by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Los Angeles, CA–There are certain respects in which Los Angeles, for all its innate advantages, feels like an unsustainable city. It has the nation’s largest homeless population, the worst traffic, and numerous other service failures. Lack of money...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
After four long, painful years, San Bernardino will soon emerge from bankruptcy. A federal judge on Tuesday said she would approve the city’s plan to exit bankruptcy, marking a major step toward the end of the process for San Bernardino. “This is a very important day...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
Underfunded government pensions to the tune of $1.3 trillion, with a gap that just can’t be filled, is the ticking time bomb facing the US economy, which faces dramatic cuts in public services and potentially riots reminiscent of Athens six years ago. Danielle...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The state’s largest cities face tens of billions of dollars in unfunded liabilities to employee pension funds, a series of separate financial situations that is spurring massive account withdrawals, ongoing lawsuits, mounting political friction and national media...
by Ron DeLord | Dec 5, 2016 | Collective Bargaining, Fire, Health Insurance, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
LANSING — Republican lawmakers are colliding head-on with Michigan’s most powerful public-sector unions after abruptly introducing bills during the lame-duck Michigan Legislature session aimed at curbing billions of dollars in unfunded post-retirement health...
by Ron DeLord | Dec 5, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The state’s largest cities face tens of billions of dollars in unfunded liabilities to employee pension funds, a series of separate financial situations that is spurring massive account withdrawals, ongoing lawsuits, mounting political friction and national media...
