pensions

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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