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 Orleans Pension Officials Consider Benefit Cuts
The board of the New Orleans Municipal Employees Retirement System (NOMERS) – the city’s largest public pension fund – is considering a series of cost cutting measures, some ...
Milwaukee County Pensioners May Not See Reduced Benefits After All
Last week, OpenRetirement covered the story of Milwaukee County pensioners who were facing benefit reductions because they had previously taken government advice that led to pension ...
What Does Congressional Gridlock Mean for Federal Pensions? It Might Be Good News For Workers
Gridlock has become the new norm in Congress. The last two Congressional sessions (112th and 113th) were arguably the two least-productive sessions in the history of the country.
Republicans ...
Congress Passes Social Security Rule Tweak – What Does It Mean?
Social Security’s disability fund could run out of money by 2016. In the past, shortfalls in the disability program have been addressed by shifting money into the disability fund ...
Women Especially Vulnerable to Congress’ Pension Cuts
Last week, Congress passed a bill that contained the Multiemployer Pension Reform Act of 2014, which allows trustees in multi-employer plans to cut benefits in order to remain solvent.
The ...
Judge: California Firefighters Can’t Sue Bankrupt City Over Lost Benefits
A judge ruled last week that firefighters working for the bankrupt California city of San Bernardino cannot sue the city in an attempt to recover lost benefits.
The firefighters claim ...
Congressional Budget Office Weighs Benefits Cuts for Federal Employees
The Congressional Budget Office (CBO) released a report last week outlining ways to trim the federal deficit over the next ten years.
Some of those recommendations put the cross-hairs ...
What Tom Wolf’s Win Means For Pennsylvania Pensions
Tom Wolf and Tom Corbett had two very different visions for Pennsylvania’s pension system. If newly-elected Governor Wolf attempts to reform the state’s retirement system, it ...
