Jump to Navigation
Jump to Content

Pension counseling

Should you take your pension as a lump sum?

Publication

Some companies, such as General Motors (GM) and Ford, have offered to cash out the pensions of certain retirees and former employees and instead give them a one-time lump-sum payment.

More...

What is Recoupment?

Publication

I received a letter from my pension plan stating that it has been overpaying me. The letter says that the plan is going to reduce my monthly payments and that I will also have to pay an additional amount to the plan. What can I do?

More...

Pensions lost and (hopefully) found

Blog entry

Imagine earning a pension after many years of hard work with a company. Then you leave your employer before retiring and without claiming your pension. When you reach retirement age, you expect to be able to start receiving that pension but you are unable to find the employer or the plan. Your pension plan is “lost”.

More...

Accounting mistakes can squeeze pension benefits

News Item

An article in the Pittsburgh Post-Gazette details the problem of recoupment -- when a pension plan demand repayment of money that it overpaid to a retiree -- and highlights the work of the Mid-America Pension Rights Project.

More...

No divorce means widow is entitled to husband’s pension

Page

Maureen contacted the Mid-America Pension Rights Project with a unique issue. Upon her husband’s death in 2005, she was told that she wasn’t entitled to a share of his pension because the plan had no record that her husband was married.

More...

Restarting a pension becomes a family matter

Page

When Emma, a widow living in a nursing home, suddenly stopped receiving her monthly pension payments in May 2013, she turned to Lily, her granddaughter, for helpEmma had been receiving a survivor pension since her husband’s death in 1959 and didn’t know why her monthly pension payments had stopped

More...

Keep an Eye on Finances During a Divorce

News Item

Divorce at any age will send tremors through your finances. But when it comes later in life, it's sure to upend even the best-laid financial plans.

More...

An unusual victory for the Mid-Atlantic Pension Counseling Project

Page

When Carol Cascio’s husband suddenly died of a heart attack at age 52, her husband's pension plan told her that she would receive a survivor’s benefit in three years, when her husband would have been eligible for early retirement had he lived. The benefit would be based on the pension her husband had earned during his 33 years of work at a local supermarket.

More...

Taking Charge: You can get help unraveling your pension benefits

News Item

The New England Pension Assistance Project is featured in this column, in which a reader asks for advice on getting information on his or her retirement plans.

More...
print Syndicate content