by Ron DeLord | Sep 14, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The Wall Street Journal reports that public employee pension plans are getting more realistic about the returns they assume for their investments. But, as I show in a new report released by the American Enterprise Institute, they’re not being nearly realistic enough....
by Ron DeLord | Sep 8, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
This country has made a lot of terrible financial blunders. Easily among the top ten would be the decision to allow public employees to form unions and engage in collective bargaining. Only a little more than 50 years old, that mistake has done prodigious harm to us...
by Ron DeLord | Sep 8, 2015 | Collective Bargaining, Labor, Pensions, Politics, Public Employees (Non-Sworn), Unions
At L.A. City Hall, it was the most hotly debated policy initiative of 2012: a new law aimed at reining in retirement benefits for thousands of future public employees. Alarmed by steadily growing pension costs, the City Council voted to scale back the size of pensions...
by Ron DeLord | Sep 8, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Last week’s wild gyrations in global financial markets almost certainly exposed the vulnerability of U.S. state and local authority public pension funds which have piled into riskier assets in recent years, according to actuaries and other pension experts. Based...
by Ron DeLord | Sep 8, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
The city of Milwaukee will try to get its unionized police officers to pay more of their pension contributions, under a discussion tied to Gov. Scott Walker’s push to end collective bargaining for most public employees in Wisconsin. The collective bargaining...
by rondelord | Aug 27, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Legal challenges continue to pose problems for municipalities seeking to cut their pension obligations in California, according to Fitch Ratings, but a voter initiative could present a bigger challenge to unions and retirees. Fitch said that a recent legal settlement...
