Pensions

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Plan to return control of St. Louis FF pensions to FF-dominated board gets initial OK
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Local 73 is pushing for a system that is expected to be more responsive to firefighter concerns
Proposed Ohio fire, police pension changes could add $11M to Cleveland's annual costs
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Union representatives testified in March in favor of cities paying 26.5% of the salaries of officers and firefighters – up from 19.5% for police and 24% for fire
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Ground Zero workers claim NYC stalls on disability paperwork, as they battle 9/11-related diseases
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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
Report: Eliminating Pensions Would Weaken Public Safety, Education
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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.
Report: Pension and Education Funding Can Co-Exist
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A new NCPERS report shows that the notion that governments can’t afford both pensions and education is a false dilemma.
As Teachers Strike, Chicago Mayor Offers Deficit Fix
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Mayor Lori Lightfoot's challenge is steep: close an $838 million budget deficit while also appeasing the striking Chicago Teachers Union. Chicago public schools have been closed for five days, affecting 300,000 students.
Mayors Support Diverse Asset Managers Initiative
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U.S. Conference of Mayors voted in support of the Diverse Asset Managers Initiative, which advocates that public pensions be managed by diverse groups.
Study: Public Pension Funds Still Highly Vulnerable
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The Mossavar-Rahmani Center for Business and Government at Harvard University studies what could happen to pension funds in 10 states under various economic scenarios.
Pittsburgh is Back from Near Bankruptcy
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Municipalities in danger of bankruptcy can be resurrected. Pittsburgh turned deficits to surpluses, cut costs and created standards for best financial practices to get released from state oversight.
Chicago Public Schools Borrows $275M to Fulfill Pensions
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Chicago Public Schools just sold grant anticipation notes to JPMorgan Chase & Co. that will be repaid with state aid.
PA to Move Teachers, State Workers to Hybrid Pension Plans
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Pennsylvania would be the first to transition all public school teachers and state employee pension funds to hybrid pension plans.
Pensions: The Case for Defined Contribution Retirement Plans
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Historically high outcome public pensions can bankrupt cities like Dallas and Houston. Wayne Winegarden explains the pros of defined contribution plans.
Houston & Dallas Pension Reform Legislation Moving
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Pension reform legislation before Texas state legislators continues to fuel disagreements between Houston and Dallas leaders and public safety employees.
Puerto Rico Pensions Jeopardizing Island's Civic Services
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Puerto Rico has $70 billion in public debt. The Fed wants a 10 percent cut of its pension system, furlough measures and a stop of holiday bonuses.
How Connecticut Towns are Saving on Retiree Healthcare
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Cities face huge employee benefit liabilities, so some Connecticut towns are changing retiree healthcare benefits.
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