(Mid-America Pension Rights Project:) These 3 Big Surprises Can Derail Your Retirement

Via Detroit Free Press By Susan Tompor The countdown to retirement can include all sorts of plans — setting aside extra cash in in the 401(k) plan, aiming to pay down debt, dreaming about the first trip you’d like to knock off your bucket list. But retirement experts will tell you that it’s the things that you don’t plan for that derail retirements all the … Continue reading (Mid-America Pension Rights Project:) These 3 Big Surprises Can Derail Your Retirement

(Mid-America Pension Rights Project:) Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund

Via mydaytondailynews.com By Chris Stewart, My Dayton Daily News The Ohio Public Retirement System has failed to fully account for the income of 194 Montgomery County employees when calculating pension benefits, according to complaints filed Tuesday with the Supreme Court of Ohio. Separate filings by the Montgomery County Prosecutor’s Office and the Montgomery County Clerk of Courts each allege the Ohio Public Retirement Board made … Continue reading (Mid-America Pension Rights Project:) Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund

(Mid-America Pension Rights Project:) 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 (Mid-America Pension Rights Project:) Sweet Taste of Victory for Peeps Union Workers as Judges Rule Against Candymaker

(Mid-America Pension Rights Project): 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 (Mid-America Pension Rights Project): Court rejects challenge to TVA pension changes

(Mid-America Pension Rights Project): 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 (Mid-America Pension Rights Project): 7th Circuit orders closer scrutiny in union pension fund suit

(Mid-America Pension Rights Project): 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 (Mid-America Pension Rights Project): 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