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DWC ERISA Consultants LLC
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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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Compensation Strategies Group, Ltd.
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Defined Benefit Specialist II or III Nova 401(k) Associates
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EPIC RPS
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Merkley Retirement Consultants
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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Search the News Archive
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5 Matching News Items |
| 1. |
Star-Telegram
July 10, 2012
"The Fort Worth City Council started the clock ticking Tuesday on major changes to the city's pension plan that would reduce benefits for police and general employees, but potentially bring the city's retirement funding gap into check. The Fort Worth Police Officers Association put up its own proposal, offering to increase its members' contributions to the plan in exchange for retaining key components of the retirement pay formula.... The changes would reduce benefits for future service, but not benefits already accrued, which are protected by state law."
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| 2. |
Star-Telegram
Feb. 2, 2012
If it does take over the plans, the PBGC will assume the responsibility for paying retirees' benefits -- but not necessarily all of them. The agency caps the monthly benefit it pays at $4,500 a month for plans ended in 2010. It has said about $1 billion in promised benefits to the highest-paid AMR retirees would not be paid.
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| 3. |
Star-Telegram
Dec. 5, 2011
One option for American would be to lobby Washington for more time to pay off its pensions, as Northwest and Delta received in 2006. Those rule changes also included a new penalty: Bankrupt companies that terminate pensions must later pay $1,250 per participant per year -- for three years.
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| 4. |
Star-Telegram
Oct. 3, 2011
Those public pensions have a combined unfunded liability of $41 billion, and a half-dozen funds, including the state's two largest, have promised benefits that they will never be able to pay under current financing models, according to records compiled by the Texas Pension Review Board. What's more, the $1 billion supplemental healthcare fund for Texas teachers is predicted to go bankrupt by 2014.
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| 5. |
Star-Telegram
Apr. 19, 2004
Excerpt: The message to Texas health plans was clear: If you wrongly refuse to cover patients' prescriptions, hospital stays or medical procedures, consumers harmed by those denials will have the state Legislature's go-ahead to sue. That was a landmark right in a 1997 law that made Texas the first state to make managed-care plans liable in court.
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