More Pensions Articles

  • Detroit retirees back pension cuts by a landslide

    DETROIT (AP) — A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest public filing in U.S. history. Pension...

  • Snyder: Vote recognizes efforts to help Detroit

    LANSING, Mich. (AP) — Michigan Gov. Rick Snyder says a vote by Detroit workers and retirees to approve pension cuts in the city's bankruptcy is recognition that the state has pulled together in support of the city. In a statement Tuesday morning, Snyder said: "We have farther to go down this...

  • Detroit retirees vote in favor of pension cuts

    DETROIT (AP) — Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history. The city disclosed results from two months of balloting, which ended July 11. Judge...

  • Douglas County retirees lose health plan challenge

    Douglas County is not obligated to contribute the same amount to retiree health plans as it does for active employees, the Nebraska Supreme Court has ruled.

  • Tom Corbett seeks to change view of education record

    Since 2011, Pennsylvania Democrats have pointed to the budget-balancing cuts in education aid that GOP Gov. Tom Corbett signed six months into office. And there's evidence voters are listening: A recent independent voter poll found that the single biggest factor behind voter disapproval of...

  • NY pension fund seeks political spending reports

    ALBANY, N.Y. (AP) — New York's $176.2 billion pension fund for public workers this year has proposed 29 corporations more thoroughly disclose their political spending. Three have agreed to do it: Comcast, Peabody Energy and CF Industries. New York Comptroller Thomas DiNapoli, the fund's...

  • Bogus cash pays for roads

    WASHINGTON (AP) — If there's anything that can unite Democrats and Republicans in the partisan swamp of Capitol Hill, it's free money. The latest example of free money in Washington is a retread proposal called "pension smoothing" that raises money but doesn't increase anyone's taxes. To some...

  • First signs of a Detroit recovery?

    On Monday, Detroit is expected to release the results of a vote by the state's retirees on an accepting a "grand bargain" bailout package from Michigan.

  • State public pension funds earn 18 percent returns

    SACRAMENTO, Calif. (AP) — Two of the nation's two largest public pension funds are reporting investment returns of more than 18 percent for the fiscal year. The Sacramento Bee reported (http://bit.ly/1sgna4M ) Monday that the California Public Employees Retirement System had earnings of 18.4...

  • Tom Corbett veto exposes GOP divisions in Harrisburg

    The relationship between Gov. Tom Corbett and his fellow Republicans in the Legislature took a turn toward the dysfunctional this week as they traded insults about leadership following his decision to veto millions from the General Assembly's budget.

  • Alabama Gov. Robert Bentley looking at all possibilities on revenue

    Gov. Robert Bentley's opposition to new state taxes during his first term could change in a second term.

  • Patrick signs $36B state budget, announces vetoes

    BOSTON (AP) — Gov. Deval Patrick signed into law Friday the final state budget of his administration, while also asking lawmakers to expand his authority to order spending cuts, if needed, during his last months in office. The $36.5 billion budget for the fiscal year that began July 1 is a...

  • VIDEO: Pennsylvania Gov. Tom Corbett's pension problem

    Pennsylvania Gov. Tom Corbett released a new campaign ad trying to show Democratic challenger Tom Wolf as uninformed about budget and pension issues.

  • Corbett signs budget, takes on lawmakers, pensions

    HARRISBURG, Pa. (AP) — Gov. Tom Corbett signed the state budget 10 days late on Thursday and used his line-item veto power to spotlight what he called the Legislature's failure to sacrifice with the rest of government or to curb rising public-sector pension costs that are fueling school tax...

  • Illinois AG pledges to defend pension overhaul

    CHICAGO (AP) — Illinois Attorney General Lisa Madigan is drawing a clear line between a state Supreme Court decision on health benefits for state retirees and a legal challenge to a statewide pension overhaul. Madigan spokeswoman Maura Possley said in a statement Thursday the high court's...



From the Weekly Standard