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News tagged with “pensions costs”. Found: 48 tagged news reports.
 

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New York City :: NY :: USA | 1 month ago

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The California city of Vallejo emerged from bankruptcy just over two years ago, but it is still struggling to pay its bills. The main culprit: Ballooning pension costs, which will hit more than $14 million this year, a nearly 40% increase from two

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San Jose :: CA :: USA | 1 month ago

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The city would cut pensions 10 percent for retired police officers and firefighters, and 34 percent for other municipal retirees as it tries to resolve the largest municipal bankruptcy in American history. Detroit's plan is being closely watched in

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Desert Hot Springs :: CA :: USA | 5 months ago

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A resort town in California warned on Tuesday that it will run out of money by March due to burdensome salary and pension costs and could join other US cities that have recently filed for bankruptcy protection. A bankruptcy filing by Desert Hot

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Sydney :: Australia | 7 months ago

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Business News Moody's Investors Service says the underfunding of defined benefit pension plans for public-sector workers is a credit problem shared by sub-sovereign governments across developed countries, which includes US and Australian states,

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Sacramento :: KY :: USA | 10 months ago

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California state government and school district employees will fall by a combined $102.8 million for the coming fiscal year...School districts will pay $4.98 billion for pensions, down $31.5 million from this year. Actuaries anticipate pension costs

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Springfield :: MO :: USA | 1 year ago

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Ill. (AP) Gov. Pat Quinn is preparing to deliver a proposed state budget that calls for deep spending cuts, including slashing $400 million in education, with the undertone of his planned speech to lawmakers Wednesday being how their inaction in

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New York City :: NY :: USA | 1 year ago

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Updated: Monday, January 28, 2013, 3:50 AM Andrew Savulich/New York Daily News Gov. Cuomo is shown delivering a speech on his 2013-14 budget plan last week. It includes a new Sept. 1 deadline for the city and the city teachers union to agree on a

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Frankfort :: KY :: USA | over 1 year ago

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The mayors of Kentucky's two largest cities and other community leaders will call for legislative action to address rising pension costs and how they are impacting communities. Louisville Mayor Greg Fischer and Lexington Mayor Jim Gray are planning

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Orange :: CA :: USA | over 1 year ago

Credibility Credibility of 5

ANA After two years of wrangling, managers with the County of Orange have agreed to begin paying between 3.6 percent and 10.5 percent more of their salaries toward their pensions, on top of the almost 10 percent they pay now. The new deal with about

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Los Angeles :: CA :: USA | over 1 year ago

Credibility Credibility of 5

They did just enough to say that they did something, believing that failure to do something about soaring pension costs would adversely affect Proposition 30, the tax increase measure that they wanted voters to enact. Brown, et al., promised that it

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