Pension Cuts Kick In For Detroit Retirees
As part of Detroit’s bankruptcy proceedings, the city’s pensioners agreed to stomach some benefit cuts in order to ward off potentially steeper cuts.
Those cuts kicked in on Sunday, ...
Minnesota Lawmakers Consider Wave of Bills to Phase Out Social Security Tax
Minnesota is one of seven states that offer no tax breaks on Social Security income.
But that might not be the case for long.
Lawmakers are weighing no less than five different bills ...
Utility Companies Warn of Fake Employee Scams
At least one utility company is issuing warnings to consumers after a recent surge in utility-related scams.
Scammers are posing as employees of utility companies and running scams ...
More Details on New Jersey Pension Changes As Commission Release Report; Proposal Would Bring Savings to State, Cuts to Workers
New Jersey Gov. Chris Christie unveiled a series of pension reform proposals at his budget address yesterday.
But he’s taking his cues from a just-released report from his pension ...
Chart: Reasons For Lack of Retirement Confidence Among Public Workers
Public workers aren’t confident about having enough income and savings to last through retirement. Why? The number one reason is inadequate savings. A significant portion of ...
Christie Budget Will Include Pension Cuts; Gov. Will Negotiate For Further Reforms
New Jersey Gov. Chris Christie will give his budget address on Tuesday afternoon, and details are already leaking about what it will contain.
The governor’s office says that the ...
Obama Pushes For Tighter Rules For Brokers of Retirement Accounts
When Americans need financial advice or help with their retirement account, they often go to a broker.
But those brokers aren’t all required to disclose potential conflicts of interest.
That ...
Documents: Illinois Gov. Rauner’s Budget Will Recommend Pension Cuts
Illinois Gov. Bruce Rauner will give his budget address on Wednesday afternoon. He’ll announce a number of cost-cutting proposals, and pensions are sure to be featured.
What specifically ...
Study: Social Security Cuts Would Hit Generation Xers in Their Wallets
The Employee Benefit Research Institute Research on Tuesday released research studying the effect of Social Security cuts on Generation Xers.
The vast majority of Gen Xers – 83 percent ...
New York Gov. Seeks to Retroactively Strip Pensions From Public Officials Convicted of Felonies
The arrest of New York Assembly Speaker Sheldon Silver last month left a bitter taste in the mouths of many in the New York legislature.
The arrest came at an ironic time, just as ...
