by Ron DeLord | Oct 23, 2016 | Collective Bargaining, Fire, Labor, Police, Politics, Unions
Terre Haute police and fire departments may face layoffs, potentially significant ones, if the city council does not pass some form of revenue increase and allow use of PILOT fees to help cover the general fund. That’s the message from Steve Lockard, president of the...
by Ron DeLord | Oct 23, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Call it the tale of two pension crises. In June, the Los Angeles Times’ business pages looked at the looming retirement savings disaster caused by the nearly 40-year transition from traditional employer-sponsored defined-benefit pensions to individual 401(k) plans — a...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Health Insurance, Labor, Politics, Unions
SAN ANTONIO — A Bexar County appeals court has ordered the city of San Antonio and the San Antonio Professional Firefighters Association to mediation, according to a city press release. The court ordered that the two sides must select a mediator within a week, or the...
by Ron DeLord | Oct 14, 2016 | Fire, Labor, Pensions, Police, Politics, Unions
The unfunded liability in Charleston’s older pension plan for firefighters and police officers jumped more than $40 million over one year, but the city’s treasurer says it’s likely “a one-time event.” The unfunded liability is limited to police and fire department...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
While state legislators are still grappling with pension reform, Will County officials continue to look at ways to adopt some reforms within their own powers of government. Board Speaker Jim Moustis, R-Frankfort Township, asked his executive committee members to...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Moody’s Investors Service said Friday it is cutting its rating on $958 million in Philadelphia Retirement System pension bonds, issued by the Philadelphia Authority for Industrial Development back in 1999, and on $300 million in taxable City Service Agreement...
