Articles from newspapers and websites around the nation

  • Headlines: Florida

    Scaled-back pension bill gets approval from House panel | by Brandon Larrabee | April 7, 2014

    Reviving hopes for one of House Speaker Will Weatherford's key priorities, a divided House State Affairs Committee on Friday signed off on a scaled-back set of changes to the pension system for public employees.

  • Headlines: Rhode Island

    Group of R.I. retirees file lawsuit challenging class-action pension settlement

    The Providence Journal | by Katherine Gregg | April 7, 2014

    Their fight centers on the General Assembly's cost-cutting overhaul of Rhode Island's public employee pension system in 2011: specifically, the suspension of annual cost-of-living adjustments until the retirement system is 80 percent funded.

  • Headlines

    Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

    by Cory Eucalitto | April 4, 2014

    While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.

  • Headlines

    U.S. public pension gap widened to nearly $1 trillion in fiscal year 2012

    Reuters | by Robin Respaut | April 2, 2014

    The unfunded liabilities of public-employee pension plans rose by 10 percent in fiscal 2012 to a record $914 billion, hit by low investment returns, missed contributions and unfunded benefits, underscoring the pension funding crisis in U.S. states and cities, a report by the Pew Charitable Trusts said.

  • Headlines: Illinois

    Emanuel pension fix: Shrink benefits, raise taxes

    Chicago Tribune | by Hal Dardick and Bill Ruthhart | April 1, 2014

    Mayor Rahm Emanuel is proposing to raise property taxes and cut retirement benefits for some city workers to start digging out of a massive pension debt he inherited.

  • Headlines: Kentucky

    Kentucky Budget bill goes to governor's desk

    Associated Press | April 1, 2014

    The Kentucky General Assembly approved a $20.3 billion biennial spending plan Monday that authorizes $20.3 billion in spending for education, Medicaid, pensions, and other state government services while cutting spending in many state agencies by 5 percent through fiscal 2016.

  • Headlines: New York

    NY Legislature passes $140B state budget just minutes before deadline

    The Associated Press | April 1, 2014

    The New York Legislature on Monday passed a $140 billion election-year budget that will expand pre-kindergarten statewide and provide tax relief to homeowners and corporations.

  • Headlines: Rhode Island

    Rhode Island's public workers and retirees cast ballots to decide fate of pension settlement

    Associated Press | by David Klepper | March 31, 2014

    The fate of Rhode Island's landmark pension overhaul — a model cited in other states wrestling with escalating retirements — now hinges on the votes of the same government workers and retirees who sued to block the law.

  • Headlines: New York

    State budget deal includes bailout package for Yonkers

    The Journal News | by Jon Campbell | March 31, 2014

    The city of Yonkers' school system would be in line for a significant state bailout under a budget deal reached early Saturday by Gov. Andrew Cuomo and legislative leaders. 

  • Headlines: Kentucky

    NKY priorities funded in state budget compromise | by Amanda Van Benschoten | March 31, 2014

    Legislative leaders spent 18 hours at the negotiating table overnight, but they emerged early Sunday morning with a $20 billion two-year state budget that includes three of Northern Kentucky's top priorities. 

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