Pensions
The judge ruled the former trooper’s constitutional rights under the Eighth Amendment were violated when he was ordered to lose his pension
Under the revised policy, police and firefighters can retire at age 55 or with 25 years of service, whichever comes first
Firefighters and police officers nearing the 20-year mark will be able to retire early with a reduced pension
Lawmakers are looking at creating a new pension system that would guarantee decent lifetime retirement benefits if officers stick around on the job
Local 73 is pushing for a system that is expected to be more responsive to firefighter concerns
Union representatives testified in March in favor of cities paying 26.5% of the salaries of officers and firefighters – up from 19.5% for police and 24% for fire
Retired Capt. Mike Earley was given a year to live in May; five months later, the New York City Employees’ Retirement System has not approved his application
Mishawaka may open a clinic for public employees that could save the city $1M annually. How can health clinics increase savings for your city?
Amid public sector worker shortages, a new report from the National Institute on Retirement reveals just how crucial pensions are for recruiting and retaining firefighters, law enforcement officers, teachers and other critical public service roles.
A new NCPERS report shows that the notion that governments can’t afford both pensions and education is a false dilemma.
Mayor Lori Lightfoot’s challenge is steep: close an $838 million budget deficit while also appeasing the striking Chicago Teachers Union. Chicago public schools have been closed for five days, affecting 300,000 students.
U.S. Conference of Mayors voted in support of the Diverse Asset Managers Initiative, which advocates that public pensions be managed by diverse groups.
The Mossavar-Rahmani Center for Business and Government at Harvard University studies what could happen to pension funds in 10 states under various economic scenarios.
Municipalities in danger of bankruptcy can be resurrected. Pittsburgh turned deficits to surpluses, cut costs and created standards for best financial practices to get released from state oversight.
Chicago Public Schools just sold grant anticipation notes to JPMorgan Chase & Co. that will be repaid with state aid.
