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Articles for Retirees, search results for ap

A jury says a Louisiana regulator is not liable for retirees’ $400 million in Stanford Ponzi losses
4 months, 1 week ago

A jury says a Louisiana regulator is not liable for retirees’ $400 million in Stanford Ponzi losses

Associated Press  

— A jury decided that Louisiana’s Office of Financial Institutions was not at fault for $400 million in losses that retirees suffered because of Texas fraudster R. Allen Stanford’s massive Ponzi scheme. Stanford was sentenced to 110 years in prison after being convicted of bilking investors in a $7.2 billion scheme that involved the sale of fraudulent certificates of deposits …

Louisiana Stanford Ponzi
Court says judge had no authority to halt Medicare Advantage plan for Delaware government retirees
8 months, 1 week ago

Court says judge had no authority to halt Medicare Advantage plan for Delaware government retirees

Associated Press  

— Delaware’s Supreme Court has overturned a lower court ruling that prevented officials from moving state government retirees from a Medicare supplement plan to a Medicare Advantage plan. “This ruling will protect taxpayers in the long run.” In February 2022, the State Employee Benefits Committee unanimously agreed to replace a Medicare part A and B supplemental plan with a new …

Benefits Medicare Court State Plan Committee Employee
NFL retirees who say the league’s disability plan is a sham can proceed to trial
9 months ago

NFL retirees who say the league’s disability plan is a sham can proceed to trial

Associated Press  

PHILADELPHIA — A lawsuit accusing the NFL’s disability plan of violating its duty to retired players by routinely denying valid injury claims can proceed to trial on most counts, a federal judge in Maryland has ruled. Lawyers for the 10 retired players who signed onto the potential class action called the ruling Wednesday “a huge win” for those subject to …

Players Nfl Mcgahee
Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy
9 months, 1 week ago

Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy

Associated Press  

CHENGDU, China — Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. “If underlying assets of financial products won’t generate enough returns to pay such high interest rates, default is inevitable.” The …

Trust China Money Investment Investors Beijing Sichuan
Pennsylvania House OKs $1.8 billion pension boost for government and public school retirees
1 year, 1 month ago

Pennsylvania House OKs $1.8 billion pension boost for government and public school retirees

Associated Press  

HARRISBURG, Pa. — Democrats who control the state House of Representatives on Tuesday advanced an estimated $1.8 billion boost to the pensions of Pennsylvania state government and public school retirees, while some Republicans said taxpayers will unfairly shoulder the financial burden. The state’s teacher’s union hailed the legislation as “long overdue.” The bill’s sponsor, Rep. Steve Malagari, D-Montgomery, said during …

School Pension Pennsylvania State House Democrat Public
10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned
1 year, 5 months ago

10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned

Associated Press  

DETROIT — Mike Berent has spent more than 27 years rushing into burning houses in Detroit, pulling people to safety and ensuring his fellow firefighters get out alive. “I’m trying to put as much money away as a I can,” said Berent, who also works in sales. “A second job affords you to have a little bit of extra.” Thousands …

City Detroit Bankruptcy Orr Duggan Godfrey Hotel Berent
Food or medicine? Inflation squeezing retirees in Argentina
1 year, 8 months ago

Food or medicine? Inflation squeezing retirees in Argentina

Associated Press  

BUENOS AIRES, Argentina — With trembling hands, the bingo players at a Buenos Aires retirement center put the buttons they use as markers on their cards. She added quietly: “I did something I’d never done in my life: I asked for free medicine … nothing else can be done.” Monthly inflation was 7.7% in March, up from 6.5% in the …

Pension Argentina Month Retirees Food Medicine
Rights group: Scores detained at retirees’ rally in Belarus
4 years ago

Rights group: Scores detained at retirees’ rally in Belarus

Associated Press  

KYIV, Ukraine — A human rights group said that dozens of people were detained in the Belarusian capital on Monday during the traditional weekly rally of retirees against President Alexander Lukashenko, who won his sixth term in office in a disputed election. “Elderly people are being held in unsanitary conditions, large groups of them are being kept in cells and …

Belarus Viasna Rights Group
Retirees protest Belarus leader amid crackdown on protests
4 years ago

Retirees protest Belarus leader amid crackdown on protests

Associated Press  

KYIV, Ukraine — Hundreds of retirees rallied in the Belarusian capital on Monday against the country’s authoritarian leader, as security forces moved in to break up the traditional weekly march. Mass protests have gripped Belarus, a former Soviet republic in eastern Europe, since official results from the Aug. 9 presidential election gave Lukashenko a landslide victory over his widely popular …

Protests Belarus Protest
AP Exclusive: Disabled NFL retirees slam benefits plan delay
4 years, 3 months ago

AP Exclusive: Disabled NFL retirees slam benefits plan delay

Associated Press  

An NFL and players union-run fund that helps ailing retired players shut down its application process for nearly six months because of the coronavirus, irritating retirees who complained the league devoted resources toward safely starting the 2020 season on time but not to their medical needs. The Associated Press interviewed four people familiar with the program, three of whom are …

Players Application Nfl League Program Applicants Training Camps