by Ron DeLord | Sep 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Insolvency: America’s states, counties, cities and municipalities are in deep trouble, owing literally trillions in public employee pensions that they can’t pay off. Nowhere is that more apparent than in California, the nation’s poster boy for fiscal...
by Ron DeLord | Sep 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The four unions representing Akron employees are “shocked and dismayed” at a city proposal to have retirees start paying toward their supplemental health insurance and end that benefit for all future workers. The unions also are threatening to sue if the city pursues...
by Ron DeLord | Sep 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A month after Jacksonville voters passed a sales-tax extension to cover $2.85 billion in pension costs, city-employee unions are negotiating the terms of closing pension plans to new members. Mayor Lenny Curry said his administration is putting forward a solution he...
by Ron DeLord | Sep 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
PORTLAND, Ore. (AP) — Just how bad is Oregon’s public pension funding crisis? Bad enough that Rukaiyah Adams, the normally polished investment professional who is vice chair of the Oregon Investment Council, broke down in tears last week as she spoke of passing...
by Ron DeLord | Sep 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
Dallas police and firefighters will get raises. Tax rates — but not tax bills — are going down. And streets will get the shaft in the next fiscal year after council members unanimously approved the city’s new budget on Wednesday. The $3.1 billion budget for next...
