Machinists Cut Out
One of the nation’s largest union pension funds plans on cutting retirement benefits by 40 percent moving forward despite its overall fiscal health.
Pension
Audit Finds Gaps in Checks on Underfunded Police, Fire Pensions
An audit shows that more than half of Illinois’ 656 local pension funds for police and firefighters haven’t been examined as frequently as state law requires even as some lawmakers want to allow for less frequent pension audits.
NYC to Pony Up $20.8 Million for Discriminating Against Women Nurses
The city of New York has agreed to pay $20.8 million to settle federal charges for discriminating against registered nurses and midwives because they are women.
Teamsters Launch Effort to Push Pension Reform
The International Brotherhood of Teamsters is pushing lawmakers to preserve retirement security as the nation’s pension system continues to teeter toward crisis.
Unfunded Liabilities of State Public Pensions Top $6 Trillion in 2017
Unfunded liabilities of state public pension plans now tops $6 trillion, an increase of $433 billion from the previous year, according to a report from the American Legislative Exchange Council.
Trump KOs State-Run Retirement Accounts for Private Sector Workers
President Donald Trump reversed another eleventh-hour Obama administration regulation, rolling back Democrats’ effort to push private sector workers into state government retirement plans.
Chaffetz, Ernst to Propose Legislation That Could Affect Obama’s Pension After Revelation of His $400,000 Speech
Rep. Jason Chaffetz (R., Utah) and Sen. Joni Ernst (R., Iowa) on Wednesday said they will re-introduce the Presidential Allowance Modernization Act later this month to curb the pensions of former presidents if they take outside income that exceeds $400,000.
Public Pension Funds Will Not Take Stand on Burger King Controversy
Struggling public pension funds are refusing to take a stand on the outsourcing controversies that have arisen due to America’s corporate tax rates.
Report: Government Accounting Hides Debt
Your state may not be as fiscally solvent as politicians have led you to believe, according to a new report.
Gutting Pensions to Spite Guns
Several of the nation’s most imperiled pension funds have cut off investments to profitable weapons manufacturers in the midst of the controversial gun control debate.
