Indiana fifth in federal pensions

Fallout from failed steel firms helped lead to $200.4 million in aid for retired Hoosiers.

By Norm Heikens
norm.heikens@indystar.com

More than 23,000 Indiana residents received retirement checks of $200.4 million last year from the federal agency that assumes control of pension plans from troubled companies.

That total secured Indiana's fifth-place ranking for the second consecutive year, according to a report released Friday by the Pension Benefit Guaranty Corp.

Top pension checks

These are the states whose residents received the greatest share of retirement benefits from the Pension Benefit Guaranty Corp. in 2004:

1. Pennsylvania -- $514.9 million
2. Ohio -- $325 million
3. Florida -- $221.5 million
4. Illinois -- $206.4 million
5. Indiana -- $200.4 million

Wake up hoosiers, its time to smell the coffee!

Semper Fi