Pensions
Pensions are a critical aspect of financial security for public sector employees, managed by local and state government agencies to ensure long-term retirement benefits. Effective pension management involves balancing the needs of current and future retirees with the fiscal sustainability of the pension funds. This directory provides articles on pensions and related topics like Fiscal Responsibility, which examines the broader financial practices that ensure governments can meet their long-term obligations, including pension liabilities.
Our columnist Wayne Winegarden explains why governments need to address the public pensions problem and presents actionable strategies for reform.
Illinois’ highest court overturns a law that would have cut into two of Chicago’s employee retirement accounts, and addressed $8 billion of the city’s $20 billion liability.
Fresno’s public pension plan is the only fully-funded California plan in a state with about $300 billion in combined unfunded liabilities. The city’s plan also has a $289 million surplus.
From checking Social Security records to updating retirement plans, here’s a step-by-step checklist for maximizing your benefits
Retroactive payments averaging $6,710 are being sent to eligible public sector retirees previously impacted by WEP and GPO, with higher monthly benefits beginning in April
It could take more than a year to adjust benefits and disburse retroactive payments following the passage of the Social Security Fairness Act — here’s how to prepare
The new law eliminates provisions that reduced benefits for retired first responders and other public servants, offering retroactive and future payment increases
Violent crime against seniors in America has surged by 331% in the last decade, making safety a top priority for retirees; do you agree with the rankings?
Harford County’s NEXT GEN Responders Student Loan Relief is an incentive in fire, EMS recruitment and retention
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
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