by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Officials in Springfield, Massachusetts have taken steps to shore up the city’s severely underfunded municipal employee pension fund. The city has established a new reserve fund to earmark money for the retirement system and allocated an initial $1 million that was...
by Ron DeLord | Jun 26, 2016 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In testimony to the Democratic National Committee’s Platform Committee, Californians for Retirement Security called for national action to address the nation’s retirement security crisis. The following is the complete text of the testimony: Hello, my name is Ben...
by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The Philadelphia Board of Pensions is looking at the possibility of enticing more than 30,000 retirees to switch to a less lucrative and less costly benefits plan. Graphic: Reducing the city’s pension liability A conversion plan is the latest idea to surface...
by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Police, Politics, Unions
Kern County will wage a pitched battle over next year’s fiscal budget for the next two months. On Tuesday Kern County supervisors approved a placeholder budget that handles this year’s $49 million budget deficit by slashing general fund spending by 5 percent...
by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
FORT WORTH – The executive director of the Fort Worth Employees’ Retirement Fund told the City Council Tuesday that the fund lost money in 2015 because of poor market conditions and that its board is considering a more aggressive investment policy in hope of...
by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
RALEIGH – Residents will pay a higher property tax rate in the coming year to help pay for Dix Park and expand Raleigh’s affordable housing stock. But city leaders won’t spend additional tax dollars to meet the demands of public safety employees seeking big...
