Sweet Taste of Victory for Peeps Union Workers as Judges Rule Against Candymaker

Via SFGATE By Damian Paletta, The Washington Post When they went on strike in 2016, members in the union for marshmallow makers chanted, “No justice, no Peeps!” And on Thursday, a federal appeals court said the Peeps workers had a point. The U.S. Court of Appeals for the Fourth Circuit ruled that Just Born Quality Confections, the firm in Bethlehem, Pennsylvania, that makes the candy … Continue reading Sweet Taste of Victory for Peeps Union Workers as Judges Rule Against Candymaker

Court rejects challenge to TVA pension changes

Via Times Free Press By Dave Flessner A federal appellate court has affirmed the legality of cost-of-living cuts and other changes made in 2009 by the Tennessee Valley Authority and its retirement system board to one of the South’s biggest pension plans. The Sixth Circuit Court of Appeals last week rejected a legal challenge to the pension reductions by beneficiaries of the TVA retirement plan. … Continue reading Court rejects challenge to TVA pension changes

7th Circuit orders closer scrutiny in union pension fund suit

Via The Indiana Lawyer By Dave Stafford A federal judge in Indianapolis has been ordered to take a closer look at whether a successor company can be held liable for money allegedly taken from a union pension benefit fund. The 7th Circuit Court of Appeals remanded for a second time a ruling in favor of Indianapolis-based ManWeb Services, Inc., the defendant in a suit brought by … Continue reading 7th Circuit orders closer scrutiny in union pension fund suit

State hones in on ‘underfunded’ pension and health care plans, including 7 in mid-Michigan

Via Lansing State Journal By Beth LeBlanc March 7, 2018 Seven Lansing-area public employee retirement plans have come under scrutiny from the state for their unfunded liabilities. The Michigan Department of Treasury contacted pension plan administrators last week to inform them that reports they submitted to the state in January had triggered a preliminary review of the policies’ “underfunded status.” Read the full article. Continue reading State hones in on ‘underfunded’ pension and health care plans, including 7 in mid-Michigan

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3 Things That Undermine Social Security Benefits

Via US News Money By Rebecca Lake Social Security is an important part of the retirement picture for millions of Americans, both young and old. According to a recent Gallup poll, 25 percent of Americans ages 18 to 29 and 43 percent of those ages 50 to 64 expect Social Security to be a major source of retirement income. Read the full article Continue reading 3 Things That Undermine Social Security Benefits

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Judge tells city to provide disability pension to ex-officer

Via Lexington Herald Leader By The Associated Press LINCOLN, NEB. – A judge has told Lincoln it must provide the disability pension a former police officer was previously denied. The Lincoln Journal Star reports that Judge Lori Maret agreed with Jonna Conlon, her attorney and her physicians that her back injuries made it impossible for Conlon to continue her career as an officer. Read the article … Continue reading Judge tells city to provide disability pension to ex-officer

Man writing on papers with a pen.

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.