by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Politics, Public Employees (Non-Sworn), Unions
Adjusted net pension liabilities for the 50 largest local governments totaled $367 billion in fiscal year 2015, up 192% from 2005, said a report Friday from Moody’s Investors Service. Of the 50 municipal entities reviewed, 32 had greater adjusted net pension...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
After a Thursday 6th Circuit U.S. Court of Appeals ruling that could alter how cities like Knoxville handle city pension cost of living adjustment increases, a Knoxville councilman wrote an open letter to Mayor Madeline Rogero asking the city to take up the issue. The...
by Ron DeLord | Nov 8, 2016 | Labor, Police, Politics, Public Employees (Non-Sworn), Unions
In July 2015, the University of California’s student-workers union, United Auto Workers (UAW) 2865, passed a resolution calling on the AFL-CIO to terminate the membership of the International Union of Police Associations (IUPA). Now, after a series of meetings in Los...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
New Jersey became the state with the worst-funded public pension system in the U.S. in 2015, followed closely by Kentucky and Illinois. The Garden State had $135.7 billion less than it needs to cover all the benefits that have been promised, a $22.6 billion increase...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Health Insurance, Labor, Police, Politics, Public Employees (Non-Sworn), Unions
More than $3.5 million in the approximately $6.5 million the city will spend for health insurance is spent on retirees. October 11, Sam Teresi, Jamestown mayor, released his 2017 executive budget that contains an $878,736 deficit. Teresi said the ”No. 1” issue city...
by Ron DeLord | Nov 8, 2016 | Collective Bargaining, Fire, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Memphis Police Director Michael Rallings and one other employee will be allowed to delay their retirements, thanks to a City Council vote Tuesday. The council unanimously approved an ordinance allowing senior members of Mayor Jim Strickland’s administration to...
