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Financial Scams Against Seniors “Skyrocketing”; Elderly Most-Targeted of Any Age Group
Seniors and their savings make enticing targets for financial fraudsters. That isn’t changing, as statistics show seniors filed more fraud complaints in 2013 than in years previous.
Kiplinger ...
Detroit Pensioners Can Expect To See Benefits Cut By March 1st
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.
General retirees will be hit ...
Could This Minor Tweak Make Social Security More Sustainable?
Debates about reforming Social Security usually center on cutting benefits, raising the retirement age or increasing taxes.
But there’s a new idea floating around that claims it can ...
Colorado Governors: Pension Benefit Structure “Skewed”; Too Many Retirees Given “Short Stick”
Two former Colorado governors penned a column in Friday’s Denver Post that raised questions about whether too many employees were getting the “short stick” regarding pension benefits.
Richard ...
Judge: Illinois Pension Reform Law Is Unconstitutional
A Circuit Court judge ruled Friday afternoon that Illinois’ sweeping pension reform law is unconstitutional.
Judge John Belz said in his ruling that the Illinois constitutional makes ...
Group of Retirees To Appeal Detroit’s Pension Cuts
The judge overseeing Detroit’s bankruptcy, Judge Steven Rhodes, said this month there was a 25 percent chance his ruling allowing pension cuts could be overturned if appealed.
That ...
New Jersey Lawmaker Wants to Reduce Pension Tax to Keep Retirees From Leaving State
In light of a recent poll that found 25 percent of New Jersey residents are “very likely” to leave the state when they retire, one lawmaker wants to reform the way the state taxes ...
Waiver on Retirement Income Tax Gains Steam in Rhode Island
Rhode Island is one of a handful of states that tax social security and pension benefits.
But the idea of offering a waiver on those taxes is gaining momentum in the state, and the ...
Social Security Recipients To Receive 1.7 Percent Benefit Increase in 2015
Important news for social security beneficiaries: the Social Security Administration has announced a 1.7 percent benefit increase in the form of a cost-of-living-adjustment.
The increase ...
Louisiana’s “Highly Risky” Pension Buyout Proposal Shot Down
Louisiana lawmakers were floating a plan to borrow money and buy out the pensions of thousands of “vested” retirees – paying them a lump sum payment up front in order to reduce ...
