Singing River retirees file new lawsuit over failed pension. It s not fair, nurse says
Sun Herald (Biloxi, MS)
Apr. 12 Singing River Health System retirees are learning to live on lower pensions than they expected as attorneys continue to press for financial damages from companies they believe are responsible.
A new lawsuit has been filed over the 2014 failure of the SRHS retirement plan, which caught hundreds of retirees and employees by surprise.
Biloxi attorney
KPMG LLC and
Transamerica Retirement Solutions on behalf of 272 members of the retirement plan.
Reeves said in a news release that the companies were paid hundreds of thousands of dollars to help manage and audit the pension plan and to accurately communicate the status of the plan to members.
Lawsuit alleges new problems with Singing River Health System pension settlement Singing River Health System retirees are back in court. And just like a few years ago, theyâre demanding full payment of their pension funds. (Source: WAVE 3 News) By WLOX Staff | April 8, 2021 at 5:00 PM CDT - Updated April 8 at 5:00 PM
PASCAGOULA, Miss. (WLOX) - Singing River Health System retirees are back in court. And just like a few years ago, theyâre demanding full payment of their pension funds.
The lawsuit filed Wednesday by attorneys Jim Reeves and Matthew Mestayer alleges fraud, false representation and gross negligence.
You may remember back in 2016 Singing River Health System settled the case against it, agreeing to a settlement where they would pay the retirement fund trust $149 million over the next 35 years. This new lawsuit claims Gary Brown and 270 other Singing River Health System retirees are not getting paid 100% of the benefits they were awarded in that 2016 s
Transamerica Survey Finds Higher Education Institutions Turn to Their Retirement Plan Service Provider to Help Address Unprecedented Challenges
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BALTIMORE, March 2, 2021 /PRNewswire/ Transamerica today revealed the latest report of retirement plan trends for institutions of higher education. Survey results provide an inside look into the challenges institutions face in helping faculty and staff prepare for retirement.
The COVID-19 pandemic has impacted retirement plans beyond the availability and usage of loans and COVID-19 related distributions. Nearly three out of five institutions report increased demand for investment and in-plan retirement income opportunities and one in four report an increased need for access to professionally managed accounts. More than ever, higher education institutions are relying on their retirement plan partner to offer strategies to help participants plan for a secure retirement.
Transamerica Survey Finds Higher Education Institutions Turn to Their Retirement Plan Service Provider to Help Address Unprecedented Challenges insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.