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
via Cincinnati.com, by Fatima Hussein, cincinnati.com, February 26, 2016, Rita Lewis lost her husband on New Year’s Day. Now she may be about to lose much of his retirement money. The West Chester widow is headed to Washington D.C., next month, to speak about the ongoing pension crisis involving the Central States Pension Fund affecting hundreds of thousands of retired Teamsters nationwide. Lewis will testify at a hearing of the Senate … Continue reading West Chester Widow to Testify on Pension Cuts
via Penn Record, by Annie Hunt, pennrecord.com, February 24, 2016, A Pittsburgh carpenter’s union is suing a Dunmore construction company, alleging failure to pay labor fees. Carpenters Combined Funds Inc., by administrator James R. Klein, filed a lawsuit Feb. 15 in U.S. District Court for the Western District of Pennsylvania against C.F. Bordo Inc., James Bordo, Ceaser F. Bordo and Leslie Bordo, alleging violations of … Continue reading Carpenters’ Union Alleges C.F. Bordo Failed to Pay Labor Fees
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?
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
Over 500 people attended an event last night at Wayne State University regarding the proposed cuts to the retirees pensions of the Central States fund. via The Detroit News, by Candice Williams, detroitnews.com, February 8, 2016, More than 500 people filled a public hearing Monday to speak out on proposed benefit cuts to one of the largest Teamster pension funds, which includes 30,000 members in … Continue reading Hundreds Speak Out On Proposed Teamster Benefit Cuts
Teamster town hall meeting rescheduled in Minnesota, via Star Tribune, by Jennifer Bjorhus, startribune.com, January 29, 2016, The U.S. Treasury Department has rescheduled the Minneapolis town hall meeting on proposed benefit cuts to the Central States Pension Fund to Tuesday, Feb. 9 at 4:30 p.m. at the University of Minnesota’s Coffman Memorial Union. The meeting was originally set for Jan. 25 but was postponed due … Continue reading Feds Reschedule Town Hall Forum on Teamsters Pension Cuts
Update regarding the Ohio Teamster’s Pension, via WFMJ, by Danielle Cotterman, wfmj.com, January 31, 2016, Sunday afternoon, Teamsters from around the state packed a local union hall to discuss proposed pension cuts for thousands of workers who participate in the Central States Pension Fund. The meeting was held at Teamsters Local 377 in Youngstown. “Our dollars have gone away, I probably put $410-thousand plus in … Continue reading Teamsters Meet in Youngstown Over Pension Cuts
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?
via The National Law Review, by Jackson Lewis, natlawreview.com, January 13, 2016, On October 28, 2015 we reported that the Central States Southeast and Southwest Area Pension Fund, (“Central States”) one of the largest multi-employer pension plans in the country had filed an application with the Department of Treasury in which it sought to reduce core benefits under the Multiemployer Pension Reform Act of 2014 … Continue reading Second Multi-Employer Pension Plan Seeks to Reduce Core Benefits