by rondelord | Nov 17, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Incoming Chicago Treasurer Kurt Summers is pledging to improve investment returns for the city’s pension funds and reduce investment-management fees. Both are worthy goals, but he’s the first to admit that they “aren’t going to change the kinds...
by rondelord | Nov 10, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
LOS ANGELES (Reuters) – Union-backed defenders of public pensions and their opponents expect their battle to expand to more states next year in the fight over U.S. entitlements after Tuesday’s mid-term elections. Despite defeat for a hotly contested ballot...
by rondelord | Nov 10, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
JACKSONVILLE, FL – After some City Council members said they want to strike down the city’s existing agreement with police and firefighters over pension benefits, one now wants to set aside $1 million for the legal battle that could ignite. Councilman Matt...
by rondelord | Nov 5, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Voters in Phoenix on Tuesday rejected an initiative that would have closed the $2.2 billion Phoenix City Employees’ Retirement System and created a new 401(k) plan for city employees. Pension reform measures could lead to new investments at Phoenix City Employees The...
by rondelord | Nov 5, 2014 | Collective Bargaining, Pensions, Police, Politics, Unions
With tens of millions of dollars in potential retiree medical liabilities at stake, Vallejo is fighting a legal battle with its police union over cuts to health benefits imposed as part of the city’s plan to exit bankruptcy. At the center of the year-old case is...
by rondelord | Nov 5, 2014 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Imagine for a moment that you have run into deep financial trouble and have decided to file for bankruptcy protection. Your credit rating plummets, your home is sold at a fire sale, and you can’t rent an apartment or buy a car. You spend long hours at the negotiating...
