By Erika Niedowski | 04/07/14 11:29 AM
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...
By Associated Press | 04/07/14 08:34 AM
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.
By Washington Examiner | 04/04/14 06:41 PM
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”...
04/03/14 06:30 PM
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...
By Associated Press | 04/01/14 08:53 AM
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.
By David Klepper | 03/31/14 08:15 AM
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.
03/30/14 12:00 PM
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...
By Sophia Tareen | 03/27/14 08:37 AM
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.
By Sophia Tareen | 03/26/14 08:32 AM
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.
By Bob Christie | 03/25/14 08:45 AM
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.
By Associated Press | 03/24/14 08:50 AM
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.
By Tim Talley | 03/12/14 09:08 AM
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.
By Tom Raum | 03/12/14 09:06 AM
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.
By Steve Doty | 03/11/14 08:18 AM
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.
By Joel Gehrke | 04/18/14
By Mark Tapscott | 04/18/14
By Byron York | 04/17/14
By Sean Higgins | 04/18/14
By Sean Higgins | 04/17/14