UK University Employees to Vote on Strike over Pension Changes
Union calls for strike over proposal to move participants into defined contribution plans.
Union calls for strike over proposal to move participants into defined contribution plans.
Despite fee slashes, fund is not yet out of the water.
Reductions to plan made to ensure December Congressional vote.
The forced ‘Rothification’ of defined contribution plans would be a disaster, say industry experts.
Plan is part of government effort to compensate for aging population.
Treasury unit would allow pension plans to borrow money to remain solvent.
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Communication Workers Union says a major industrial relations showdown looks inevitable.
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
Coalition calls for less generous plans, but nixes switch to DC.
$750 million will go to the city’s police pension, and $250 million to the municipal workers' pension.
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Downgrade would place the state’s credit rating below investment grade.
Lawsuit cites 2015 Audit Report that said the payments disregarded the laws governing pension plans.