As the Coronaviris takes a growing toll on people's finances, there are reports that the government will soon be sending money by check or direct deposit to each adult American. The details are still being worked out, but there are a few really important things to know, no matter what this looks like:
1. The government will not ask you to pay anything up front to get this money. No fees, no charges, nothing.
2. The government will not ask for your social security number, bank account, or credit card number. Anyone who does this is a scammer.
3. These reports of checks aren't yet a reality. Anyone who tells you they can get you the money now, is a scammer.
No matter what this payment winds up being, only scammers will ask you to pay to get it. If you spot one of these scams, please tell the Federal Trade Commission, www.ftc.gov/complaint
Clinics are now open in Indianapolis and Fort Wayne and covered by your Health & Welfare Fund! Your Active Health & Wellness Centers are a place where you and your eligible dependents can go for a wide variety of health services:
INFORMATION CONCERNING THE RECENT PENSION LEGISLATION
Within the Omnibus Spending Bill passed by Congress, and signed into law December 16, 2014, was a provision that would permit “deeply troubled” multiemployer plans to reduce the accrued benefits of active and retired participants to avoid insolvency and preserve benefits above the PBGC guarantee level.
There are 1,400 multiemployer plans in the country and it is estimated that - - at most - - - 10% of those plans might at some time in the future become eligible to take advantage of this relief.
CPF is not one of those plans. Furthermore, as one of the largest, strongest, and most secure plans in the country, it is inconceivable that CPF would ever qualify for the relief in this Bill.
This legislation was primarily aimed at permitting the pension plan of the Central States Conference of Teamsters to save itself from insolvency --- at which time the benefits of all of its pensioners would be cut to the PBGC guarantee level, which is a maximum of $13,000 a year. The law would permit that Plan to avoid insolvency by reducing benefits by much less than would result from insolvency. Furthermore, a vote of all Participants is required before any reduction can be made.
For answers to unemployment insurance questions, CLICK_HERE to view the Unemployment Insurance Claimant Handbook, released by Indiana Workforce Development.