by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A divided federal appeals court on Monday rejected claims by Detroit retirees that their pensions were unfairly cut to help the city end the largest U.S. municipal bankruptcy. The 6th U.S. Circuit Court of Appeals in Cincinnati said restoring the pension cuts would...
by Ron DeLord | Mar 27, 2016 | Collective Bargaining, Labor, Police, Politics, Unions
WASHINGTON (Reuters) – Law enforcement officers in the United States are increasingly buying professional liability insurance policies amid worries they may be sued for their on-duty actions, the Fraternal Order of Police, the biggest U.S. police union, told...
by Ron DeLord | Sep 8, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Last week’s wild gyrations in global financial markets almost certainly exposed the vulnerability of U.S. state and local authority public pension funds which have piled into riskier assets in recent years, according to actuaries and other pension experts. Based...
by rondelord | Mar 21, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
(Reuters) – An international accounting standards body said on Thursday it was looking at developing new accounting methods for “hybrid” pensions which did not fit easily into standard categories. Companies around the world are moving away from...
by rondelord | Feb 27, 2015 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Feb 23 (Reuters) – Lawsuits seeking to void a law aimed at shoring up the finances of two Chicago pension funds have been put on hold pending a ruling by the Illinois Supreme Court on a law affecting state public retirement funds, participants in the litigation...