by rondelord | Dec 17, 2014 | Labor, Pensions, Police, Politics, Unions
HIALEAH, Fla. -City leaders said they are short tens of millions of dollars in pension obligations for 2014 and 2015. On Monday, the city attorney sent a letter to the head of the police union explaining the $28 million shortfall. The figure listed takes into account...
by rondelord | Dec 17, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In a recent meeting, an expert very supportive of public-sector employees raised the question of PERISA. These initials are shorthand for federal regulation of state and local pension plans—essentially extending some or all of the Employee Retirement Income Security...
by rondelord | Dec 1, 2014 | Fire, Labor, Pensions, Police, Politics, Unions
Cities and states across the country are facing a difficult financial future because of growing pension obligations. Politicians are often, rightly, derided for creating the pension problems that are eating away at state budgets and then kicking the can down the road...
by rondelord | Dec 1, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In the past five years, Oklahoma City taxpayers have cut checks totaling $20.6 million to retiring city employees for accrued vacation and sick leave, Watchdog.org found through an analysis of city databases. Nearly 500 employees — almost half — left the city with...
by rondelord | Dec 1, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In the last year, all three of Los Angeles’ public employee pension funds have recalculated their too-rosy estimates of how much they will earn in the years ahead. Those lowered earning forecasts may cost the city in the short term — if it has to deposit more...
by rondelord | Dec 1, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The 2015 Kentucky General Assembly, which starts Jan. 6, will be asked to devote billions of dollars in additional debt and spending to shore up the struggling pension funds that cover state workers and school teachers. But critics say the tax-subsidized pension...
