Medication and treatments for life threatening diseases like breast cancer are extremely expensive. Check out our new video to see why we fight so hard to protect your earned healthcare benefits during #BreastCancerAwarenessMonth and every month: https://t.co/CwHsRxy2Od
"The retirees’ pensions are expected to survive the bankruptcy largely intact thanks to a backstop from the Pension Benefit Guaranty Corporation. But if Sears goes into a liquidation [...] then the retirees would lose most of their life insurance benefits."
"It feels like family." Across the United States, legions of former Sears workers gather regularly to reminisce about their long careers in retailing. https://t.co/wFLvdK5BRJ
"Working alongside ProtectSeniors, a national advocacy group for retirees" Dave Edmunds got a law passed in Virginia that protects retirees whose pensions are sold off to insurance companies. Thanks for the write-up, @BoomerMag!
“There’s 400,000-plus retirees and their net worth has probably dropped to half in just the last three years alone,” said John MacMonagle, who retired from GE in 2013 after a 33-year career.
“‘If you have those you’re all set, don’t worry’ — that’s what GE used to tell you. Well, it’s all crashed. We got a lot to worry about.” https://t.co/mt59ts8Rpg via @connpost
If insurance firms like Prudential and MetLife are not under a high degree of oversight, regulation and accountability, the retirees whose financial assets they manage are in danger.
https://t.co/W9w4eVrhxq
"We really need to look at pension issues holistically," says ProtectSeniors counsel Eddie Stone. Check out this excerpt from his interview on @cheddar today, discussing #Sears retiree issues: https://t.co/VFa4O6gdoA
Are you a Xerox retiree? Check your mail - you probably got a letter discussing cuts to your company-sponsored health benefits. https://t.co/Kz9EbE3yQj via @DandC
.@CMSGov announced Medicare Parts A and B premiums and deductibles for 2019. Find out what you can expect to pay by following the link: https://t.co/2SBYcDl0C4
"If pensions are turned over to the [PBGC]...many pensioners will likely see their benefits reduced, said Eddie Stone, counsel for https://t.co/g7DENVTv7p and an expert in retiree issues. Anyone who has a life insurance benefit would lose it." #Sears
https://t.co/2i1b28Rq9D
Concerned about the threats to retirees' earned pension and health benefits at the hands of greedy corporations and their armies of lobbyists? Listen to our https://t.co/MBpYm0devN leaders discuss how we're fighting for YOU on the state and federal level: https://t.co/9qIRMKWWnu
Sobering news: "The rate of people 65 and older filing for bankruptcy is three times what it was in 1991, the study found, and the same group accounts for a far greater share of all filers."
Vanishing pensions. Soaring medical expenses. Inadequate savings. The rate of older Americans filing for bankruptcy has tripled since 1991. https://t.co/UnfhymrwIS
One of our state leaders in Massachusetts, Bill Braunlich, breaks down the threats facing retirees and their retirement benefits: https://t.co/757eQ7uqXY
Another major myth: that annuities and pensions are basically one and the same. FALSE!!
When pensions get spun off into annuities, they lose all of their #ERISA law protections, including the financial safety net provided by the PBGC. Learn more here: https://t.co/iBWTjX9Wln https://t.co/gIYN7xmFs0
Partisan differences aside, "older voters are not feeling secure about their own retirements." Interesting series from @POLITICOmag and @AARP https://t.co/mGXU5qVV1y
If you have an annuity instead of a federally-protected pension, the state you retire in could also make a huge impact on the amount of your lifetime coverage limit, should the insurer managing your annuity fail. Your state guarantee association may also be seriously underfunded! https://t.co/Svvgktbkfe