New Jersey pension funds sue Christie for non-payment

By   /  December 11, 2014  /  New Jersey, Pensions  /  No Comments

Tim Larsen, Governor's Office

 
By Mark Lagerkvist | New Jersey Watchdog
New Jersey’s three largest pension funds are suing Gov. Chris Christie and his administration for failing to make payments to the state retirement system as required by statute.
Filed Wednesday in Mercer County Superior Court, the lawsuit is the latest conflict in the wake of Christie’s decision last June to […]

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Pennsylvania pension costs to climb by $466 million next year

By   /  December 5, 2014  /  Budget and Spending, Finances, News, Pennsylvania, Pensions, State Budgets, State Government  /  No Comments

GETTING WORSE: The state budget will continue to be squeezed by increasing pension costs. (Source: Governor's Budget Office)

Lawmakers and governor-elect Tom Wolf will head into next year’s budget process with lots of new obligations to fulfill and little excess revenue with which to do it.

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New Jersey’s pension system debt hits $170 billion

By   /  December 5, 2014  /  New Jersey, Pensions  /  No Comments

Governor's Office/Tim Larsen

The bad news keeps getting worse: New Jersey’s public retirement system faces a $170 billion deficit for pensions and health benefits for government retirees, according to the latest official figures from the state Treasury.

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Report: Colorado schools, cities have $10 billion in hidden pension liability

By   /  December 3, 2014  /  Colorado, Finances, Local Government, Pensions  /  No Comments

Photo by Arthur Kane

Colorado’s schools and governments have about $10 billion in hidden pension and health-care benefit liability, a “sinkhole” that could cost many individual taxpayers $10,000 or more to fill, a report from the Chicago-based nonprofit Truth in Accounting found.

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Mississippi Republicans face key issues in 2015 statewide elections

By   /  November 28, 2014  /  Budget and Spending, Economy, Legislature, Mississippi, News, Pensions  /  No Comments

Photo illustration by Steve Wilson

Since 2012, Mississippi Republicans have been in charge of both houses of the Legislature and the governor’s seat.

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How unions and council members derailed Phoenix’s efforts to stop pension abuse

By   /  November 28, 2014  /  Arizona, Budget and Spending, Finances, National, News, Pensions, Politics & Elections  /  No Comments

Source: Wiki Commons

Cities and states across the country are facing a difficult financial future because of growing pension obligations.

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