Pension Action Center

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Retirees who live in, or worked in, Illinois can rest assured that they will continue to have access to free pension counseling services thanks to a fifth year of funding from The Retirement Research Foundation. The Pension Action Center was recently notified that it is to receive a grant of over $124,000 in October of 2016 from the RRF to continue this important work.

The Pension Action Center began the Illinois Pension Assistance Project in July of 2012 through a grant from the RRF. To date, the Illinois Pension Assistance Project has served over 900 people and recovered over $2.5 million in benefits. This work has been funded through grants from the RRF and from the U.S. Administration for Community Living/Administration on Aging.

Pension Action Center Director Jeanne Medeiros said, “We are absolutely delighted that The Retirement Research Foundation has awarded us this grant. We are so happy that we will continue to provide free and expert legal assistance for people in Illinois. There is no other entity that provides this type of service for people in Illinois who have questions or problems with their pensions. IPAP is really meeting a legal need that is otherwise unmet by the private bar or other advocacy groups.”

Individuals looking for help from the Illinois Pension Assistance Project may call toll-free at 1-888-425-6067, or fill out an online request for assistance at www.umb.edu/pensionaction.

Thank you, Retirement Research Foundation!

“Lights, Camera, Action!”

The Pension Action Center recently expanded its investor education initiative beyond its fact sheets by producing an educational video to help workers prepare for a secure retirement. In the video, Jeanne Medeiros, JD, director of the PAC and Emily Brown, JD, Staff Attorney, interview PAC Advisory Board member, Glenn Frank, a financial planning expert, who covers basic investment concepts such as return on investments, asset class selection and asset class capture. The goal of the video is to educate workers and retirees who are faced with the responsibility of having to manage their own retirement portfolios.

Glenn Frank is a personal financial planner at Lexington Wealth Management, and professor at Bentley University’s Graduate Financial Planning Program. Glenn has been both a practitioner and an educator for over 25 years. He was listed by Worth Magazine for 10 years in a row as 1 of the top financial advisors in the US – Professor Frank has been quoted many times in the Wall Street Journal, Readers Digest, Investment News, The Boston Globe, and other media sources.

The PAC Investor Education Initiative is made possible thanks to a grant from the Investor Protection Trust, a nonprofit organization devoted to investor education, and support from the Secretary of the Commonwealth of Massachusetts.

If you would like to request assistance from the Illinois Pension Assistance Project or the New England Pension Assistance Project, please contact us directly by calling 888-425-6067.

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