by Ron DeLord | Oct 23, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Unions
The Dallas Police and Fire Pension Board approved a plan Thursday asking its police and firefighters to help rescue their failing retirement fund. Sixty-five percent of police and firefighter would have to agree to the changes that would cut benefits and increase...
by Ron DeLord | Oct 23, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Call it the tale of two pension crises. In June, the Los Angeles Times’ business pages looked at the looming retirement savings disaster caused by the nearly 40-year transition from traditional employer-sponsored defined-benefit pensions to individual 401(k) plans — a...
by Ron DeLord | Oct 14, 2016 | Fire, Labor, Pensions, Police, Politics, Unions
The unfunded liability in Charleston’s older pension plan for firefighters and police officers jumped more than $40 million over one year, but the city’s treasurer says it’s likely “a one-time event.” The unfunded liability is limited to police and fire department...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
While state legislators are still grappling with pension reform, Will County officials continue to look at ways to adopt some reforms within their own powers of government. Board Speaker Jim Moustis, R-Frankfort Township, asked his executive committee members to...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Moody’s Investors Service said Friday it is cutting its rating on $958 million in Philadelphia Retirement System pension bonds, issued by the Philadelphia Authority for Industrial Development back in 1999, and on $300 million in taxable City Service Agreement...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Four Marin labor groups have appealed a state appeals court decision that some say could radically alter the ability to reduce the retirement benefits of public employees who are still on the job. The plaintiffs — the Marin Association of Public Employees, known as...
