AARP backs retirees in court fight over IPL benefits plan
The AARP says IPL "perverted" a promise to its retirees regarding post-retirement benefits. The retirees have appealed their case to the Indiana Supreme Court.
Retirement Benefits
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Veolia concessions worry regulators
Testimony 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.
Biden to announce retirement savings safeguards
The Obama administration on Friday is proposing regulations aimed at protecting workers' retirement savings.
Daniels revives push to merge PERF, TRF pension funds
Gov. 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.
Retirement plans changing as employers cut costs, workers crave stability
Last 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.
IPL wins retiree benefit dispute
Indianapolis 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.
Fearful companies are curtailing employee insurance, retirement perks
Experts worry that if unemployment worsens, even more companies could be forced to cut benefits, especially health insurance.
Companies face pension-plan shortfalls
Private 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.
WellPoint 401(k) participants sue over decline in stock price
Angela 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.
Union says utility owes $115M
In 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.