by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
SCRANTON, Pa. (AP) – Pennsylvania’s auditor general says Scranton has made some progress in paying its municipal pension debt, but serious funding issues remain. the cityis making “incremental progress,” but looming increases in mandated pension payments could further...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
PORTLAND, Ore. (PORTLAND TRIBUNE) — Members of two state boards are floating the idea of a statewide bond issue to deal with the $22 billion in unfunded liabilities of Oregon’s public pension system over the next decades. Members of the Public Employees Retirement...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A divided federal appeals court on Monday rejected claims by Detroit retirees that their pensions were unfairly cut to help the city end the largest U.S. municipal bankruptcy. The 6th U.S. Circuit Court of Appeals in Cincinnati said restoring the pension cuts would...
by Ron DeLord | Oct 14, 2016 | Fire, Labor, Pensions, Police, Politics, Unions
ARLINGTON — State legislators said Thursday that they have Dallas officials’ backs as they try to save the city’s police and fire pension system. Not that the state is offering any money. The Legislature wants no responsibility for the fund’s $3.3...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
With CalPERS sitting on $170 billion of pension debt created by 17 years of underfunding, we CalPERS pensioners deserve some answers. Will this finally be the year that the California Public Employees’ Retirement System board proves that getting full funding is more...
by Ron DeLord | Oct 14, 2016 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn)
CHICAGO – Changes in assumed investment return rates at four of Illinois’ five state employee pension funds, as well as other revised assumptions in areas like life expectancy, are raising pressure on the state to tackle pension reforms. The Teachers’...
