More Pensions Articles

  • 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.

  • Examiner Editorial: Teachers union strong-arms the financial community

    Randi Weingarten says she just wants to help the financial community. To that end, the president of the American Federation of Teachers has compiled a document called “Ranking Asset Managers.” The purpose of the pamphlet, released last month, is to promote “transparency and disclosure”...

  • Lawmakers fear blame for Chicago pension tax hike

    SPRINGFIELD, Ill. (AP) — A fast-tracked plan to overhaul two Chicago city-pension programs slowed in the Illinois House Thursday, as nervous lawmakers said they fear backlash for a massive property-tax increase even if they don't directly approve it. House Speaker Michael Madigan wanted quick...

  • Chicago mayor reaches tentative pension deal

    Chicago Mayor Rahm Emanuel's plan to cut about half of the city's pension debt would raise property taxes while increasing the amount of money city workers contribute to their retirement.

  • Rhode Island workers, retirees mull pension deal

    The fate of Rhode Island's landmark pension overhaul — a model cited in other states wrestling with escalating retirements — now hinges on the votes of the same government workers and retirees who sued to block the law.

  • Rhode Island workers, retirees mull pension deal

    PROVIDENCE, R.I. (AP) — The fate of Rhode Island's landmark pension overhaul — a model cited in other states wrestling with escalating retirements — now hinges on the votes of the same government workers and retirees who sued to block the law. Thousands of teachers, firefighters, police...

  • Illinois Gov. Pat Quinn: Extending income tax hike is 'tough choice'

    Gov. Pat Quinn knows trying to make the state's temporary income tax increase permanent will be a "tough choice" for Illinois lawmakers, but that the issue could be even tougher for voters who'll decide if the Chicago Democrat gets another term.

  • Illinois Gov. Pat Quinn ready to present state budget proposal

    Quinn is expected to stress his election-year theme of protecting the middle class as he presents a budget address Wednesday that political experts and lawmakers say could be his toughest yet.

  • Arizona House delays vote on $9.2 billion budget

    The Arizona House of Representatives on Monday failed to reach a budget deal after hours of tenuous discussions and a called off vote that left a frustrated Speaker Andy Tobin huddled with members of his own party who refused to back a plan he endorsed.

  • High court to New Orleans: pay $17M for NOFD pensions

    The city of New Orleans must pay $17.5 million for its share of the fire department's retirement fund for 2010 through 2012, The Louisiana Supreme Court has ruled.

  • Oklahoma House OKs defined contribution pension bill

    Many new state workers would have 401(k)-style retirement plans rather than traditional public employee pension plans under a measure the Oklahoma House passed on Tuesday.

  • Labor Dept. wants more 401(k) plan fee disclosures

    The Labor Department on Tuesday proposed a new rule that would make it easier for those with 401(k) retirement plans and their employers to locate just what fees and expenses are attached.

  • VIDEO: Despite proposed pension cuts, labor unions forced to back Illinois Gov. Pat Quinn

    Illinois is facing a $100 billion pension shortfall, and in 2013, the state passed pension reform that was largely backed by Gov. Pat Quinn. The reform has angered labor unions across the state, but Quinn will get their support in 2014.



From the Weekly Standard

  • Through a Google Glass, Darkly

    “Just because something bears the aspect of the inevitable one should not, therefore, go along willingly with it.” ​—​Philip K. Dick

    Read More...
  • 2014 ≠ 2016

    Polls are overrated, but they can be still instructive. So what’s to be learned from a Fox News survey of 1,012 registered voters conducted April 13-15? 

    Read More...
  • As Goes North Carolina

    Raleigh, N.C.  To win the Senate, Republicans must win North Carolina. While it’s mathematically possible to take the Senate without ousting Democratic senator Kay Hagan, the chances of that...

    Read More...