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Kenneth Feinberg Appointed to Oversee Benefit Reductions for Multi-Employer Plans

Congress last year passed legislation that allows trustees of some multiemployer pension plans to submit proposals for benefit reductions; the process is designed to give funding relief ...
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Military Pension Overhaul Hits Snag As Bill Passed, Then Blocked, By Senate

A proposed overhaul of the U.S. military’s pension system, endorsed by the Pentagon last week, has now hit a roadblock. The overhaul was one piece of a much larger military bill ...
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Social Security Q&A: Are My Benefits Enough to Retire Now?

Question: I would like to retire at 60. I am 59-and-a-half this year. My husband and I were married for four years. He passed away when he was 57 and never applied for Social Security. ...
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California Supreme Court Upholds San Francisco Pension Cut Reversal; COLAs Restored for Many

The California Supreme Court denied the state’s appeal Wednesday to a recent lower court decision that reversed a portion of pension cuts passed in 2011. The court overturned the ...
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Social Security Q&A: Do Social Security Benefits Help the Economy?

Question: These days, with millennials hurting, there is talk of generational “warfare.” Greedy geezers versus unemployed millennials, with the lurking specter of poorly paid millennials ...
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Task Force Will Look At Funding Solutions For Kentucky Teachers’ Pension

Kentucky Gov. Steve Beshear announced on Tuesday the creation of a 23-person panel that will act as a pension funding “task force”. The panel will study the state’s Teachers’ ...
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Social Security Q&A: Will My Spousal Benefit Reduce My Husband’s Retirement Benefit?

Question: I currently receive benefits under the civil service program with the federal government and don’t have enough paid into Social Security. My husband retired on disability ...
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Texas Law Boosts Pension Contributions for Workers, State

Texas Gov. Greg Abbott last week approved a measure that will increase pension contributions for both employees and the state, in an effort to improve the funding of the state’s ...
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Social Security Q&A: Can I Claim on My First Ex’s Record After Divorcing?

Question: I am 63 and get my own Social Security every month. I am still married but separated and planning to divorce soon. My first marriage ended in divorce after 20 years. When ...
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Pennsylvania Took Familiar Path to Pension Underfunding

Pennsylvania’s pension underfunding stems from a series of policy decisions – a mix of contribution holidays and benefit increases – made in the 1990’s and early 2000’s. Pennsylvania’s ...
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