by Ron DeLord | Nov 20, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
LA WATCHDOG–According to the opaque actuarial report for the Los Angeles City Employees’ Retirement System (“LACERS”), 2016 was a good year. The return on its investment portfolio was 7%, the unfunded pension liability of $5.5 billion was $200 million lower...
by Ron DeLord | Nov 20, 2016 | Fire, Labor, Pensions, Police, Politics, Unions
The divided court upheld a Maricopa County Superior Court ruling that found a 2011 pension-reform law unconstitutional. A state Supreme Court ruling will require refunds to elected officials and public-safety officers who since 2011 were required to pay more for their...
by Ron DeLord | Nov 20, 2016 | Collective Bargaining, Fire, Labor, Politics, Unions
HAMILTON — The township’s Fire District 4 recently reduced their career firefighting shifts to three firefighters, down from four, concerning the towns’s two fire unions. Union officials say the manpower reductions seem to be budget related, and...
by Ron DeLord | Nov 20, 2016 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
As South Carolina lawmakers grapple with how to fix the state’s ailing pension system, the cost of having roughly $20 billion in unfunded liabilities is ticking up. That cost is rising by about $150,000 an hour, said state Rep. Jeff Bradley, R-Beaufort, a member of...
by Ron DeLord | Nov 20, 2016 | Fire, Labor, Pensions, Police, Politics, Unions
The chairman of the Texas House pensions committee said Friday he can’t rule out moving Dallas police and firefighters away from a pension plan and toward a defined contribution retirement plan. Such a plan would mean the city would have to only pay in a...
by Ron DeLord | Nov 20, 2016 | Collective Bargaining, Fire, Health Insurance, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
MEMPHIS, TENN. — The city of Memphis has decided to reinstate pre-65 retiree healthcare subsidies–much to the chagrin of some union employees. Memphis cut most retiree healthcare subsidies to shift contributions to the city’s pension fund two years ago. Retirees over...
