Montana, Retirees Agree to Settlement Over COLA Cut
The state of Montana and its public retirees agreed to a settlement last week over a cost-of-living adjustment cut originally enacted in 2013.
In 2013, lawmakers passed a law to reduce ...
Judge Finds Chicago Pension Reforms Unconstitutional
A judge on Friday overturned a series of pension reforms aimed at two Chicago pension funds, declaring the changes unconstitutional.
The city had argued the reforms amounted to a “net ...
Judge Sides With Retirees on Phoenix Pension Formula Tweak
In 2012, Phoenix tweaked its pension benefit formula to reduce the amount of accrued sick leave workers could “cash in” before retirement.
The measure, in effect, reduced benefits ...
What Rauner’s Pension Proposal Would Mean For State Workers
Support for Illinois Gov. Rauner’s pension overhaul proposal, unveiled last week, is split down party lines, and the divide only deepened as the plan’s full details were released.
The ...
Illinois House Lawmakers Question Constitutionality of Rauner Reform Measure
Lawmakers on the Illinois House Personnel and Pensions Committee are examining and scrutinizing Gov. Bruce Rauner’s pension proposal this week, and some committee members are raising ...
Settlement Between San Jose, Unions Will Reverse Some 2012 Pension Cuts
San Jose and the city’s public safety unions reached a settlement Wednesday, ending 3 years of litigation surrounding Measure B, a voter-approved package of pension cuts that was ...
More Details on Rauner Pension Proposal: Plan Would Limit Collective Bargaining, Incentivize Less Generous Pensions
Support for Illinois Gov. Rauner’s pension overhaul proposal, unveiled last week, is split down party lines, and the divide only deepened as the plan’s full details were released.
The ...
Pennsylvania Gov. Wolf Will Veto State Pension Overhaul, Including Shift to Hybrid Plan
Pennsylvania Gov. Tom Wolf indicated on Thursday morning that he will veto a measure, recently passed by GOP lawmakers, that would overhaul the state’s pension system and shift new ...
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.
[Read ...
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 ...