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Texas Bill Seeks to Boost Employee, Employer Pension Contributions

The Texas House of Representatives unveiled a bill on Tuesday aimed at shoring up the funding status of its pension system. The reforms specifically target members of the Employees Retirement System (ERS), which is 76 percent funded. The bill would boost contributions to the System for both employees and employers. More details from the Texas Tribune: The ...
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Chicago Pension Lawsuits Put on Hold Pending Supreme Court Ruling

Two lawsuits, both challenging the legality of recent pension reforms enacted by Chicago, have been put on hold until the Illinois Supreme Court rules on the state’s pension overhaul. The plaintiffs filed the motion to put the lawsuit on pause, and it was approved on Thursday. More from Reuters: Lawsuits seeking to void a law aimed at shoring up ...
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Chicago Lawyers Predict “Catastrophic Outcome” If City’s Own Pension Reforms Are Eventually Overturned

The City of Chicago submitted a brief to the Supreme Court this month supporting the legality of the state’s pension reform law. That’s because a court decision against the pension law wouldn’t bode well for the legal standing of the city’s own set of pension reforms. Chicago’s lawyers said in the brief that a “catastrophic outcome” should ...
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Philadelphia Pension Debt “An Obstacle” to Long-Term Growth, Says City Oversight Board

The Pennsylvania Intergovernmental Cooperation Authority (PICA) has released a report stating that Philadelphia’s pension system will be “an obstacle” to the growth and prosperity of the city. The report says that pension costs need to be lower and more predictable for the city to grow. The recommendations provided in the report, as reported ...
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Union Leader: Solutions to New Jersey Pension Woes Are in Christie’s Hands

Dominick Marino, the president of the Professional Firefighters Association of New Jersey, penned an op-ed in Wednesday’s Times of Trenton calling on New Jersey Gov. Chris Christie to take responsibility for the state’s pension problems – and to fix them. Marino writes: Gov. Chris Christie continues to blame everyone for the state’s pension ...
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Jacksonville Pension Reform Bill, Approved by Council, Could Still Stall

The Jacksonville City Council approved the city’s long-debated reform plan last month, which increase future employees contributions to the city’s Police and Fire Pension Fund, as well as boost the city’s payments by $40 million annually. But now the proposal is awaiting approval from the Police and Fire Pension Fund, and one big question remains: ...
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Emanuel Confident Pension Plan Will Survive Lawsuit

Four unions on Tuesday filed a lawsuit challenging Chicago Mayor Rahm Emanuel’s plan to increase pension contributions for city employees and reduce COLAs. But Emanuel said Thursday he thinks the plan will pass legal muster, in part because he worked with dozens of unions to formulate it. From the Chicago Sun-Times: Two days after four unions followed ...
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New Hampshire Supreme Court Rules State Can Increase Employee Pension Contributions

The New Hampshire Supreme Court ruled this week that the state can increase public employees’ pension contributions – even for vested workers. Since the increased contribution rate wouldn’t lead to higher benefits for employees, unions had argued the state had violated its contract with workers. A lower court agreed with the labor groups last ...
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