by Ron DeLord | Apr 10, 2016 | Collective Bargaining, Fire, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
San Bernardino will pay the holders of its pension obligation bonds 40 percent of what they’re owed, reducing the total payments to one of its largest creditors by about $45 million, according to a settlement between the bankrupt city and those creditors. The deal...
by Ron DeLord | Apr 10, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
JUNEAU, Alaska (AP) — Bills calling for increased local contributions to two state pension programs and an overhaul of a community assistance program have been proposed in the Alaska Senate as lawmakers look to further cut costs amid a bulging budget deficit. Measures...
by Ron DeLord | Apr 10, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Detroit — The city’s financial officer on Monday said the city could add $30 million this fiscal year to pay into the city’s two pension funds, three times more than initially planned. “It’s our expectation that … we’ll have an additional $20 million-$30 million that...
by Ron DeLord | Apr 10, 2016 | Fire, Labor, Pensions, Police, Politics, Unions
After years of acrimony and legal battles, New Orleans firefighters and Mayor Mitch Landrieu’s administration are on the same page this spring, together urging voters to support a property tax increase that would help resolve their long-standing disputes. The tax...
by Ron DeLord | Mar 27, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Duval County voters will vote this year on a half-cent sales tax for paying down the city’s massive pension debt — an election that will certainly happen after Gov. Rick Scott signed legislation Friday giving residents that choice at the ballot box. Whether the...
by Ron DeLord | Mar 27, 2016 | Collective Bargaining, Fire, Labor, Police, Politics, Unions
Over the next two weeks, Memphis Mayor Jim Strickland’s administration will analyze the costs of relaxing employee residency requirements and creating a private health care exchange in hopes of recruiting and retaining police officers and firefighters. Those...
