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Judge Rejects Appeal From Detroit Retirees; Pension Cuts Remain In-Tact

A federal judge on Thursday denied an appeal brought by Detroit pensioners, who sought a rollback of the pension cuts levied on retirees during the city’s bankruptcy proceedings. At ...
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Congress Unveils Deal to Overhaul Military Retirement System

The months-long debate over how to overhaul the U.S. military retirement system may be reaching its conclusion. Congress on Tuesday unveiled a bill to act on Pentagon-endorsed recommendations ...
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Leading Retirement Think Tank Changes Tone on 401k(s)

Research conducted by the Center for Retirement Research at Boston College has traditionally suggested that the trend of shifting from defined benefit plans to defined contribution ...
What Tom Wolf’s Win Means For Pennsylvania Pensions

Pennsylvania Gov. Wolf Proposes Pension Overhaul Amid Budget Impasse

Pennsylvania has now gone two months without a budget, and the end of the impasse isn’t in sight. In an attempt to jump-start negotiations, Democratic Gov. Tom Wolf on Thursday proposed ...
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Chart: Retirement Income By Source – In 1975 and 2013

Here’s a chart that shows the percentage of a retiree’s income stream that comes from various sources. More people are drawing pensions today than they were 40 years ago ...
What Happens to Your Disability Benefit When You Reach Full Retirement Age?

Video: Pros and Cons of Increasing the Social Security Tax Cap

Here’s a segment from PBS NewsHour that explores the idea of raising the limit on the amount of income subject to payroll taxes. How much would raising the cap help Social Security’s ...
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In Pennsylvania Municipality, Pension Boards Sue City Over COLA Cuts

In the city of Scranton, Pennsylvania, the pension boards representing the city’s police and firefighters this weekend sued the city to unfreeze retiree cost-of-living adjustments, ...
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Video: Rethinking Social Security Benefit Calculation – What Are The Pros and Cons of Changing the Benefit Formula

Here’s a segment from PBS NewsHour that examines the pros and cons of reducing Social Security benefits by tying them to cost-of-living increases rather than wage increases. ...
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N.J. Unions Petition U.S. Supreme Court to Hear Pension Funding Case

Early this summer, the New Jersey Supreme Court ruled that Chris Christie didn’t act illegally when he slashed state pension contributions by over $3 billion between 2013 and 2015, ...
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Federal, State Regulators Sue “Pension Advance” Firms Over Deception

In the past, we’ve briefly covered “pension advance” firms – firms that make very high-interest loans against retirees’ pensions, similar to a payday loan model. The business ...
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