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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
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. ...
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, ...
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 ...


