Pension system launches database to help Hoosiers get unclaimed retirement benefits
As of October, about 3,700 INPRS members were eligible to request their earned retirement benefits, with median monthly payments ranging from $545.50 to $783.50.
Retirement Benefits
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About to retire? Financial advisers say flexibility is key when economy is uncertain.
A surge in baby boomers nearing 65—about 4 million Americans turn 65 this year—means more people are making tough decisions about retirement. That surge is expected to continue through 2027.
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OneAmerica to sell retirement plan business in deal worth up to $210M
Indianapolis-based OneAmerica Financial Inc.—the city’s largest private company—has agreed to sell its full-service retirement plan business to New York City-based Voya Financial Inc., the companies announced Wednesday.
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Articles
Social Security increase in line with inflation but trails key expenses
While the cost-of-living increase is in line with overall inflation for the year, it trails categories that are particularly relevant to older adults.
Social Security’s 90th anniversary marked by funding threats, privatization talk
Trump and other Republicans have said they will not cut Social Security benefits, yet the program remains far from the sound economic system that FDR envisioned 90 years ago.
Retirees to get 2.5% boost to Social Security checks in 2025
Monthly checks for some 72.5 million Americans receiving retirement or disability benefits will see a smaller adjustment than what they received this year after a further slowdown in inflation.
With its triple-tax benefits, the humble HSA emerges as a retirement savings powerhouse
Increasingly, benefits brokers and personal-finance experts are advising people use cash to pay for health care and investing the HSA funds for decades.
State lawmaker pension panel recommends 13th check, cost-of-living adjustment
Indiana should move from ad hoc public retirement benefit increases to a long-term approach that guarantees former public employees a 13th check or cost of living adjustment, or COLA, annually, an interim committee recommended Tuesday.
Social Security benefits to jump by 8.7% next year
The cost-of living adjustment—the largest in more than 40 years—means the average recipient will receive more than $140 extra a month beginning in January, the Social Security Administration said Thursday.
Rejected by courts, retirees take last shot to save pensions
An estimated 20,000 Delphi workers, including more than 4,000 in Indiana, were hurt by the 2009 GM bankruptcy, and many have spent the past 13 years fighting to get back what they lost.
Crypto plunge is cautionary tale for public pension funds
The recent crypto meltdown has prompted a larger question: For pension funds that ensure teachers, firefighters, police and other public workers receive benefits in retirement after public service, is any amount of crypto investment too risky?
Bill would restore pension benefits to 20K Delphi retirees
The largest concentrations of affected Delphi retirees are in Michigan (5,859), Ohio (5,181) and Indiana (4,044).
Social Security cost-of-living adjustment largest in decades
The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.
Social Security recipients to see modest increase in 2021
The cost-of-living adjustment, or COLA, affects the personal finances of about 1 in 5 Americans, including Social Security recipients, disabled veterans and federal retirees, about 70 million people.
One of city’s largest, oldest benefits firms to be acquired
Nyhart has agreed to be acquired by Dresher, Pennsylvania-based Ascensus, the nation’s largest independent provider of retirement and college savings services.
Worker pension plan lawsuits draw review from U.S. Supreme Court
The U.S. Supreme Court agreed to consider giving workers who participate in pension plans more ability to sue when they believe the money is being mismanaged.
Americans lose trillions claiming Social Security at wrong time
Almost all American retirees claim Social Security at the wrong time, a new report estimates, which means they will miss out on a collective $3.4 trillion in benefits before they die.
Supreme Court to hear bid to limit retirement-plan lawsuits
The U.S. Supreme Court agreed to use an appeal by Intel Corp. to consider tightening the deadlines for lawsuits over the investments made by worker retirement plans.
Survey: U.S. retirement savings in best shape in years
The surging stock market, which has more than quadrupled since early 2009, has helped increase the value of 401(k) and Individual Retirement Accounts.
Trump rejects idea of new caps on 401(k) savings in tax plan
President Donald Trump on Monday shot down reports that House Republicans were considering tweaking or capping one of the most popular breaks.
ANDREWS: With employee ownership, firm takes road less traveled
Indianapolis construction firm Shiel Sexton Co. finalized a transaction Sept. 30 making it 100 percent employee-owned.
Social Security recipients to get tiny increase in benefits
Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low or no raises.