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Spiraling pension costs may send Hollywood over financial cliff, experts warn

by rondelord | Mar 9, 2015 | Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

Out-of-control pension costs will endanger Hollywood’s bottom line for years to come unless City Hall embraces drastic reform, financial experts warned Monday. “I’m so glad we are finally biting the bullet here,” City Commissioner Patty Asseff...

Phoenix looks to cap pensions of top earners

by rondelord | Mar 9, 2015 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

Two years after Phoenix voters approved an overhaul of the city’s pension system for thousands of civil workers, the city could ask voters to go back and clean up some weak spots and unintended consequences. City Council members will decide Wednesday whether to...

Holden administration proposes 2 percent pay hike for city workers

by rondelord | Mar 9, 2015 | Fire, Labor, Police, Public Employees (Non-Sworn), Unions

Baton Rouge police officers, firefighters and the lowest-paid city workers in the Department of Public Works should soon see pay raises after years of pushing for increases when city leaders have deemed the budget too tight. After failing again in December to add...

Stamford mayor pledges to fund pensions

by rondelord | Mar 9, 2015 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

STAMFORD ­­– Mayor David Martin is asking for steep increases to fund pensions and retiree benefits for city employees as part of his annual budget proposal. The city to date has not met its obligations for its employees’ retirement benefits. Martin said...

Chicago pension reform lawsuits put on hold

by rondelord | Feb 27, 2015 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

Feb 23 (Reuters) – Lawsuits seeking to void a law aimed at shoring up the finances of two Chicago pension funds have been put on hold pending a ruling by the Illinois Supreme Court on a law affecting state public retirement funds, participants in the litigation...

BILL TO CHANGE PERS INTRODUCED IN NEVADA ASSEMBLY

by rondelord | Feb 27, 2015 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions

CARSON CITY — A bill seeking to change the public employees retirement system for future hires by switching to a mostly defined-contribution plan was introduced Monday in the Assembly. Assembly Bill 190, sponsored by Randy Kirner, R-Reno, seeks to eliminate the...
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