by Ron DeLord | Nov 20, 2016 | Fire, Labor, Pensions, Police, Politics, Unions
The chairman of the Texas House pensions committee said Friday he can’t rule out moving Dallas police and firefighters away from a pension plan and toward a defined contribution retirement plan. Such a plan would mean the city would have to only pay in a...
by Ron DeLord | Nov 20, 2016 | Collective Bargaining, Fire, Labor, Pensions, Politics, Unions
Jacksonville police, firefighters and corrections officers hired in the future would not be offered pensions under a plan unveiled Friday by Mayor Lenny Curry. Curry’s pitch for ending pensions of public safety workers means he wants the city to get out of...
by Ron DeLord | Nov 20, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
Lexington has shorted its police and fire pension fund by more than $700,000 over the past three years, the board that oversees the pension learned Wednesday. Finance commissioner Bill O’Mara told the of the city’s contribution into the fund over the past two fiscal...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
After a Thursday 6th Circuit U.S. Court of Appeals ruling that could alter how cities like Knoxville handle city pension cost of living adjustment increases, a Knoxville councilman wrote an open letter to Mayor Madeline Rogero asking the city to take up the issue. The...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Pensions, Politics, Unions
Mayor Lenny Curry is getting push back from Jacksonville police and firefighter unions on a plan to increase employee contributions to existing pensions and require new employees to enter a 401k retirement plan instead of a pension. The closing of the pensions to new...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
New Jersey became the state with the worst-funded public pension system in the U.S. in 2015, followed closely by Kentucky and Illinois. The Garden State had $135.7 billion less than it needs to cover all the benefits that have been promised, a $22.6 billion increase...
