by Ron DeLord | Sep 27, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Chicago Mayor Rahm Emanuel proposed Tuesday a property tax increase totaling $543 million over the next four years to help prop up the $2.9 billion Chicago Policemen’s Annuity & Benefit Fund and the $1 billion Chicago Firemen’s Annuity & Benefit...
by rondelord | Nov 22, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A Sangamon County Circuit Court judge ruled Friday that Illinois’ pension reform law passed last year is unconstitutional. Judge John Belz sided with employee and retiree organizations that argued that the law, passed Dec. 3, 2013, violates the state’s...
by rondelord | Nov 5, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Voters in Phoenix on Tuesday rejected an initiative that would have closed the $2.2 billion Phoenix City Employees’ Retirement System and created a new 401(k) plan for city employees. Pension reform measures could lead to new investments at Phoenix City Employees The...
by rondelord | Jun 3, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Oklahoma Gov. Mary Fallin on Friday signed a bill that would create a new defined contribution plan for some future public workers. Under the law, some public employees hired on or after Nov. 1, 2015, will be shifted into the new defined contribution plan administered...
by rondelord | Jun 3, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Tennessee Gov. Bill Haslam signed legislation on Wednesday that will require some local governments in the state to increase contributions to their pension funds. It is effective immediately for contributions beginning July 1. The Public Employee Defined Benefit...