by rondelord | Aug 27, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
It’s well-known that there’s a huge financial hole in state-sponsored retirement plans for public employees, a hole that states will eventually have to fill with tax increases and spending cuts. There is, however, still considerable debate as to the size of this...
by rondelord | Aug 22, 2015 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Amid the nationwide panic over the rising costs of public employee pensions, one proposed solution is nearly universal: States and municipalities should shutter their traditional defined benefit plans and place all new employees in a 401(k)-style defined contribution...
by rondelord | Aug 22, 2015 | Collective Bargaining, Fire, Pensions, Police, Politics, Unions
A proponent of the latest California public-pension ballot proposal has launched an email effort he says will drum up an army of volunteers to collect signatures. A spokesman for the measure’s union opposition countered that the email is “a fundraising scam.” The mass...
by rondelord | Aug 22, 2015 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The city of Chicago is the local government most burdened by unfunded retirement plans in the nation, with a pension debt that’s more than eight times annual revenues, according to a new study by Moody’s Investors Service. The city’s unfunded pension...
by rondelord | Aug 22, 2015 | Fire, Labor, Pensions, Police, Politics, Unions
DALLAS – The Dallas Police and Fire Pension System helps support our first responders in their retirement. It has come under intense scrutiny over millions of dollars in questionable investments, and now sources tell News 8 the FBI has made contact with certain...
by rondelord | Aug 22, 2015 | Collective Bargaining, Fire, Labor, Pensions, Politics, Unions
Mayor Mitch Landrieu and the New Orleans City Council have until Aug. 21 to begin paying firefighters a judgment worth a potential $142 million, or they will be held in contempt, a Civil District Court judge told officials Thursday (Aug. 6). The council is scheduled...
