Author: dcadmin
Questions Arise Over Repayment Of Money Paid Pensioners In Error
Pontiac retirees who were accidentally overpaid may have to give back that money. But an activist group says they shouldn’t have to cough up the cash.
Signed, Sealed and Delivered! 1,500+ comments delivered to the Internal Revenue Service
Yesterday afternoon, Karen Friedman, Nancy Hwa and I hand-delivered more than 1,500 comments to the Internal Revenue Service. These comments were in response to the Treasury Department’s Request for Information on future guidance relating to the implementation of the Multiemployer Pension Reform Act of 2014, a law that for the first time allows the trustees […]
Pension rights group: Overpayments to Pontiac retirees should be forgiven
Internal Revenue Service rules could allow the 150-percent-funded Pontiac General Employees Retirement System to forgive overpayments made for 16 months to 600 retirees.
Red flags for those mapping out their retirement years
You think your Social Security benefits aren’t vulnerable? Then you should pay attention to what’s happened with pensions.
PBGC may need a financial safety net of its own
Forty years after it was created, the future of the federal agency that guarantees employees’ and retirees’ pension benefits is in doubt.
Multiemployer pensions rescue buys the PBGC some time
While experts may disagree on the strength of the Pension Benefit Guaranty Corp.’s insurance program for single-employer pension plans, there is a broad consensus that lawmakers had to act last year to prevent the collapse of big, underfunded multiemployer pension plans, and with that the PBGC’s multiemployer insurance program.
Shortfalls sabotage promise of union retirees’ pensions
Once considered sacrosanct, many retiree pensions may no longer be secure. A change in federal law passed last year with bipartisan support would allow struggling union pension funds to cut benefits for retirees younger than 75 by as much as 60 percent.
Could these policy fixes help you save for retirement?
Despite the challenges many Americans face in setting aside enough money to finance their golden years, experts say the retirement system is not a lost cause. But a few improvements—many already in the works—could make a big difference for savers.
Spouses should have a say in whether survivor benefits will be provided
A recent New York Post article drew attention to a widow facing a tragic situation. Her husband, a retired police officer, had taken his own life. Without going into the grisly details of the case, her husband wanted to cause his wife as much pain as possible. Three weeks before his suicide, the retiree changed […]
Two States Consider De-Risking Legislation; Insurance Lawmaker Group Adopts Guidelines
As more companies offload their defined benefit pension obligations to insurance companies in multibillion-dollar transactions, legislators in some states are starting to take notice and to consider laws that are aimed at protecting retirees.
6th Cir. Church Plan Case Against Ascension Remanded for Settlement Consideration
The first church plan case to reach the federal appellate courts is being returned to the district court to consider a proposed settlement between the parties, according to an order issued by the U.S. Court of Appeals for the Sixth Circuit (Overall v. Ascension Health, 6th Cir., No. 14-1735, 3/17/15).
8 Questions To Ask Before Taking A Pension Lump Sum Offer
When it comes to analyzing a lump sum pension offer, employees need more help. That’s the conclusion of a new Government Accountability Office report, Participants Need Better Information When Offered Lump Sums That Replace Their Lifetime Benefits.
