by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The Philadelphia Board of Pensions is looking at the possibility of enticing more than 30,000 retirees to switch to a less lucrative and less costly benefits plan. Graphic: Reducing the city’s pension liability A conversion plan is the latest idea to surface...
by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
FORT WORTH – The executive director of the Fort Worth Employees’ Retirement Fund told the City Council Tuesday that the fund lost money in 2015 because of poor market conditions and that its board is considering a more aggressive investment policy in hope of...
by Ron DeLord | Jun 26, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The city of Memphis will move forward with an unpopular change to an employee retirement plan on July 1 after a judge decided Monday to allow the switch. Shelby County Circuit Court Judge Rhynette Hurd denied a motion by the plaintiffs — including police and...
by Ron DeLord | Jun 19, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
Mayor Sylvester Turner and the leaders of the city’s three pension boards made clear to a visiting group of state lawmakers on Monday that they agree a fix to the city’s growing pension burden must be found, perhaps by the mayor’s deadline of...
by Ron DeLord | Jun 19, 2016 | Collective Bargaining, Labor, Pensions, Police, Politics, Unions
SPRINGFIELD — Calling the city’s pension liability a “fiscal time bomb,” City Council Finance Committee Chairman Timothy Allenhas scheduled two additional meetings this week to discuss current strategies and future options to resolve the issue. The...
by Ron DeLord | Jun 19, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
TRENTON, N.J. – The New Jersey Supreme Court delivered a victory Thursday to Gov. Chris Christie and ruled the state does not owe public pensioners cost-of-living payments suspended under a 2011 law. The 6-1 ruling effectively keeps the state from having its unfunded...
