Category: Retirement Security
Low Savings Mean Retirement Insecurity
Pensions have all but vanished in most workplaces, replaced (if at all) by 401(k)-style savings plans that leave whatever dollars that are put aside for the long haul to the wild gyrations of the stock market.
‘The Truth About John Arnold’ Revealed
Last November, Phoenix voters emphatically rejected a ballot initiative that would have replaced city workers’ pensions with risky 401(k)-style plans.
Retirees Out in Force for Washington State Lobby Day
With several critical issues on the front burner of the Washington state Legislature, a record number of retirees turned out during their annual Lobby Day last month.
AFSCME Council 8 Finds Fix for Cincy Pensions
The Cincinnati Retirement System’s seven-year financial roller-coaster ride finally came to an end. Thanks to proposals by AFSCME Council 8, an agreement was reached that protects current and future retirees.
Ohio Members Win $150,000 in Pension Pay Dispute
After years of delays, a Lucas County (Ohio) judge set aside an arbitration decision and ordered the City of Toledo to write a check to approximately 100 AFSCME members who were wrongly denied the pay they were owed.
Texas Corrections Members Fight for Pension, Pay Issues
AFSCME Texas Corrections members showed up in full force Feb. 23 to testify before the Senate Finance Committee about the importance of addressing pension and pay raise issues during this legislative session.
Judge Says Christie Broke Law on Pensions
Gov. Chris Christie’s attempt to shortchange the state’s pension fund by cutting the state’s payment by $1.6 billion was illegal, Superior Court Judge Mary Jacobson ruled Feb. 23.
White House Conference on Aging Event Shines Spotlight on Challenges Faced by Seniors
The White House Conference on Aging event in Tampa, on Feb. 19, was the first in a series of regional meetings designed to put a spotlight on the challenges retirees face today.
Fighting to Protect Pensions in Indiana
231 public service workers – bus drivers, library workers, health care workers and others — attended a Lobby Day at the Indiana Statehouse to talk to their legislators about the bills affecting their retirements.
New Jersey Pension Boards Join Unions in Fight Over Pension Cuts
New Jersey Gov. Chris Christie’s decision to shortchange the state’s pension plans by $2.4 billion is wrong and should be overturned, trustees of the state’s largest pension funds said in a lawsuit filed last week.
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