by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
It’s official: Civilian city employees hired after March 1 will participate in a new pension plan, one that functions more like a 401(k) plan. The pension changes, approved Tuesday by the Omaha City Council, mark a significant step in Mayor Jean Stothert’s goal of...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
24.2%: private sector union membership rate, 1973 6.6%: private sector union membership rate, 2014 Source: Barry T. Hirsch and David A. Macpherson A generation ago labor unions were often a familiar feature of the American workplace, but in private businesses across...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
Taking another shot at public employee unions, Gov. Bruce Rauner said Monday he’s ending “fair share” union dues for state workers who have opted out of joining a union. At the same time, Rauner said the state will mount a case in federal court with...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
LOS ANGELES (Reuters) – Public worker unions and others who back traditional pensions over 401(k)-style plans got ammunition on Tuesday from a new study that shows U.S. state governments that made the switch did not achieve the predicted savings but rather lost...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
NEW CASE STUDIES FIND INCREASED COSTS WHEN STATES SWITCHED FROM PENSIONS TO INDIVIDUAL ACCOUNTS Alaska, Michigan, and West Virginia Experiences Offer Cautionary Examples to Policymakers WASHINGTON, D.C., February 10, 2015 – A series of new case studies finds that...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Sometime as early as April, Philadelphia’s beleaguered pension fund will begin sending out $62 million in bonus checks to retirees. It will do so despite being woefully underfunded – it has less than 48 percent of its $10 billion in obligations – and...
