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Judge: Illinois Pension Reform Law Is Unconstitutional

A Circuit Court judge ruled Friday afternoon that Illinois’ sweeping pension reform law is unconstitutional. Judge John Belz said in his ruling that the Illinois constitutional makes ...
Group of Retirees To Appeal Detroit’s Pension Cuts

Group of Retirees To Appeal Detroit’s Pension Cuts

The judge overseeing Detroit’s bankruptcy, Judge Steven Rhodes, said this month there was a 25 percent chance his ruling allowing pension cuts could be overturned if appealed. That ...
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New Jersey Lawmaker Wants to Reduce Pension Tax to Keep Retirees From Leaving State

In light of a recent poll that found 25 percent of New Jersey residents are “very likely” to leave the state when they retire, one lawmaker wants to reform the way the state taxes ...
Waiver on Retirement Income Tax Gains Steam in Rhode Island

Waiver on Retirement Income Tax Gains Steam in Rhode Island

Rhode Island is one of a handful of states that tax social security and pension benefits. But the idea of offering a waiver on those taxes is gaining momentum in the state, and the ...
Social Security Recipients To Receive 1.7 Percent Benefit Increase in 2015

Social Security Recipients To Receive 1.7 Percent Benefit Increase in 2015

Important news for social security beneficiaries: the Social Security Administration has announced a 1.7 percent benefit increase in the form of a cost-of-living-adjustment. The increase ...
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Louisiana’s “Highly Risky” Pension Buyout Proposal Shot Down

Louisiana lawmakers were floating a plan to borrow money and buy out the pensions of thousands of “vested” retirees – paying them a lump sum payment up front in order to reduce ...
Raimondo, Other Lawmakers Open To Settlement in Rhode Island Pension Lawsuit

Raimondo, Other Lawmakers Open To Settlement in Rhode Island Pension Lawsuit

It’s been three years since Rhode Island passed into law a sweeping pension reform measure. But the law still sits in legal limbo after being challenged by labor groups. A settlement ...
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Oklahoma Labor Group Calls For COLAs To Be Un-Frozen In Wake of Pension Funding Improvement

Since 2010, the aggregate funding ratio of Oklahoma’s state-level pension systems has risen from 58 percent to 74 percent. Meanwhile, unfunded liabilities have declined by over $6 ...
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Judge Sides With Atlanta In Case Over Employee Pension Contributions

A key portion of Atlanta’s 2011 pension reforms have been upheld in court, the city said Tuesday. In 2011, the city increased employee contributions to the pension system by 5 percent ...
Wisconsin Has Country’s Best Funded Pension System, According to Think Tank Report

Wisconsin Has Country’s Best Funded Pension System, According to Think Tank Report

The think tank State Budget Solutions has released a report which names Wisconsin’s pension system the most well funded in the nation. It’s the second year in a row the think tank ...
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