(Mid-America Pension Rights Project): Pension crisis worries mid-state retirees

Via Fox17 By Nikki Junewicz It’s a looming crisis set to impact one million American workers, including thousands in middle Tennessee: pension cuts. This weekend local union members came together to talk about what they’re going to do if or when the pension plans they’ve been paying into for decades run out. “I do feel it’s a betrayal, and it strikes me as particularly un-American … Continue reading (Mid-America Pension Rights Project): Pension crisis worries mid-state retirees

(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

(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

TN Dept. of Commerce and Insurance Warns of Pension Scams

via fox17.com, by Adrian Mojica,¬†Fox 17, Tuesday, April 5, 2016, The Tennessee Department of Commerce and Insurance is warning Tennesseans about a pension scam. According to the TDCI, the scam involves alleged “investors” who say they will provide cash advances to those willing to turn over future pension payments in exchange for immediate lump sum cash payments. The TDCI says before making any decisions with … Continue reading TN Dept. of Commerce and Insurance Warns of Pension Scams