Significant victory for NJEA members regarding pension rights
Murphy signs the intrusion law In a significant win for NJEA members, Governor Murphy has enacted law S2078/A1675. This legislation returns many educators to their original pension tier, addressing the issue for those who experienced career breaks of over two years. Affected individuals, especially women who stepped away to care for family, found themselves in […]
I want to postpone making a decision. I’m 72, have over $1M saved and a pension. I will receive $7.2K monthly in retirement income. How can I avoid some required minimum distributions?
I’m turning 73 soon and have over $1 million saved up. I’ve got a decent pension for half the year, and I work part-time as an alternative teacher a couple of days weekly. Plus, I earn around $10,000 annually from gig work (I document this on my Schedule C). Honestly, I don’t need the money […]
Union of head teachers calls for action on underperforming pension scheme
Teacher Pension Scheme Under Scrutiny The teachers’ union is urging the Ministry of Education to step in regarding what it labels a “failed” pension scheme for educators. The National Association of Principals points out multiple issues within the system, which currently serves around two million members. They have mentioned issues like late payments, leading to […]
Be cautious of the dual tax threat targeting your pension.
The situation surrounding pensions is set to change significantly in the next 18 months, raising concerns for many. Recent government data indicates that starting in April, new state pensions will see a 4.7% increase due to the triple lock guarantee. This adjustment means that, unless this guarantee is altered, numerous pensioners will end up facing […]
Educators take legal action to retain authority over Ohio pension board.
Ohio’s Teacher Resignation Systems Committee Management Shift A trio of educators in Ohio is advocating for a change in the law that would transfer the oversight of the Teacher Resignation Systems Committee from educators to politically appointed individuals. This move was initiated by the Ohio Education Association, the Ohio State Federation of Teachers, and the […]
Ohio teachers sue the state for being removed from the board of the retired teachers’ pension fund
Ohio Educators Union Sues State Over Pension Fund Changes COLOMBUS, Ohio — The largest educators’ union in Ohio is taking legal action against the state regarding recent modifications to the pension fund for retired teachers. On Tuesday, a lawsuit was filed by the Ohio Education Association (OEA), the Ohio State Federation of Teachers (OFT), and […]
UK state pension: what is the triple lock, and could it be removed?
The new state pension is expected to rise by around £11, bringing it to £241 starting next April, thanks to the triple lock system. However, the figures on inflation—specifically that potential 4.7% increase, translating to an extra £560 per year—need official confirmation. This situation may reignite discussions about the sustainability of the Triple Lock and […]
Many retired Houston city employees are still awaiting their promised pension payments.
Houston Retirees Face Financial Struggles Due to Pension Delays Over 1,000 former city employees from Houston are experiencing serious financial troubles after waiting nearly five months for their promised pension payments through the Early Retirement Pension Program. Javier Medina, a former engineer with the Houston Police Department, is among the many retirees still awaiting their […]
Houston retirees experiencing delays in pension payments for months
Nearly 300 retired city employees in Houston, a city led by Democrats, are reportedly still waiting for their pension payments months after opting for an early retirement package aimed at reducing costs. Local reports indicate that Mayor John Whitmire has pushed back against criticisms regarding the delays in payments from Houston’s Employee Pension Plan (HMEPS). […]
Many retired city employees have been waiting for months to receive their pension payments: ‘I need my money’
Retired City Employees Face Delays in Pension Payments Nearly 300 retired employees from Houston are reportedly waiting months to receive their pension payments after opting for an early retirement package aimed at cost reduction. Houston’s Mayor John Whitmire has defended the city’s Employee Pension Plan (HMEPS) amid complaints about the delays. He emphasized that the […]