More Pensions Articles

  • Detroit strikes 2nd deal with its other retirees

    DETROIT (AP) — The Detroit pension fund that covers all retirees except former police officers and firefighters says it has reached a tentative agreement with the bankrupt city. Tina Bassett, a spokeswoman for the city's general pension fund, says retirees would see a 4.5 percent cut and...

  • Alaska House panel advances governor's pension plan

    JUNEAU, Alaska (AP) — The House Finance Committee advanced Gov. Sean Parnell's plan for addressing the state's pension obligation Tuesday, but the issue was not yet settled. As HB385 was moving from committee, Senate Finance was meeting on the opposite end of the fifth floor of the Capitol,...

  • Pulitzer Board vindicates Oregonian for pension reform push that Big Labor opposed

    Throughout 2013, the Oregonian's editorial board fought a valiant battle to get state lawmakers to address the Beaver State's staggering public worker pension liabilities. The effort failed primarily due to staunch opposition from the state's Big Labor leaders, who argued there was no pension...

  • Illinois Gov. Pat Quinn's tour highlights questions of taxes

    Gov. Pat Quinn's tour of the state to push his program aimed at helping first-time homebuyers quickly turned political Monday as both he and his Republican gubernatorial opponent wasted no time highlighting likely recurring themes in the 2014 race: wealth and taxes.

  • Alaska Gov. Sean Parnell's pension plan gets municipal support

    Municipal leaders on Saturday expressed support for Gov. Sean Parnell's approach to addressing the state's pension obligation.

  • Tough tax votes loom in Illinois

    Faced with an expected $3 billion budget hole from an expiring income tax increase, Illinois lawmakers are grappling with whether to raise taxes to avoid major cuts to schools and social services next year.

  • Puerto Rico court strikes down new pension law

    SAN JUAN, Puerto Rico (AP) — Puerto Rico's Supreme Court on Friday ruled that a law to change a teachers' retirement system is unconstitutional, dealing a blow to the U.S. territory's governor as he tries to revive a sluggish economy. The decision responds to a lawsuit that teachers filed...

  • Mediation in Rhode Island pension lawsuits fails

    PROVIDENCE, R.I. (AP) — Talks to salvage a proposed settlement that would end the legal fight over Rhode Island's 2011 landmark pension overhaul have failed, and the court challenge is moving ahead. Gov. Lincoln Chafee and General Treasurer Gina Raimondo on Friday announced the settlement...

  • Detroit reaches bankruptcy deal over some bonds

    The city of Detroit reached a deal in bankruptcy over $388 million in bonds, mediators announced Wednesday, a significant agreement that could influence other creditors to try to get a settlement.

  • Chris Christie pushes for arbitration changes

    Gov. Chris Christie is trying to build pressure on lawmakers to re-adopt a cap on raises for police and firefighters that arbitrators can award.

  • Illinois Legislature OKs Chicago pension overhaul

    State lawmakers on Tuesday approved Chicago Mayor Rahm Emanuel's proposal for overhauling two city pension programs that officials say could otherwise be out of money in little more than a decade.

  • Rahm Emanuel: Chicago pension changes tough, but worth it

    Chicago Mayor Rahm Emanuel says his plan to overhaul two city pension funds may be difficult to swallow, but will be worth it.

  • Pensions pose latest challenge for Chicago mayor

    CHICAGO (AP) — Rahm Emanuel has been a force in politics — the mastermind behind a Democratic takeover of Congress, dealmaker in two White Houses and now the hard-charging mayor intent on fixing what ails the nation's third-largest city, no matter whom he ticks off in the process. But less...

  • Settlement fails in Rhode Island pension overhaul

    A proposed settlement that would have ended the legal fight over Rhode Island's 2011 landmark pension overhaul, which has been a model for other states looking to rein in runaway pension costs, was rejected by one of the groups voting on it, officials announced Monday. The parties were ordered...

  • Illinois' next pension issue: Police and fire funds

    Mayors across Illinois are demanding that state lawmakers address serious shortfalls in local police and fire pension funds. The effort comes after the Illinois Legislature dealt with the state's own pension problem last year.



From the Weekly Standard