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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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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.