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.
An arbitrator ruled in favor of Allentown, PA, allowing cuts to manning, overtime sick leave pension calculations, and salary raises, potentially leading to millions of dollars in savings. Learn about the coming changes there and in other cities, as well as links to key documents outlining reforms in cities around the country.
North Haven, Connecticut, is tackling its rising pension costs by moving new police officers to a 401k plan. It also plans to reduce health care costs and bring other municipal employee unions into the same plan. Details and examples of similar moves in other cities are inside.
To raise money for its growing pension problems, the city of Allentown, PA, wants to lease the city’s water and sewage plants. We take a look at the strategy, financials, pros, cons, vendors
St. Joseph City Council approved a new IAFF Local 77 contract with phased pay raises, longevity boosts and EMT pay changes
The initiative now welcomes retired CBP officers and Border Patrol agents with full pay and pension, aiming to boost leadership and operational capacity
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
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