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).
Source: Tennessean | Nashville, Tenn. |
October 3, 2012
The changes include raising the service requirement for vesting in the pension system and retiree health insurance program from five years to 10 and reducing the amount that Metro contributes in medical care premiums.
State and local governments facing pension liabilities that already total in the trillions of dollars will be forced to seek bailouts from the U.S. government, Republican Party Congressional staffers said in a study, as they warned that such bailouts could have dire consequences.
A union that represented about 100,000 employees in Milwaukee County, Milwaukee Public Schools, the City of Milwaukee and other municipalities sent letters requesting negotiations on new contracts, based on last week's court ruling striking down parts of the state's bargaining law for public workers.
Source: Milwaukee Journal Sentinel | Wisconsin |
September 17, 2012
A Dane County judge's ruling striking down many limits on collective bargaining for public workers will likely be appealed quickly and could go straight to a showdown on a divided, but often conservative-leaning state Supreme Court.
Source: Casper Star-Tribune | Wyoming |
September 17, 2012
Only three retirement groups are eligible for rehire after retirement — the big public plan that includes state government employees and the plans for law enforcement officers and Wyoming Air National Guard firefighters.
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