by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Memphis Police Director Michael Rallings and one other employee will be allowed to delay their retirements, thanks to a City Council vote Tuesday. The council unanimously approved an ordinance allowing senior members of Mayor Jim Strickland’s administration to...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Pensions, Politics, Public Employees (Non-Sworn), Unions
In a potentially huge win for advocates of cutting government pensions, a San Francisco-based appeals court in August declared that public retirement plans were not “immutable” and could be reduced. The three-judge panel said the law merely requires government to...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
It’s been clear for years that Springfield residents have been suffering under the city’s deepening pension crisis. Two years ago, the city was already spending nearly every penny of its general fund property taxes on pension costs, leaving nothing for other core...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Ohio’s public pension systems could be in big trouble, according to a recent study, but that outlook can vary greatly depending on how much money they will make from the stock market over the years. The study, released Oct. 13 by the American Legislative...
by Ron DeLord | Nov 8, 2016 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The Public Employees’ Retirement System of Mississippi was hit with a quadruple fiscal whammy in fiscal 2016 that only worsens the defined-benefit pension system’s already shaky financial situation. According to the latest annual actuarial report, PERS — which serves...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A year after his 2010 election, Gov. Jerry Brown made a rare appearance at a legislative committee hearing to confront lawmakers about the steep cost of public employee pensions — and to demand that they pass his 12-point pension overhaul. Brown challenged fellow...
