pensions

Economy
11:31 am
Mon July 28, 2014

A look at the changing face of pensions

Credit Flickr - 401(K)_2012

From the Detroit bankruptcy to a high-profile lawsuit against phone giant Verizon, pensions are in the news lately. With all the talk about pensions being frozen, or reduced, or bought out, we wanted to get kind of a “Pensions 101” perspective.

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Politics & Government
12:02 pm
Wed April 23, 2014

Pension reformer urges shift to 401k-style plans

Dan Liljenquist says lasting pension reform would put workers in control of their own retirement.
Credit Courtesy of www.mackinac.org

Fewer Americans enjoy the benefits of a pension in retirement. The recession wiped out so much invested wealth, enough of it earmarked for public workers’ pensions, that states fell much further behind in funding them. A period of transition continues, with state and local governments switching more workers to 401k style retirement plans.

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NewsRoom
4:53 pm
Mon August 5, 2013

Retirees Challenge Michigan Pension Tax In Court

A class-action lawsuit has been filed on behalf of retired public employees against the state for extending Michigan’s income tax to pensions.

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NewsRoom
5:13 pm
Fri September 28, 2012

Judge Says State Workers’ 4% Retirement Contribution is Unconstitutional

WKAR File Photo

State workers would no longer have to fork out four-percent of their salaries to keep their pensions if a judge’s ruling stands.

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