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
Via Public News Service By Mona Shand DETROIT – Michigan has one of the lowest percentages in the nation of military veterans taking advantage of the benefits they’re entitled to, but local advocates are working to change that as a way to thank the veterans for their service and sacrifice. AARP Michigan has teamed up with the Michigan Department of Military and Veterans Affairs and the … Continue reading Help Available to Connect Michigan Veterans with 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
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.
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
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
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