One of the nation’s largest union pension funds plans on cutting retirement benefits by 40 percent moving forward despite its overall fiscal health.
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.
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.
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 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.
President Donald Trump reversed another eleventh-hour Obama administration regulation, rolling back Democrats’ effort to push private sector workers into state government retirement plans.
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.
Struggling public pension funds are refusing to take a stand on the outsourcing controversies that have arisen due to America’s corporate tax rates.
Your state may not be as fiscally solvent as politicians have led you to believe, according to a new report.
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.