by rondelord | Nov 5, 2014 | Collective Bargaining, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Imagine for a moment that you have run into deep financial trouble and have decided to file for bankruptcy protection. Your credit rating plummets, your home is sold at a fire sale, and you can’t rent an apartment or buy a car. You spend long hours at the negotiating...
by rondelord | Oct 25, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Layoffs appear to be on the table for Fort Smith city employees as the city budget woes continue. According to an email Fort Smith City Administrator Ray Gosack sent to the city’s Board of Directors on Thursday (Oct. 16), “there doesn’t appear to be...
by rondelord | Oct 16, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
When Kenneth Blair joined the Detroit police force decades ago at age 19, he thought he was signing up for a steady job—and pension and health-care benefits for life. The fate of his pension is still up in the air as Detroit’s bankruptcy makes its way through the...
by rondelord | Oct 16, 2014 | Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
ARKANSAS – Fort Smith leaders are expected to meet with state legislators Tuesday to talk about fire/police pension funding and an anticipated shortfall beginning in 2019. At the Fort Smith Board of Directors study session, state legislators and David Clark,...
by rondelord | Oct 16, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
PROVIDENCE — The high-stakes union challenge to the 2011 pension overhaul championed by state treasurer and Democratic candidate for governor Gina Raimondo is back on the court docket for next week. Raimondo has made the sweeping rewrite of state pension law an issue...
by rondelord | Oct 16, 2014 | Collective Bargaining, Fire, Labor, Pensions, Police, Politics, Public Employees (Non-Sworn), Unions
Chicago’s unfunded pension obligations have ballooned to $37.3 billion — a more than three-fold increase since 2003 — because of inadequate employer contributions, declining investment income and a shrinking base of active employees, a taxpayers’ watchdog group has...
