The proportion of working Americans with pensions of any kind has steadily decreased since 2001, according to a University of Michigan analysis that suggests trouble ahead for U.S. seniors.
Tuesday at Joe Louis Arena another longtime Red Wings decided to call it quits.
A judge has upheld most aspects of a new law requiring Michigan public school employees to pay more for their pensions.
Obama has been moving the needle with seniors using distorted arguments about Social Security and Medicare. Fortunately for GOP presidential challenger Mitt Romney, seniors’ top concern is the economy’s struggles under Obama and seniors have overwhelming voted Republican in the last two presidential elections.
A judge has temporarily blocked full implementation of a new law requiring Michigan public school employees to pay more for their pensions.
Newly hired Michigan public school employees would pay more for their pensions and no longer receive state-provided health coverage in retirement under legislation now headed to Gov. Snyder’s desk.
Some current and former employees will get another chance to pursue a lawsuit against Flagstar Bank over company stock in their retirement accounts.
The Michigan House has approved legislation ending state-provided health care coverage in retirement for new teachers but not a provision forcing them into a 401(k)-style retirement plan.
Michigan Gov. Rick Snyder got the extra police troopers and summer jobs programs for inner city youths he wanted in the new budget, but he failed to get lawmakers to tie education money to student performance or invest as much as he wanted in health initiatives.
New research by the University of Michigan shows that 40 percent of older Americans postponed retirement in the wake of the Great Recession.