In a dispute about what constitutes an “act of duty” death, a state appeals panel agreed the Maywood Police Pension Board was right to deny a surviving spouse pension to the wife of an officer who died as a result of a drug overdose.The board denied a pension allocation to Tangela Gatz, widow of Maywood Police Officer Ryan Gatz, who died at home in July 2016 at age 35. Investigators [...]

The latest proposed expansion of Medicare benefits could be a welcome health insurance option to early retirees who leave employment or have been forced out of their jobs before the age of 65.Democratic U.S. Senators unveiled the latest version of Medicare expansion Wednesday, calling it the “Medicare at 50 Act,” which would allow people between the ages of 50 and 64 the option of buying into Medicare. Introduced by Sens. Debbie Stabenow [...]

YOUR RETIREMENT PLAN needs to be aligned with what you need and want. “As a whole, retirement plans can never be one size fits all, because everybody is very different,” says Ephie Coumanakos, co-founder and managing partner at Concord Financial Group in Wilmington, Delaware.

Madison Police Chief Mike Koval announced in a Sunday morning blog post he will be retiring from the Madison Police Department after 36 years in law enforcement and five years as chief. Koval wrote about the ups and downs of his career, saying he had been shot at, bitten, sued and more, but that the positives always outweighed the negatives.

Older Americans have many reasons for taking on part-time work after leaving a full-time job behind — perhaps better financial security, a sense of purpose or a way to stay connected.It’s also becoming more common to work well into one’s 60s or 70s, or even 80s.By 2026, about 30% of people ages 65 to 74 are forecast to be working either full or part time, compared with 17.5% in 1996, [...]

For many older Americans, retirement means freedom to explore beyond your backyard. Before you take off, however, check whether your health insurance travel with you.Assuming you’re on Medicare — most adults age 65 or older are — coverage away from home depends partly on where you travel to, along with whether you’re on basic Medicare or get your benefits through an Advantage Plan. It also can depend on whether the [...]