Military Retirement Benefits Changing

To Address the fact that most military personnel never stay the 20 years they need to earn their maximum retirement benefits, the Military is changing the rules.  The new plan, called “Blended Retirement System” or BRS, “combines a traditional pension with a defined contribution plan, similar to a private sector 401(k) plan. As of Jan. 1, service members entering the military …

Is your Multiemployer retirement plan safe?

The U.S. District Court for the Northern District of Alabama has sentenced a former multiemployer plan fund manager to make restitution in the amount of $45,896 and serve five years of probation, including six months of home confinement, for violating the Employee Retirement Income Security Act (ERISA). The action follows a U.S. Department of Labor (DOL) Employee Benefits Security Administration …

Before You Claim Social Security

A few things you may want to think about before filing for benefits. Provided by Reeve Conover – Conover Consulting Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by federal law is no casual decision. You will want to consider a few key factors first.