Illinois Gov. Rauner Unveils Pension Overhaul; Proposal Contains Big Changes for Public Workers
Illinois Gov. Bruce Rauner on Wednesday unveiled his own pension reform proposal, which contains significant changes for public workers of all stripes, as well as municipalities.
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Congress Continues Eyeing Pension Changes for Federal Employees
Congress has passed a series of benefit changes for federal workers in recent years, most notably boosting employee contributions for new hires from 0.8 percent to 4.4 percent.
But ...
Judge Strikes Down Montana Pension Cut, Citing Constitutional Violation
A Montana judge has reversed a portion of a 2013 state law that mandated pension changes for all members of the Montana Teachers’ Retirement System.
The part of the law that ...
Changes Could Be Coming for Pennsylvania’s Municipal Pensions As Auditor Turns In Recommendations
Pennsylvania’s Auditor General on Tuesday turned in his recommendations to Gov. Tom Wolf for improving the funding of the state’s municipal pension systems.
Auditor General Eugene ...
Big Changes for University of California Retirement System As New Budget Mandates 401(k) Plan
A new budget deal, recently crafted and passed by California lawmakers, contains an overhaul of the University of California retirement system.
The UC retirement system is shouldering ...
In Pennsylvania, Bill to Shift New Public Safety Hires to 401(k) Gains Momentum
A Pennsylvania Senate panel on Wednesday approved a bill that would allow municipalities to shift new police and firefighter hires into a 401(k) system.
The measure is designed to ...
Video: Is the Retirement Crisis a Women’s Crisis?
In this video, Sallie Krawcheck discusses how the retirement crisis is a women’s crisis — and how closing the gender pay gap could lead to better retirement outcomes for ...
Kenneth Feinberg Appointed to Oversee Benefit Reductions for Multi-Employer Plans
Congress last year passed legislation that allows trustees of some multiemployer pension plans to submit proposals for benefit reductions; the process is designed to give funding relief ...
Military Pension Overhaul Hits Snag As Bill Passed, Then Blocked, By Senate
A proposed overhaul of the U.S. military’s pension system, endorsed by the Pentagon last week, has now hit a roadblock.
The overhaul was one piece of a much larger military bill ...
California Supreme Court Upholds San Francisco Pension Cut Reversal; COLAs Restored for Many
The California Supreme Court denied the state’s appeal Wednesday to a recent lower court decision that reversed a portion of pension cuts passed in 2011.
The court overturned the ...
