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New Budget Deal Has Implications for Corporate Pensions

The U.S. House of Representatives passed a two-year budget deal on Wednesday, and if the bill becomes law, it has implications for corporate pensions. The deal levies higher fees on ...
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Lawmaker Proposes Linking Nursing Homes’ HUD Loan Eligibility to CMS Quality Ratings

A U.S. representative this week filed legislation that would link a nursing home’s eligibility for federally backed loans to the facility’s CMS quality ratings. The legislation ...
16 States Oppose Nursing Home Pre-Dispute Arbitration Clause; Takes Power “Out of Hands of Consumer”

16 States Oppose Nursing Home Pre-Dispute Arbitration Clause; Takes Power “Out of Hands of Consumer”

  It’s common practice, when being admitted to a nursing home, for the resident to sign a pre-dispute arbitration clause – a document that forces residents to agree up-front ...
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Nursing Home Industry Says Proposed Rules Are Too Burdensome

The Center for Medicare Services this summer released a sweeping, 400-page rules proposal that aims to improve quality of care and patient safety at long-term-care facilities participating ...
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Another Chicago Pension Law Goes to Court

An Illinois union and several workers last week filed a lawsuit challenging the legality of a 2014 pension law that altered benefits for Chicago Park District employees. The 2014 law ...
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Elder Financial Abuse: Power of Attorney Scams

In this column, financial elder abuse attorney Craig T. Matthews explains how seniors can protect themselves from abuse of a power of attorney by family or friends, and how to spot ...
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No Social Security Increase in 2016

Before this week, it had only happened two times since 1975. Now, it’s happening again. There will be no Social Security benefit increase in 2016. Benefits change on a year-to-year ...
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U.S. Senate Hears Testimony on Predatory Pension Advance Schemes

OpenRetirement has occasionally covered the growing business of pension advances—businesses that apply the concept of a payday advance to retirement benefits by giving retirees an ...
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Teamsters’ Pension Fund Warns 400,000 Members of Benefit Cuts

The Teamsters’ Central States Pension Fund sent out a letter to its members this week, warning them that their benefits are going to be cut as the fund looks to remain solvent. Such ...
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Chuck Reed Reworks, Re-Releases California Pension Ballot Measures Aiming to Curb Benefits

After the first iteration failed to generate much funding or support, former San Diego Mayor Chuck Reed reworked his benefit-cutting ballot measure and released the updated measures ...
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