Pensions
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
Pennsylvania would be the first to transition all public school teachers and state employee pension funds to hybrid pension plans.
Historically high outcome public pensions can bankrupt cities like Dallas and Houston. Wayne Winegarden explains the pros of defined contribution plans.
Pension reform legislation before Texas state legislators continues to fuel disagreements between Houston and Dallas leaders and public safety employees.
Puerto Rico has $70 billion in public debt. The Fed wants a 10 percent cut of its pension system, furlough measures and a stop of holiday bonuses.
Cities face huge employee benefit liabilities, so some Connecticut towns are changing retiree healthcare benefits.
Houston’s mayor and fire pension board are negotiating language in a pension reform deal that could prevent the city’s bankruptcy.
CalPERS voted to lower its expected pension investment returns pressuring the California Supreme Court’s pending review of the California Rule.
As the sun sets on 2016, which cities and regions will receive critical funding during the transition to the Donald Trump administration?
Mayor Mike Rawlings personally funds suit to bring the Dallas pension board to court in March and stop lump sum pension withdrawals.
In testimony to state regulators, Dallas reported that a Police & Fire pensions request for $1.1 billion would wipe out the city’s entire general fund.
By exploring the retirement incomes discrepancy between identical workers, we show that reformed public pensions benefit levels can be comfortable and comparable.
A pre-2005 Deferred Retirement Option Plan covers retirement and paychecks for five years. Accrued vacation led some to receive double pay for much longer.
Our columnist Wayne Winegarden explains why governments need to address the public pensions problem and presents actionable strategies for reform.
Illinois’ highest court overturns a law that would have cut into two of Chicago’s employee retirement accounts, and addressed $8 billion of the city’s $20 billion liability.
Fresno’s public pension plan is the only fully-funded California plan in a state with about $300 billion in combined unfunded liabilities. The city’s plan also has a $289 million surplus.
When the unfunded liability is reallocated from the state to the 92 cities in cost-sharing plans, the liability burden almost doubles
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