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 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
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
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 eligibility restrictions, and there is never a charge for services provided by MAPRP. The Mid-America Pension Rights Project works to find answers and solutions to your pension-related problem. Just ask Mr. K. Mr. K worked for a municipality for over 30 years. He began collecting his pension at age 62. At that time … Continue reading MAPRP Success Story: Mr. K
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
Via U.S. News By Dave Hughes Retirement is not one-size-fits-all. There are many ways to envision how you’ll spend your retirement. Identifying your retirement personality type can help you gain clarity about what you want your retirement to be like on a day-to-day basis. You might see yourself in more than one of these categories, and the categories you fit into may change as your retirement … Continue reading What’s Your Retirement Personality Type?
Via kentucky.com By Dion Henry, Lexington Herald Leader July 29, 2017 Gov. Matt Bevin and lawmakers are threatening to switch newly hired public employees into a defined contribution 401(k)-style retirement plan. Others, including the Bluegrass Institute, are urging them to cut retirement benefits for current firefighters, nurses and teachers. Read the full article. Continue reading Retirement security of public employees across Kentucky is under siege.