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Articles for Retirees, search results for biden

Millions to Get Bigger Social Security Checks If Biden Signs New Bill
2 days, 16 hours ago

Millions to Get Bigger Social Security Checks If Biden Signs New Bill

Live Mint  

Millions of Americans may see their Social Security benefits increase under a bill headed to President Joe Biden’s desk — though critics warn that the measure comes at the cost of pushing the fund further toward insolvency. If signed by the president before the new Congress convenes on Jan. 3, the law would boost Social Security payments to more than …

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Spending bill aids retirees, and boosts financial industry
1 year, 11 months ago

Spending bill aids retirees, and boosts financial industry

LA Times  

Rob Portman helped usher through the measure labeled Secure 2.0, which is designed to ensure greater participation in retirement savings plans. Katherine DeBerry, a representative from Prudential, said the firm applauds the passage of Secure 2.0, stating that it “will help ensure employees’ retirement savings last a lifetime.” A representative from BlackRock declined to comment, and Pacific Life, the Business …

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Rejected by courts, retirees take last shot to save pensions
2 years, 4 months ago

Rejected by courts, retirees take last shot to save pensions

Associated Press  

WASHINGTON — Dave Muffley thought he had it made when it came to a solid retirement. A 2013 inspector general’s report said that while the union workers had leverage “to prolong Delphi’s bankruptcy or strike, which GM believed would significantly impact its ability to survive, Delphi’s salaried retirees had no leverage, other than what they hoped would be political leverage.” …

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Rejected by courts, retirees take last shot to save pensions
2 years, 4 months ago

Rejected by courts, retirees take last shot to save pensions

Associated Press  

WASHINGTON — Dave Muffley thought he had it made when it came to a solid retirement. Presidential candidate Joe Biden said in September 2020 he would work to help restore Delphi workers’ retirement savings. When GM went through bankruptcy in June 2009 due to massive losses during the Great Recession, the company said it would not assume pension liabilities for …

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