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Retirement Benefits
No more double dips for public pension retirees
March 29, 2013
Kathleen McLaughlinThe Indiana Legislature has passed a bill that would cut off supplemental benefits for public pensioners in their second careers
— a practice commonly known as double-dipping.
MoreStrong sales of retirement plans boost OneAmerica
March 22, 2013
Chris O'MalleyA big bet on employer-sponsored retirement plans is paying off for locally based OneAmerica Financial Partners, a company
best known for its life insurance offerings.
MoreIndiana pension system is country's most conservative
August 11, 2012
The Indiana Public Retirement System has cut its assumed rate of return from 7 percent to 6.75 percent, becoming the first
large pension system in the country to go below 7 percent.
MoreState mulls ditching traditional pensions
November 5, 2011
Francesca JaroszLawmakers are mulling converting the state’s pension system into a 401(k)-like model, bringing Indiana into the heated
national debate over public pensions.
MoreGovernment pension performance stings cities
September 17, 2011
Francesca JaroszThe pension fund that holds benefits for public employees has seen improved investment returns over the last two years, but
the hammering it took during the depths of the recession continues to deal a blow to cities, counties and other employers.
MoreIndiana University to offer workers buyout plan
March 11, 2011
Associated PressIndiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
MoreMore cash-strapped workers dipping into 401(k) accounts
August 20, 2010
Associated PressA record number made hardship withdrawals in the second quarter, and the number of of workers who borrowed from their accounts
reached a 10-year high, according to Fidelity Investments.
MoreVisteon ordered to reinstate health care to retirees
August 17, 2010
Bloomberg NewsThe mandate from a U.S. bankruptcy judge will supply retroactive benefits to more than 6,000 Visteon Corp. retirees who lost
insurance coverage after
the
Michigan-based auto-parts maker filed for bankruptcy in 2009, including 2,100 workers in Indiana.
MoreAARP backs retirees in court fight over IPL benefits plan
May 20, 2010
Chris O'MalleyThe AARP says IPL "perverted" a promise to its retirees regarding post-retirement benefits. The retirees have appealed
their case to the Indiana Supreme Court.
MoreVeolia concessions worry regulators
May 8, 2010
Chris O'MalleyTestimony filed in Indianapolis Water Co.'s rate case shows the city in 2007 agreed to take on millions of dollars in costs
from the private firm it hired to operate the utility, including $48 million in retiree medical plan obligations.
MoreDaniels revives push to merge PERF, TRF pension funds
January 30, 2010
Peter SchnitzlerGov. Mitch Daniels wants legislators to revive a merger of the Indiana Public Employees Retirement Fund and the Indiana
State Teachers Retirement Fund. He says the move could save up to $50 million a year in fees.
MoreRetirement plans changing as employers cut costs, workers crave stability
June 8, 2009
J.K. WallLast fall's Wall Street meltdown, which erased half the value of some 401(k) retirement plans, has both employers and employees
re-examining what to expect long term.
MoreIPL wins retiree benefit dispute
May 25, 2009
Chris O'MalleyIndianapolis Power & Light could have been on the hook for more than $100 million in retirement benefits, but a ruling this
month by the Indiana Utility Regulatory Commission allows IPL to keep the money.
MoreFearful companies are curtailing employee insurance, retirement perks
March 2, 2009
J.K. WallExperts worry that if unemployment worsens, even more companies could be forced to cut benefits, especially health insurance.
MoreCompanies face pension-plan shortfalls
November 24, 2008
Chris O'MalleyPrivate employers that still offer traditional pension plans are getting a big shock as they assess how much more it will
cost to shoulder retirement obligations.
MoreWellPoint 401(k) participants sue over decline in stock price
June 9, 2008
J.K. WallAngela Braly, Wayne DeVeydt and the rest of the top brass at WellPoint Inc. face wrath over the company's recent stock swoon
from a new group: ex-employees. Four former WellPoint workers have filed lawsuits against the Indianapolis-based health insurance
giant over the losses its 401(k) retirement plan suffered in March when the company slashed its profit forecast for the year.
MoreUnion says utility owes $115M
November 19, 2007
Chris O'MalleyIn a case with huge financial implications for Indianapolis Power & Light and Virginia parent AES Corp., a labor union and
16 IPL retirees have asked regulators to force the utility to pay up to $115 million to back-fund a retirement plan it spun
off in 2001.
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Doug Henning!
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Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.