Nine of Pennsylvania’s 10 largest cities have more pensioners than workers

By   /  March 24, 2015  /  Budget and Spending, Finances, Issues, Local Government, News, Pennsylvania, Pensions, State Government  /  No Comments

retirementpensions

By Eric Boehm | Watchdog.org
Meet the new poster child for Pennsylvania’s municipal pension problems.
York is a mid-sized city of 43,000 residents in central Pennsylvania near the state’s southern border that’s facing more than $64 million in pension-related debt.
In next year’s budget, York will be expected to pay more than $10 million toward the retirement fund […]

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After 16 years as double-dipper, New Jersey cop retires for second pension

By   /  March 23, 2015  /  New Jersey, News, Pensions  /  No Comments

iStock

As New Jersey looks to fix a state pension system that’s billions in debt, Patrick J. Higgins and other double-dippers find new ways to squeeze it for every dollar they can. Higgins found a way to retire twice, so he’ll start collecting two state pensions, totaling nearly $100,000 a year, instead of one. New Jersey Watchdog investigates loopholes in the state’s troubled retirement system, underfunded by $170 billion.

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Union lobbyist who worked one day as a teacher suing Illinois over $30,000 pension

By   /  March 19, 2015  /  Education, Finances, Illinois, Lobbying, News, Pensions, State Budgets, State Government  /  No Comments

Shutterstock image

After working one day as a substitute teacher in Illinois, David Piccioli could be entitled to an annual pension of more than $30,000.

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Watchdog podcast: Breaking The Bank — Public support for pension reform is growing stronger

By   /  March 17, 2015  /  News, Pensions, Podcast  /  No Comments

BreakingTheBank20

Breaking The Piggy Bank is Watchdog.org’s weekly look at the national public pension crisis, how it’s affecting state and city budgets and what can be done — if anything — to fix it.

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Watchdog Podcast: Illinois pension reform goes to court

By   /  March 13, 2015  /  Illinois, Issues, Pensions, Podcast, State Budgets, State Government, Watchdog Radio  /  No Comments

BreakingTheBank18

By Eric Boehm, Ben Yount | Watchdog Radio
Breaking the Bank is Watchdog.org’s weekly look at the national public pension crisis, how it is affecting state and city budgets and what can be done — if anything — to fix it.
In this week’s episode, host Eric Boehm sits down with Ben Yount of Illinois Watchdog Radio to discuss […]

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Report: New Jersey ranks worst in funding state pensions

By   /  March 12, 2015  /  New Jersey, News, Pensions, Politics & Elections  /  No Comments

Governor's office/Tim Larsen

New Jersey is the nation’s biggest pension deadbeat, ranking last among states in funding public retirement plans, according to a study released Thursday. From fiscal years 2001 to 2013, New Jersey paid only 38 percent of its annual required contributions

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