by rondelord | Jun 8, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The City of Omaha’s two pension funds earned smaller investment returns last year as the city tries to dig itself out of its pension shortfall. The city expects a return of about 8 percent each year. In 2014, the fire and police pension fund returned 4.9 percent and...
by rondelord | May 30, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
CHICAGO — Illinois is facing one of the worst fiscal crises of any state in recent decades, largely because it has mismanaged its pension system. The shortfalls could potentially mean sharply higher taxes and cuts in spending. And even though the state’s highest court...
by rondelord | May 30, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Mayor Rahm Emanuel’s plan to fix Chicago’s police and fire pension systems cleared its first hurdle at the Capitol on Friday, an approach that requires all city revenue from a Chicago casino to be paid into the funds and gives the city more time to restore the funds’...
by rondelord | May 30, 2015 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The Governmental Accounting Standards Board is implementing new rules that require governments, for the first time, to report unfunded pension liabilities on their 2015 balance sheets. This sticker shock should create new urgency for meaningful pension reform. A...
by rondelord | May 30, 2015 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
ALBUQUERQUE (KRQE)- The City Council Wednesday night, approved a budget which provides enough money to give police, firefighters and most other city employees a bump in pay. Mayor Berry is calling it a compromise and an example of what bipartisanship looks like. The...
by rondelord | May 30, 2015 | Collective Bargaining, Fire, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
In corridors up and down the state Capitol, support for law enforcement is clear. Lawmakers adorn their doors and windows with black-sashed state police emblems to honor a trooper who died and another who was wounded by an alleged sniper in September. In a hallway, a...
