by rondelord | Nov 17, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
VERMONT – A Burlington committee has issued goals for addressing the city’s increasingly costly retirement system. The group’s report states that taxpayers’ contribution to city employee retirements has risen from $274,878 in the early 2000s to...
by rondelord | Nov 17, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A decade ago, many of California’s public pension plans had plenty of money to pay for workers’ retirements. All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of dollars...
by rondelord | Nov 17, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
JACKSONVILLE, FL – When city council resumes discussions on Mayor Alvin Brown’s proposed pension reform package on Monday, one council member says he will try to make significant changes to the deal — which could potentially kill it — and push forward an attempt...
by rondelord | Nov 17, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Incoming Chicago Treasurer Kurt Summers is pledging to improve investment returns for the city’s pension funds and reduce investment-management fees. Both are worthy goals, but he’s the first to admit that they “aren’t going to change the kinds...
by rondelord | Nov 17, 2014 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
Although Gov. Brian Sandoval was able to broker a temporary deal between city officials and union bosses — allowing the city to avoid insolvency for the next year — the city’s long-term obligations still far outweigh its likely future revenue. Even if the City Council...
by rondelord | Nov 17, 2014 | Fire, Health Insurance, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
SARASOTA, FL – Retired police and firefighters plan to keep fighting changes that the city has made to their health care plans, even though Sarasota officials insist they aren’t budging. Dozens of retirees turned out at City Hall two weeks ago to protest changes...
