Pensions
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.
The law enacted is designed to address shortages of full-time teachers in some subjects and substitute teachers
Confronted with a major financial crisis, the Los Angeles City Council voted three years ago to cut retirement benefits for new hires by raising the retirement age and reducing the size of pensions
Chicago’s City Council approved a budget plan with a property tax hike and other fees to close a shortfall and improve the city’s underfunded pension system
The Central States Pension Fund filed an application with the U.S. Department of Treasury seeking approval for a pension rescue plan under the Multiemployer Reform Act of 2014
Preliminary figures for 2014 also point to a lower but still significant shortfall
The strike comes as teachers in Seattle have gone six years without a cost-of-living pay increase
In New Jersey, the local and state unfunded liabilities reached nearly $55 billion last July 2014 - about $40 billion is state pension debt
California’s strong legal protections for public pension benefits limit the state and local governments’ options to address pension challenges
The city’s savings will grow from $4.7 million next year to $17.2 million a year by 2021
One of the subplots of the Illinois budget standoff will take center stage with an attempt by House Democrats to restore legislation to prevent labor unrest
Pension obligation bonds will not correct unsustainable benefit and contribution practices and are not a form of pension reform
While the agreement only covers retirement benefits for police and firefighters, it is expected to pave the way for settlements with other unions
The latest federal data illustrates how benefits are becoming more costly for states and localities
For many former state workers, a monthly public pension check is their bread and butter in retirement
Recent court decisions shed light on the legal limits of pension reforms while emphasizing the variety of protections afforded to employee pension benefits
Whether and when the Affordable Care Act will be fully implemented in all 50 states is a tough question to answer
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