by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A divided federal appeals court on Monday rejected claims by Detroit retirees that their pensions were unfairly cut to help the city end the largest U.S. municipal bankruptcy. The 6th U.S. Circuit Court of Appeals in Cincinnati said restoring the pension cuts would...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
With Riverside County’s budget challenges as a backdrop, county officials are negotiating with several public employee unions over contracts that have expired or are set to expire soon, although no deals appear imminent. Contracts with the Riverside Sheriffs’...
by Ron DeLord | Oct 14, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
With CalPERS sitting on $170 billion of pension debt created by 17 years of underfunding, we CalPERS pensioners deserve some answers. Will this finally be the year that the California Public Employees’ Retirement System board proves that getting full funding is more...
by Ron DeLord | Oct 14, 2016 | Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
Taxpayers expect their government to spend tax dollars wisely, on activities that benefit the public. But across the country, governments at all levels give away tax dollars to the exclusive benefit of public unions without getting anything in return. This subsidy,...
by Ron DeLord | Oct 14, 2016 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn)
CHICAGO – Changes in assumed investment return rates at four of Illinois’ five state employee pension funds, as well as other revised assumptions in areas like life expectancy, are raising pressure on the state to tackle pension reforms. The Teachers’...
by Ron DeLord | Oct 14, 2016 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
COLUMBIA — South Carolina’s 32,442 state employees are contributing more of their paychecks than ever to the state’s pension system, yet a deficit of $16.8 billion is projected to grow even more, representatives of state employee groups told lawmakers Tuesday. The...
