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.
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
Pension obligation bonds will not correct unsustainable benefit and contribution practices and are not a form of pension reform
While the agreement only covers retirement benefits for police and firefighters, it is expected to pave the way for settlements with other unions
The latest federal data illustrates how benefits are becoming more costly for states and localities
For many former state workers, a monthly public pension check is their bread and butter in retirement
Recent court decisions shed light on the legal limits of pension reforms while emphasizing the variety of protections afforded to employee pension benefits
Whether and when the Affordable Care Act will be fully implemented in all 50 states is a tough question to answer
The contract deal resolves a feud over disability benefits, while adding 20 five-member engine companies and providing 11 percent raises over seven years
For 26 states, pension plan funding ratios have fallen below the 70 percent minimum threshold that would deem them “at risk”
The battle over whether a company can force its workers to pay union dues landed in a Kentucky federal courthouse
States are mounting an uneven fiscal recovery from the Great Recession, with energy-rich states leading and states with big pension obligations lagging
The Center for State and Local Government Excellence finds the funded status of public pensions increased from 72 percent in 2013 to 74 percent in 2014
The challenges SEIU faced organizing janitors in 1990 have only gotten more widespread. So have the tactics it took up to meet them
California residents will vote on a pension reform issue next year that has stalled progress
A proposed ballot initiative would automatically enroll state and local government employees in a 401(k)-styled defined contribution plan starting in 2019
Gov. Rick Scott signed a landmark pension reforms bill negotiated between Mayor Ashton Hayward and the city’s firefighters’ union
The new expanded database includes quick facts on public pensions for local and state governments
