Ms. R had been physically separated from her husband for many years, but they … Continue reading A Working Class Program that Works to Solve Your Pension Problems

Women playing cards.

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

Treasury Rejects a Plan to Cut Pensions for Teamsters

via freep.com, by Susan Tompor, Detroit Free Press, May 6, 2016, Retired truck drivers and other members of the Teamsters union scored a victory and avoided drastic cuts to their pensions, as the U.S. Treasury rejected a bailout plan proposed by the Central States Pension Fund. Central States Pension Fund trustees submitted a proposed rescue plan in late September as a way to avoid an even more … Continue reading Treasury Rejects a Plan to Cut Pensions for Teamsters

Can an Annuity Act as Your Pension Plan?

via usatoday.com, by Jeff Reeves, USA Today, April 21, 2016, Retirement planning has changed a lot over the last few decades. And perhaps one of the most dramatic changes is the slow and steady death of employer-provided pensions. According to Bureau of Labor Statistics data, only 10% of private employers offered defined benefit retirement plans in 2011 to cover just 18% of America’s private-sector workers. Just … Continue reading Can an Annuity Act as Your Pension Plan?

Teamsters Protest Looming Pension Cuts at D.C. Rally

via Transport Topics News, by Rip Watson, ttnews.com, April 14, 2016, WASHINGTON — Thousands of Teamsters retirees, angered by looming pension cuts of 50% or more, descended on Washington April 14 to protest the reductions ahead of a May 7 deadline for a Treasury Department decision on the proposed cutbacks. Treasury is considering a proposal from the Central States Pension Fund, the largest Teamsters pension … Continue reading Teamsters Protest Looming Pension Cuts at D.C. Rally

Akron-area Teamsters Headed to Washington to Protest Pension Cuts

via ohio.com, by Jim Mackinnon, Beacon Journal, April 12, 2016, Thousands of retired Teamsters — including two busloads from the Akron area — will pressure federal lawmakers Thursday at a rally in Washington, D.C., to ward off deep pension cuts expected to start this summer. “The rally is going to be on the west front lawn of the U.S. Capitol,” said Mike Walden, a retired … Continue reading Akron-area Teamsters Headed to Washington to Protest Pension Cuts

TN Dept. of Commerce and Insurance Warns of Pension Scams

via fox17.com, by Adrian Mojica, Fox 17, Tuesday, April 5, 2016, The Tennessee Department of Commerce and Insurance is warning Tennesseans about a pension scam. According to the TDCI, the scam involves alleged “investors” who say they will provide cash advances to those willing to turn over future pension payments in exchange for immediate lump sum cash payments. The TDCI says before making any decisions with … Continue reading TN Dept. of Commerce and Insurance Warns of Pension Scams