The new chief will be running an organization whose members are fighting almost unprecedented cuts in jobs, benefits, bargaining rights - and increasingly angry taxpayers who question the size of their pension and healthcare benefits.
Voters in San Diego favored moving new employees to plans similar to private-sector 401(k)s. San Jose will force employees to choose between reduced benefits or sharply higher employee contributions to maintain current benefits.
Source: St. Louis Post-Dispatch | Illinois |
June 1, 2012
Illinois legislators left Springfield without passing the sweeping state pension reforms that Gov. Pat Quinn has been demanding all year. Instead, they sent Quinn a gambling expansion bill he doesn’t want.
State law, which went into effect Oct. 1, 2008, allows the attorney general to revoke or reduce the pension of public officials, state or municipal employees convicted of a crime related to their office, but it doesn't apply to officials convicted before that date.
Source: Houston Chronicle | Houston |
May 18, 2012
The city of Houston sued the firefighters pension board in state District Court in an effort to pry open the retirement system's books for a look at supporting data behind the $61 million annual bill it sends to City Hall.
Concerned about Wal-Mart’s reported cover-up of bribery in its Mexico operations, leaders of New York City’s pension funds said they would vote their 4.7 million company shares against five directors standing for re-election to the retailer’s board at its annual shareholder meeting next month.
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