Kentucky Calls for Redo of TRS Pension Bill Analysis
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
Regulation
Kentucky Education Groups Offer Alternative Pension Reform Plan
Coalition calls for less generous plans, but nixes switch to DC.
Houston Voters Approve $1 Billion in Pension Bonds
$750 million will go to the city’s police pension, and $250 million to the municipal workers' pension.
Unite to Vote on Royal Mail Pension Proposals
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Moody’s May Cut State of Illinois, Chicago Board of Ed Credit
Downgrade would place the state’s credit rating below investment grade.
Scranton Pension Board Sued for Double Payments
Lawsuit cites 2015 Audit Report that said the payments disregarded the laws governing pension plans.
Trump Seeks to Fill National Labor Relations Board Vacancies
If the two rumored candidates are confirmed, the board will see its first Republican majority since the Bush administration.
High Court Ruling May Not Settle Church Plan Issue
Sotomayor comments suggest decision goes against spirit of ERISA exemption.
Houston Firefighters File Lawsuit to Block Pension Reform
Pension fund claims bill violates the Texas state constitution.
Ex-Sterne Agee Executive Pleads Guilty to Pension Fund Bribes
“Pay-to-play” scheme lavished NYSCRF pension fund director with entertainment, travel, and meals.
Treasury Rejects Benefits Cuts for Automotive Industries Pension Plan
Fund faulted for using assumptions that contradicted its own information.
UK Seeks to Remove Triple Lock, Create Sovereign Wealth Funds
Conservative Party manifesto calls for changing the triple lock to a double lock.
Legislators Introduce Bill to Block Pension Benefits Cuts
Bill would repeal benefits reduction option provided by Multiemployer Pension Reform Act of 2014.
San Diego Union Appeals Ruling Upholding Pension Changes
City would have to fund retroactive pensions for more than 3,000 workers if overturned.