by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In less than a month legislators will return to Columbia for the 2017 session. The two biggest problems some say they face are fixing roads and overhauling the state’s failing pension program. The program has been deteriorating since 1999 after a series of bad...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Politics, Public Employees (Non-Sworn), Unions
Pittsburgh’s defined-benefit pension problems are typical for such traditional but unsustainable plans. That’s why so many businesses have switched to 401(k)-style defined-contribution plans — as the city should have long ago. Enough hasn’t been...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
TRENTON — Leaders of the state’s largest public-safety unions are pushing a plan to shift control of their pension fund investments to a union-dominated board, rather than the state. But their colleagues in the smaller unions are resisting the possible change. The New...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Los Angeles, CA–There are certain respects in which Los Angeles, for all its innate advantages, feels like an unsustainable city. It has the nation’s largest homeless population, the worst traffic, and numerous other service failures. Lack of money...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
After four long, painful years, San Bernardino will soon emerge from bankruptcy. A federal judge on Tuesday said she would approve the city’s plan to exit bankruptcy, marking a major step toward the end of the process for San Bernardino. “This is a very important day...
by Ron DeLord | Jan 10, 2017 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The state’s largest cities face tens of billions of dollars in unfunded liabilities to employee pension funds, a series of separate financial situations that is spurring massive account withdrawals, ongoing lawsuits, mounting political friction and national media...
