News Clips for April 3, 2018
Wave of Red State Protests Against Low Salaries and School Funding Comes to Kentucky
Teachers, school service workers and their supporters -- including all the labor unions in West Virginia -- rally at the capital on behalf of better wages for state workers, and demanding a fix for the states underfunded and broken PEIA health insurance programs. Teachers across Kentucky on March 30 became the latest educators to walk out of their classrooms, denouncing a bill that passed in the state Senate which proposes reduced pension benefits for state employees.
Teachers are striking all over. What is going on?
Teachers across the country are striking and protesting en masse, shutting down school systems and putting the pressure on state lawmakers to meet their demands.
Why Are States So Strapped for Cash? There Are Two Big Reasons
The proportion of state and local tax revenues dedicated to Medicaid and public pensions is the highest since the 1960s
Colorado Senate passes pension reform bill
The Colorado Senate on Tuesday passed a bill designed to improve the funded status of the $49 billion Colorado Public Employees' Retirement Association, Denver, and lower its overall risk, confirmed Kira Mazzola, a spokeswoman for House Majority Leader KC Becker who is co-sponsor of the bill, in an email. (subscription required)
Police union votes down contract, pension plan
(Connecticut) The Westport police union has voted down a pension plan and new contract with the town, the similar set of agreements the firefighters union and Representative Town Meeting approved a month ago.
Kentucky Teachers Walk Out
They become the latest educators to stage a statewide protest, in response to an attack on public education from Republican Governor Matt Bevin.
Reworked pension plan for future state workers advances in Senate
A proposal to revamp the pension system for future rank-and-file state workers into a hybrid plan with a 401(k)-style investment account feature started advancing Monday in the Louisiana Senate.
PEW Report: The Challenge of Meeting Detroit's Pension Promises
Analysis of progress to date, the path forward, and lessons for other public sector retirement plans.
New York Tees Up a State-Sponsored Retirement-Savings Plan
Gov. Andrew Cuomo supports the measure, calling it a 'reform that will strengthen our workforce'
Will Phil Murphy veto giving police and fire unions control of their pensions?
The state Legislature passed legislation Monday handing control of the pension fund for New Jersey's police and firefighters over to its members.
Puerto Rico rejects pension cuts sought by federal board
Puerto Rico government officials said Friday they will not bow to demands from a federal control board overseeing the island's finances that they implement cuts to a struggling public pension system as part of an upcoming fiscal plan to help pull the U.S. territory out of an economic crisis.
In Oklahoma, struggling teachers revolt, plan to strike
Inspired by the success of a West Virginia strike, they could walk out Monday if demands aren't met.
The Finance Industry Has Quietly Launched an Assault on State-Sponsored Retirement Plans
(Oregon) "There are so many people out there relying on nothing."
Union Says University Pension Cut Violates Pension Benefits Act
Lawyers for striking Carleton University workers say 2003 amendment broke a provincial pension law.
Keeping PERA solvent for our public servants
Let's be clear: the 36,000 members of the Colorado Education Association want to see the Colorado Public Employees' Retirement Association fixed and poised for a solid future. Indeed, not just teachers, but more than 560,000 public servants, like snowplow drivers, depend upon a strong PERA for their retirement. However, the current bill (SB-200) that just passed the Senate is not the answer. Here is why: