by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Oregon’s public-pension contribution rate has an 80 percent likelihood of exceeding 30 percent of payroll within the next few years, according to an analysis presented to the system’s governing board. The projection was offered by Milliman, the firm that...
by Ron DeLord | Jan 10, 2017 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
South Carolina state workers soon will have to pay more out of their paychecks to cover their retirements. S.C. taxpayers also will contribute more toward those workers’ pensions, starting July 1. State employees will pay 9.16 percent of their paychecks, up from 8.66...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In less than a month legislators will return to Columbia for the 2017 session. The two biggest problems some say they face are fixing roads and overhauling the state’s failing pension program. The program has been deteriorating since 1999 after a series of bad...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Politics, Public Employees (Non-Sworn), Unions
Pittsburgh’s defined-benefit pension problems are typical for such traditional but unsustainable plans. That’s why so many businesses have switched to 401(k)-style defined-contribution plans — as the city should have long ago. Enough hasn’t been...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
TRENTON — Leaders of the state’s largest public-safety unions are pushing a plan to shift control of their pension fund investments to a union-dominated board, rather than the state. But their colleagues in the smaller unions are resisting the possible change. The New...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Politics
Five years ago, the city agreed to hire 111 African-American firefighters bypassed by the city’s discriminatory handling of a 1995 firefighters entrance exam. Although 13 of those black firefighters were women, the city insisted on using a controversial and...
