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Bill proposes mandatory pension plan
Businesses that do not offer employees membership in a pension or 401(k) plan would be entered into a no-cost, state-run program under legislation being considered by Maryland lawmakers.
3 Marylanders indicted in pension theft scheme
McLEAN, Va. — Three Maryland men have been indicted in an alleged conspiracy to steal nearly $10 million from a Vienna, Va.–based company’s employee pension plan through a series of bad mortgage loans. Robert Fulton Rood IV, 44, of Potomac, Nikolaos Hepler, 31, of Gaithersburg and Lloyd Mallory Jr., 49, of Silver Spring were charged […]
State pension commission to hold last meeting
ANNAPOLIS — A panel that has been studying the sustainability of pensions and benefits for state employees is holding its last scheduled meeting. The Public Employees’ and Retirees’ Benefit Sustainability Commission is scheduled to meet Thursday in Annapolis. The panel, which is chaired by former House Speaker Casper Taylor, is scheduled to vote on recommendations for […]
More on the NFL pension plan
In researching the NFL’s pension plan for today’s Maryland Lawyer cover story, one thing made no sense: If the Retirement Board consists of representatives from the league and the players’ union, why wouldn’t the union people always side with the players against management? The theory Cy Smith subscribes to is that the NFLPA‘s demographics make […]
Baby boomers near 65 with retirements in jeopardy
CHICAGO — Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they’re hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. The boomers, who in their youth revolutionized […]
Ex-NFL player sues over career-ending helmet-to-helmet hit
The National Football League has made curtailing helmet-to-helmet hits a priority, increasing fines and threatening suspensions for blows to the head as part of a midseason crackdown. But the league takes a different position when it comes to retired players who have suffered head and neck injuries, according to Cyril V. Smith, who filed a […]
