by rondelord | May 1, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Pennsylvania’s debt outlook remains negative because the state still underfunds its pension systems and is unlikely to fully fund them in the coming years. Fitch’s, a credit ratings agency, gave a sobering view of Pennsylvania’s pension mess in a report Thursday that...
by rondelord | May 1, 2014 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
FLORIDA – The House approved its version of legislation closing the Florida Retirement System to elected officials and Senior Management employees Friday, voting along party lines for a package that includes less controversial revisions in the administration of...
by rondelord | May 1, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Phoenix voters will decide the fate of the city’s ailing employee-pension system this fall after a group of political activists succeeded Friday in getting a reform initiative certified to the ballot. Citizens for Pension Reform Committee, a group of...
by rondelord | May 1, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
ILLINOIS – Police and fire pension reform sounds better and better to downstate municipalities, including Springfield, but the capitol city’s unions are a little more wary. After the legislature passed a pension reform bill for two Chicago unions earlier...
by rondelord | May 1, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
THE ECONOMICS of public-sector pension reform are straightforward enough. Funds that states and municipalities must devote to employees’ retirement benefits are funds that they cannot spend on parks, libraries, transportation, public safety and other services. This...
by rondelord | May 1, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Detroit’s 100,000 public employees will get a much better pension deal after negotiators for Detroit’s two pension funds and the Retired Detroit Police and Fire Fighters Association bargained hard for days and nights over the city’s proposed...
