Tag: Pension

Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors, Social Security

(Mid-America Pension Rights Project:) Delaying Social Security Benefits? Here’s How Long It Will Take for It to Pay Off

Via The Motley Fool By Christy Bieber You can claim Social Security benefits at the age of 62 — but should you? Many people — including experts from Stanford — argue for delaying as long as possible because benefits go up the longer you wait. And there are indeed plenty of good reasons to delay. Social Security provides a guaranteed source of income for life, so waiting … Continue reading (Mid-America Pension Rights Project:) Delaying Social Security Benefits? Here’s How Long It Will Take for It to Pay Off

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FYI, Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors, Tips

(Mid-America Pension Rights Project:) You Need This Much Retirement Savings At Your Age And Income

Via Investors Business Daily By Paul Katzeff Are you saving enough for an affordable retirement? Knowing how much to save for retirement is a key question in planning. Yet many people don’t know how to figure out the right amount of retirement savings and don’t even try, even though knowing is important to their financial health. Read the full article. Continue reading (Mid-America Pension Rights Project:) You Need This Much Retirement Savings At Your Age And Income

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divorce, Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors

(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

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Mid-America Pension Rights Project, Money and Finances, Pension, Retirement, seniors

(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

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Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement, seniors

(Mid-America Pension Rights Project:) FedEx to Shift $6 Billion in Pension Obligations to MetLife

Via American Journal of Transportation, By Mary Schlangenstein and Katherine Chiglinsky FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs. The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement Tuesday. FedEx, which said it would take a non-cash charge related … Continue reading (Mid-America Pension Rights Project:) FedEx to Shift $6 Billion in Pension Obligations to MetLife

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fraud, Legal, Mid-America Pension Rights Project, Money and Finances, Pension

(Mid-America Pension Rights Project:) Chattanooga Pension Fund Sues Wells Fargo for Alleged Fraud Over Revenue Sharing

Via Pensions&Investments, By Rob Kozlowski Chattanooga (Tenn.) Fire and Police Pension Fund has filed a lawsuit in Tennessee court against Wells Fargo, its custodian and trustee, alleging potential fraud and overcharging in its role as trustee, The suit, filed Tuesday in the Chancery Court of Hamilton County, alleges that Wells Fargo has not provided any disclosures regarding “significant compensation from third-party mutual funds and potentially … Continue reading (Mid-America Pension Rights Project:) Chattanooga Pension Fund Sues Wells Fargo for Alleged Fraud Over Revenue Sharing

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Mid-America Pension Rights Project, Money and Finances, Pension, Retirement

(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

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Aging in Place, FYI, Mid-America Pension Rights Project, Money and Finances, Planning for the Future, Retirement, seniors, Tips

5 Tips for Boosting Your Retirement Savings

Via Dayton Daily News By Kara Driscoll The concept of retirement is quickly evolving for Americans, who are no longer ending their work lives in their late 50s and early 60s. Now, workers are extending their careers for a multitude of reasons: financial hardship, Social Security and pension changes, household dynamics and a need for a purpose. By 2022, more than 27 percent of Ohio’s … Continue reading 5 Tips for Boosting Your Retirement Savings

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Mid-America Pension Rights Project, Money and Finances, Pension, Planning for the Future, Retirement

(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

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Money and Finances, Pension, Retirement

(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

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