INPRS ‘ahead of schedule’ on China divestment, laying anti-ESG investment framework
Indiana’s Public Retirement System (INPRS) says it’s “ahead of schedule” in pulling out of its Chinese investments after lawmakers approved a ban in May.
Retirement Benefits
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Stretched to serve in ‘legal deserts’
Although there are more than 1.3 million attorneys in the United States, “legal deserts” can be found across vast expanses of the country and all over Indiana, according to a recent report from the American Bar Association.
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COA upholds parenting time, division of assets in divorce case
A father challenging a parenting time order and the division of marital assets has failed to convince the Court of Appeals of Indiana to overturn the final order in his divorce case.
Biden issues first veto, taking on new Republican Congress
President Joe Biden issued the first veto of his presidency Monday, seeking to kill a Republican measure that bans the government from considering environmental impacts or potential lawsuits when making investment decisions for Americans’ retirement plans.
Rokita: No ‘woke’ criteria allowed in pension investments
Indiana and its investment managers can’t make government employee pension system investments based on environmental, social or governance criteria, Attorney General Todd Rokita wrote in an advisory opinion released Thursday.
COA: Deferred pension distribution not an error, but trial court should’ve protected wife’s portion until ex’s retirement
A trial court did not err in deferring the distribution of a man’s pension to his ex-wife until he retires, but it did err in failing to protect the ex-wife’s portion of the pension, the Court of Appeals of Indiana has ruled.
Cook Group sued for ‘unreasonably high fees’ in 401(k) plan
Cook Group, the Bloomington-based maker of medical devices, is being sued by a participant of its 401(k) retirement plan, who claims the plan charged unreasonably high fees, cutting the value of the retirement benefits.
Lilly faces lawsuit over alleged excessive retirement-plan fees
Eli Lilly and Co. is one of hundreds of U.S. companies being sued in the recent trend in litigation: excessive fees on 401(k) retirement plans.
Justices reverse for Clark REMC in dispute over health benefits for former employees
Former Clark County REMC directors weren’t guaranteed health insurance reimbursement in their retirement after a policy change terminated the benefit, the Indiana Supreme Court has ruled. In a Wednesday opinion, the high court reversed Clark Circuit Court’s grant of summary judgment to the plaintiffs after finding the REMC’s policy was not a binding contract because the policy wasn’t an offer.
Indianapolis man found guilty of securities fraud
An Indianapolis businessman who was accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings has been convicted of conspiracy to commit securities fraud and wire fraud, federal authorities announced Monday.
Biden repeals Trump-era rule on gig workers
The Biden administration nullified a Trump-era rule Wednesday that would have made it easier to classify workers as independent contractors, blocking a change supported by delivery and ride-hailing services.
AP-NORC poll: Government should help Americans age at home
Most Americans agree that government should help people fulfill a widely held aspiration to age in their own homes, not institutional settings, a new poll finds.
COA majority holds Clark Co. REMC breached insurance contract, but dissent finds ‘logical fallacy’
A local utility breached its contract with its former directors when it revoked their health insurance coverage, a majority of the Indiana Court of Appeals has ruled. A dissenting judge, however, found that the majority engaged in a “logical fallacy” in holding that the utility was obligated to continue providing coverage to the plaintiffs.
Appeals court orders second remand of divorce dispute
A ex-husband will again take his challenge of the final judgment in his divorce case back to the trial court after the Indiana Court of Appeals ordered a second remand to address the division of marital property.
Appeals panel splits on division of $1M retirement accounts in prenup dispute
A dispute over the terms of a prenuptial agreement has resulted in the division of part of a man’s nearly $1 million retirement accounts with his ex-wife. A dissenting judge, however, would not award the wife any portion of the retirement funds.
7th Circuit splits in dual citizen’s challenge to reduction of U.S. Social Security benefits
A split 7th Circuit Court of Appeals panel affirmed a grant of summary judgment to the Social Security Administration on Monday in a class-action suit brought by a Canadian woman with dual citizenship who alleged her U.S. Social Security benefits were wrongly reduced based on similar benefits she receives from Canada.
Indianapolis attorney who took assistant’s Social Security withholdings disbarred
An Indianapolis attorney who converted his only employee’s Social Security withholdings for his own personal use for more than a decade has been disbarred from the practice of law after the Indiana Supreme Court found that he had committed attorney misconduct.
COA affirms post-retirement survivor benefits for ex-military spouse
A Hamilton County woman is entitled to a post-retirement survivor benefit offered by her ex-husband’s military retirement program, the Indiana Court of Appeals affirmed Tuesday.
Indiana man charged with welfare fraud over hidden body
A northern Indiana man faces welfare fraud and other charges alleging that he hid his father’s body for two years so that he could cash his father’s benefit checks.
COA affirms ruling against ex-wife in husband’s IRA case
A woman seeking to obtain the full balance of her late husband’s individual retirement account couldn’t convince an appellate court that she shouldn’t have been denied summary judgment against his estate.
Judgment for spouse affirmed in military pension benefits appeal
A military veteran ordered to pay his ex-wife lost pension benefits after he opted to receive combat-related service compensation has lost his appeal of a partial denial of his motion to vacate judgment.