by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The union representing police patrolmen — which was once led by Mayor D. Michael Collins — voted down a proposed three-year contract that was hammered out last week with the mayor days before he suffered a cardiac arrest. Toledo Chief of Staff Robert Reinbolt and...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
It’s official: Civilian city employees hired after March 1 will participate in a new pension plan, one that functions more like a 401(k) plan. The pension changes, approved Tuesday by the Omaha City Council, mark a significant step in Mayor Jean Stothert’s goal of...
by rondelord | Feb 12, 2015 | Labor, Pensions, Politics, Unions
City of Chicago retirees Mary J. Jones and Barbara Lomax took turns hobbling to the witness stand Friday in a Daley Center courtroom to help make the case against reducing city pension benefits. Jones, 62, and Lomax, 65, are among thousands of retirees whose annual...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
LOS ANGELES (Reuters) – Public worker unions and others who back traditional pensions over 401(k)-style plans got ammunition on Tuesday from a new study that shows U.S. state governments that made the switch did not achieve the predicted savings but rather lost...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
NEW CASE STUDIES FIND INCREASED COSTS WHEN STATES SWITCHED FROM PENSIONS TO INDIVIDUAL ACCOUNTS Alaska, Michigan, and West Virginia Experiences Offer Cautionary Examples to Policymakers WASHINGTON, D.C., February 10, 2015 – A series of new case studies finds that...
by rondelord | Feb 12, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Sometime as early as April, Philadelphia’s beleaguered pension fund will begin sending out $62 million in bonus checks to retirees. It will do so despite being woefully underfunded – it has less than 48 percent of its $10 billion in obligations – and...
