New York City was sued by the U.S. government on Thursday over allegations it unlawfully reduced pension benefits for police officers who have served in the military since the September 11, 2001, attacks.
Source: Philadelphia Inquirer | New Jersey |
July 31, 2012
New Jersey voters will decide in November whether judges should contribute more toward their pensions and benefits, after after the Supreme Court ruled last week that a 2011 law to increase public employee contributions to pensions and health benefits cannot apply to any sitting judge.
Traditionally, U.S. voters have backed generous pay and benefits for the cops and firefighters willing to risk their lives to keep citizens safe. But as economic conditions have worsened and many local governments have run into severe fiscal problems, that attitude has started to change.
Source: New Jersey Star-Ledger | New Jersey |
July 25, 2012
Incensed over a Supreme Court ruling declaring increased pension and health benefits contributions for certain judges unconstitutional, lawmakers said they’ll seek to change the state Constitution to force the hikes.
Source: Milwaukee Journal-Sentinel | Nation |
June 25, 2012
The Pew Center on the States found that only Wisconsin out of the 50 states has enough money set aside to meet its current obligations to pay the pensions that have been promised to public employees. Wisconsin got those high marks for its pension funding for fiscal year 2010 -- before Gov. Scott Walker required public employees to contribute more for their pension and work longer hours and more years to qualify for one.
Mayor Thomas M. Menino is proposing to boost the annual cost-of-living adjustment for most pensioners from $360 to $390, a $30 increase. City Council president Stephen J. Murphy is pushing for more, seeking a $90 increase over the current rate.
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