Source: Arizona Republic | Arizona |
December 21, 2012
Lawmakers should consider creating an optional 401(k)-style retirement plan and raising the retirement age for future public employees if Arizona is interested in changing its financially ailing public-pension system, according to a 13-member pension-study committee led by the state treasurer.
Source: Boston Globe | Massachusetts |
December 19, 2012
As gun makers took a financial drubbing in the wake of the Newtown, Conn., shootings, Massachusetts Treasurer Steve Grossman directed the state pension fund to review its investments in any companies in the firearms industry.
Source: New York Times | New York |
December 14, 2012
The state’s highest court awarded enhanced pension benefits to two retired New York City police officers who said they were sickened by their work at the World Trade Center site, overturning a pension board’s ruling that their cancers were not related to ground zero.
Source: Chicago Tribune | Illinois |
November 8, 2012
With Illinois voters narrowly rejecting a constitutional amendment on pensions, those on both sides of the issue said the state is in largely the same place it would have been had voters approved the measure: facing tough choices about needed reforms.
Source: The Chicago Tribune | Illinois |
October 31, 2012
During a year dominated by discussion of the state's deepening pension crisis, voters across Illinois will find on their ballot a question asking if they want to make it tougher for governments to approve increased retirement benefits for public employees.
Source: Philadelphia Daily News | Philadelphia |
October 19, 2012
Currently, elected officials get a retirement plan that allows them to collect pensions as high as their full salaries. But the city is proposing to move future elected officials to a hybrid plan that combines a lower-benefit pension with a 401(k).
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