by rondelord | Nov 22, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
The newly formed Detroit Financial Review Commission may not have quite as much power as the New York oversight board that was its inspiration — especially once a few bankruptcy-era union contracts are up for renegotiation in the coming years. The commission members,...
by rondelord | Nov 22, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
In what looked like a referendum on a voter-approved pension reform, a supporter, Councilman Sam Liccardo, was narrowly elected mayor of San Jose. He defeated a union-backed reform opponent, Supervisor Dave Cortese, who conceded last week. Local, state and national...
by rondelord | Nov 17, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A key Supreme Court case could shake up advisers who work with union employees and retirees whose ability to obtain health care benefits through retirement hangs in the balance. The Supreme Court on Monday heard arguments on M&G Polymers USA LLC v. Tackett, a...
by rondelord | Nov 17, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
VERMONT – A Burlington committee has issued goals for addressing the city’s increasingly costly retirement system. The group’s report states that taxpayers’ contribution to city employee retirements has risen from $274,878 in the early 2000s to...
by rondelord | Nov 17, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
A decade ago, many of California’s public pension plans had plenty of money to pay for workers’ retirements. All that has changed, according to a far-reaching package of data from the state controller. Taxpayers are now on the hook for billions of dollars...
by rondelord | Nov 17, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Incoming Chicago Treasurer Kurt Summers is pledging to improve investment returns for the city’s pension funds and reduce investment-management fees. Both are worthy goals, but he’s the first to admit that they “aren’t going to change the kinds...
