Pensions

The judge ruled the former trooper's constitutional rights under the Eighth Amendment were violated when he was ordered to lose his pension

Under the revised policy, police and firefighters can retire at age 55 or with 25 years of service, whichever comes first

Firefighters and police officers nearing the 20-year mark will be able to retire early with a reduced pension

Lawmakers are looking at creating a new pension system that would guarantee decent lifetime retirement benefits if officers stick around on the job

Local 73 is pushing for a system that is expected to be more responsive to firefighter concerns

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

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

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.

A new NCPERS report shows that the notion that governments can’t afford both pensions and education is a false dilemma.

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.

U.S. Conference of Mayors voted in support of the Diverse Asset Managers Initiative, which advocates that public pensions be managed by diverse groups.

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.

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 just sold grant anticipation notes to JPMorgan Chase & Co. that will be repaid with state aid.

Pennsylvania would be the first to transition all public school teachers and state employee pension funds to hybrid pension plans.