In Pennsylvania Municipality, Pension Boards Sue City Over COLA Cuts
In the city of Scranton, Pennsylvania, the pension boards representing the city’s police and firefighters this weekend sued the city to unfreeze retiree cost-of-living adjustments, ...
N.J. Unions Petition U.S. Supreme Court to Hear Pension Funding Case
Early this summer, the New Jersey Supreme Court ruled that Chris Christie didn’t act illegally when he slashed state pension contributions by over $3 billion between 2013 and 2015, ...
CalPERS Plan Would Require Higher Contributions From Workers Hired After 2013
CalPERS, the largest public pension fund in the U.S., has reportedly spent the past few months working on a plan to invest a higher percentage of its assets into conservative investments ...
CalPERS Endorses Proposal to Extend Fiduciary Standard to Retirement Advisors
CalPERS this week weighed in on a proposal that would increase the transparency and accountability of individual retirement advisors.
The pension fund roundly endorsed the proposal ...
Another Chicago Pension Law Could Soon Face Legal Challenge
Chicago’s 2014 pension reform law will soon be heard by the state Supreme Court.
But there’s another, lower-profile law – one that eliminated COLAs for retirees in the Chicago ...
Pennsylvania Gov. Wolf Softens Stance on Pension Overhaul As Budget Stalemate Drags On
Under pressure to resolve a budget stalemate that has gone on for over a month, Pennsylvania Gov. Tom Wolf – previously staunchly opposed to any pension reforms that cut benefits ...
New Regulations Would Require Modernizing Nursing Home Care
After nearly 30 years, the Obama administration wants to modernize the rules nursing homes must follow to qualify for Medicare and Medicaid payments.
The hundreds of pages of proposed ...
Survey: When It Comes to Retirement Finances, Retirees More Confident Than Workers
The Employee Benefit Research Institute (EBRI) released its annual Retirement Confidence survey recently, and — as usual — the report contained loads of interesting insights.
One ...
New Jersey Supreme Court Will Hear Lawsuit Over Frozen COLAs
Did New Jersey act illegally when it froze cost-of-living adjustments as part of a 2011 pension overhaul?
The state’s high court will soon decide — it was announced on Thursday ...
Pension Overhaul Gets On Phoenix Ballot (Again)
On August 22-25, Phoenix voters will get a chance to approve or throw out a ballot measure that would overhaul the city’s pension system.
Residents are getting used to this routine: ...
