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How Rising Health Care Costs Are Wrecking Retirement Savings

How Rising Health Care Costs Are Wrecking Retirement Savings

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Fire, Health Insurance, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

American workers are feeling more stressed about their finances, in large measure due to the increasing out-of-pocket cost of healthcare, new research shows. They are looking to employers for guidance—and to do something about it. Six in 10 workers experience stress...
Mayor Curry says fixing Pension debt is his number one priority

Mayor Curry says fixing Pension debt is his number one priority

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions

JACKSONVILLE, Fla.—Residents on the Northside say the city is not doing enough when it comes to fixing homelessness and crime. Mayor Lenny Curry made his pitch Monday to a crowd of hundreds and said that fixing the $3 billion pension problem is what’s needed to...
Providence retirees cite hardships in challenge to city pension accord

Providence retirees cite hardships in challenge to city pension accord

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Fire, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

PROVIDENCE, R.I. — Testimony in a lawsuit by a group of city retirees challenging the 2013 cuts the city made in police and fire retirement benefits entered its second week Monday, as a dozen former police and firefighters described how the benefit reductions affected...
Palm Beach officials to consider revising pension plan

Palm Beach officials to consider revising pension plan

by Ron DeLord | Apr 25, 2016 | Fire, Labor, Pensions, Police, Politics, Unions

Two former town officials are urging the Town Council to act decisively to strengthen retirement benefits for the town’s non-union public safety workers. They want to reverse a worrisome trend toward high employee turnover in the police and fire-rescue departments....
Orleans voters reject property tax hike proposal

Orleans voters reject property tax hike proposal

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

NEW ORLEANS – Rejecting the wishes of the mayor, police and fire leaders and the departments’ unions, Orleans Parish voters on Saturday rejected a property tax increase to boost police and fire funding in New Orleans. With 95 percent of the precincts...
We Need a Sequel to The Big Short to Critique Public Pensions

We Need a Sequel to The Big Short to Critique Public Pensions

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

The Big Short is clearly a hit. Nominated for (and winning) a host of major awards, the film has reportedly clocked $131 million worldwide on a $28 million production budget. That should give screenwriters the incentive to follow up with the true-to-life sequel. Call...
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