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How Rising Health Care Costs Are Wrecking Retirement Savings

How Rising Health Care Costs Are Wrecking Retirement Savings

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Fire, Health Insurance, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

American workers are feeling more stressed about their finances, in large measure due to the increasing out-of-pocket cost of healthcare, new research shows. They are looking to employers for guidance—and to do something about it. Six in 10 workers experience stress...
Providence retirees cite hardships in challenge to city pension accord

Providence retirees cite hardships in challenge to city pension accord

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Fire, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

PROVIDENCE, R.I. — Testimony in a lawsuit by a group of city retirees challenging the 2013 cuts the city made in police and fire retirement benefits entered its second week Monday, as a dozen former police and firefighters described how the benefit reductions affected...
Orleans voters reject property tax hike proposal

Orleans voters reject property tax hike proposal

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

NEW ORLEANS – Rejecting the wishes of the mayor, police and fire leaders and the departments’ unions, Orleans Parish voters on Saturday rejected a property tax increase to boost police and fire funding in New Orleans. With 95 percent of the precincts...
We Need a Sequel to The Big Short to Critique Public Pensions

We Need a Sequel to The Big Short to Critique Public Pensions

by Ron DeLord | Apr 25, 2016 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

The Big Short is clearly a hit. Nominated for (and winning) a host of major awards, the film has reportedly clocked $131 million worldwide on a $28 million production budget. That should give screenwriters the incentive to follow up with the true-to-life sequel. Call...
Emanuel determined to craft new pension deal after court ruling

Emanuel determined to craft new pension deal after court ruling

by Ron DeLord | Apr 10, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

Mayor Rahm Emanuel said Thursday he’s back at the bargaining table with organized labor in hopes of squeezing through the window the Illinois Supreme Court cracked open, even as it overturned his plan to save two of four city employee pension funds. “I don’t agree...
Hartford Mayor Bronin Meets With Unions, Hoping For Concessions

Hartford Mayor Bronin Meets With Unions, Hoping For Concessions

by Ron DeLord | Apr 10, 2016 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions

HARTFORD — Mayor Luke Bronin pressed ahead with union talks Tuesday, a day after the city council rebuffed a proposal to support financial oversight legislation that Bronin has championed. Bronin arranged meetings with the city’s unions that are expected to...
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