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 Prosecutor: Montgomery County Employees Short-changed by Ohio Pension Fund

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

Red corded phone.

Help Available to Connect Michigan Veterans with Benefits

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

Stacks of coins.

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

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.

Pension Benefit Guaranty sues Fay Construction over terminated pension plan

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