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Pension Rights Center

6th Cir. Church Plan Case Against Ascension Remanded for Settlement Consideration

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The first church plan case to reach the federal appellate courts is being returned to the district court to consider a proposed settlement between the parties, according to an order issued by the U.S. Court of Appeals for the Sixth Circuit (Overall v. Ascension Health, 6th Cir., No. 14-1735, 3/17/15).

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8 Questions To Ask Before Taking A Pension Lump Sum Offer

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When it comes to analyzing a lump sum pension offer, employees need more help. That’s the conclusion of a new Government Accountability Office report, Participants Need Better Information When Offered Lump Sums That Replace Their Lifetime Benefits.

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Significant pension cuts loom for retirees

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Since Whitley Wyatt retired in 2000 after 33 years as a trucker, he’s collected a pension of $3,300 a month. Now, the 71-year-old says as much as $2,000 of his monthly check is at risk because of legislation passed by Congress last year that is meant to help underfunded multiemployer pension plans bolster their finances by giving them a way to cut benefits for some retirees.

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Retirement Income Gap Projected at $7.7T

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The Pension Rights Center updated its aggregate U.S. retirement income deficit figure to $7.7 trillion—up from $6.6 trillion just five years earlier—in conjunction with today’s retirement preparedness hearing by the U.S. Senate Special Committee on Aging.

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Nation's Retirement Income Deficit Now $7.7 Trillion

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Washington – Five years after it was first announced, the nation’s Retirement Income Deficit (RID) has risen from $6.6 trillion to $7.7 trillion.

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Obama puts weight behind push for fiduciary standard

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With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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Which are the best countries in the world to grow old in?

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Pensions and healthcare benefits vary widely across the globe as do people’s perception of their happiness

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DOL Fiduciary Re-Proposal Fires Up Foes, Supporters, as They Brace for Battle

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Opponents and supporters of the Department of Labor's fiduciary rule began gearing up for battle as soon as President Barack Obama said that he was throwing his support behind it.

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DC execs expecting big changes from Obama push on fiduciary standard

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With President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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Can They Grab Your Pension?

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Clawbacks become more common as plans discover they overpaid recipients.

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