The Congressional Budget Office (CBO) is looking at a number of different options for the federal retirement system, changes that could have serious implications for federal retirees in the 2018 budget and going forward.
Minnesota Is Among the States with the Highest Pension Deficit Minnesota now owes its workers’ retirement plans a debt of $33.4 billion, or about $6,000 for every resident, as new methods for measuring pension solvency are introduced.
The Spectrum strike by Local Union #3, which represents approximately 1,800 Charter Communications Inc and Spectrum employees in New York and New Jersey is nearing the half-year mark. The union has been on strike since March 28 on the grounds that Spectrum workers have not had a contract since the previous one under Time Warner (more…)
The Green Bay Area Teamsters held their annual meeting on Sunday, August 6, 2017, attended by Mike Mullane, the director of the Central States Pension Fund.
Thousands of Americans lost their jobs in Pennsylvania in just the first half of 2017, partly because of numerous factory and store closures within the state.
Oregon Faces Down $22 Billion Deficit in Pension Plan Oregon is creating a special task force in order to tackle the massive $22.0-billion pension deficit that could financially cripple the state and many of its services.
Rising Costs and Lack of Opportunity Take Their Toll on the University and State The Federal government isn’t the only one releasing budgets that will apparently harm the American worker, as the University of Nebraska is proposing cuts and a tuition hike in its latest proposal.
Federal Workers to See Their Pensions Cut While some federal workers will benefit from the proposed budget plan, many stand to see cuts in their pensions and other services.