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Money trumps morals when Pa. invests your tax dollars
Pennsylvania's giant state pension fund is resisting calls to divest in a controversial pipeline project, even after guards sicced attack dogs on Native American protesters. Does money always have to trump morals when it comes to investing taxpayer dollars?
217 points by The Philadelphia Inquirer | Investment Pension Pension fund Divestment Pennsylvania Morality Retirement Tax
Emanuel’s utility tax survives test vote, but it got a bumpy ride
Mayor Rahm Emanuel's proposed 29.5 percent tax on water and sewer bills to save the largest city employee pension funds has cleared its first hurdle.
116 points by Chicago Sun-Times | Pension Chicago Pension fund City council Richard M. Daley Rahm Emanuel Tax Municipality
Finance Committee OKs Emanuel’s utility tax but it wasn’t pretty
Mayor Rahm Emanuel's proposed 29.5 percent tax on water and sewer bills to save the largest city employee pension funds has cleared its first hurdle.
73 points by Chicago Sun-Times | Pension fund Pension Chicago City council Municipality Funding Tax Rahm Emanuel
Finance Committee approves Emanuel’s utility tax
Mayor Rahm Emanuel's proposed 29.5 percent tax on water and sewer bills to save the largest city employee pension funds has cleared its first hurdle.
73 points by Chicago Sun-Times | Pension fund Pension Chicago City council Municipality Funding Tax Rahm Emanuel
Emanuel's new water tax easily passes key test vote
Mayor Rahm Emanuel's latest tax hike gained momentum Thursday as the City Council Finance Committee easily advanced a plan that would cost Chicagoans $226 a year by 2020 on their water and sewer bills. The 26-6 vote to send the new tax to the council next week came despite several aldermen saying...
-1 points by Chicago Tribune | Pension Pension fund Tax Property tax Money Rahm Emanuel Million Buffalo Bills
Civic Federation questions Emanuel’s utility tax plan
The Civic Federation wants proof that the mayor's tax on water and sewer bills will be enough to save the largest of Chicago’s employee pension funds.
42 points by Chicago Sun-Times | Pension Pension fund Finance Actuary Tax Insurance Actuarial science Municipality
JBS bonds, stock tumble amid concern over Brazil fraud probe
JBS SA bonds and shares tumbled amid concern that the chief executive officer of the world’s largest meat producer may have to step aside as part of a Brazilian police probe into pension funds.
1 points by The Denver Post | Chief executive officer Pension fund Finance São Paulo Brazil Executive officer Federal Bureau of Investigation Management
Emanuel tries to prove tax plan sufficient to save pension fund
It didn’t work with the anti-Emanuel Progressive Caucus that demanded the study of the plan for the Municipal Employees Pension Fund weeks ago.
111 points by Chicago Sun-Times | Pension fund Pension Investment Finance Tax Actuary Funding Rate of return
Rauner vetoes bill to shore up Chicago municipal workers pensions
'The legislation will create another pension funding cliff that the city does not have the ability to pay,' the governor said Friday.
28 points by Chicago Sun-Times | Pension Chicago Retirement Tax Pension fund United States Congress Democratic Party Veto
Police, firefighters would control own pension plan under N.J. bill
TRENTON — Police and firefighters would manage their own pension plan, taking control from the state, under a bill that passed the Legislature Thursday. It now heads to Gov. Christie’s desk.
-1 points by The Philadelphia Inquirer | Pension Legislature New Jersey Trenton New Jersey Pension fund Tax Pensioner Philadelphia
State controller stands in the rain with striking plant workers
Icy rain didn’t keep State Controller Thomas DiNapoli from joining striking union workers outside an upstate chemical plant Tuesday.
42 points by Daily News | Trade union Strike action Pension Investment Pension fund Private equity fund Kohlberg Kravis Roberts Private equity
Steep public pension costs push California cities toward the brink
When the state auditor gauged the fiscal health of California cities in 2015, this port community on the eastern shore of San Francisco Bay made a short list of six distressed municipalities at risk of bankruptcy. Richmond has cut about 200 jobs — roughly 20% of its workforce —  since 2008. Its...
1958 points by Los Angeles Times | Pension Pension fund Police Retirement Local government in the United States Municipality Tax Investment
Despite L.A.'s boasts of pension reform, the cost to taxpayers has never been higher
Los Angeles officials often boast about how they stemmed the rising cost of employee pensions, an expense that has hobbled cash-strapped cities throughout California. Former Mayor Antonio Villaraigosa said changes he oversaw in 2011 and 2012, which included lower pensions for new employees and...
1484 points by Los Angeles Times | Pension Pension fund Retirement Pension Benefit Guaranty Corporation Pensioner Tax Life annuity Pension system
DuPont to end pension contribution for employees
DuPont pension decision will affect the retirement of 13,000 workers.         
10722 points by Arizona Republic | Pension Pension Benefit Guaranty Corporation Retirement Life annuity Cash balance plan 401(k) Pension fund Employee benefit
DuPont to end contributions to workers' pensions
DuPont pension decision will affect the retirement of 13,000 workers.         
10722 points by Arizona Republic | Pension Pension Benefit Guaranty Corporation Retirement Life annuity Cash balance plan 401(k) Pension fund Employee benefit
DuPont ending pension contributions
DuPont pension decision will affect the retirement of 13,000 workers.         
10722 points by Arizona Republic | Pension Pension Benefit Guaranty Corporation Retirement Life annuity Cash balance plan 401(k) Pension fund Employee benefit
City pensions will cost taxpayers $722M over next 3 years
Taxpayers must pick up a $722 million tab over the next three years to replenish the city’s cash-strapped municipal employee pension system. The additional costs are documented in an updated city financial plan released last night by Mayor de Blasio and calls for taxpayer contributions to the system increasing by $120 million next fiscal year,...
1710 points by New York Post | Pension Finance Tax Fiscal year Pension fund Investment Federal government of the United States Personal finance
DuPont to end pension contribution for active employees
DuPont pension decision will affect the retirement of 13,000 workers.       
10722 points by USA Today | Pension Pension Benefit Guaranty Corporation Retirement Life annuity Cash balance plan 401(k) Pension fund Employee benefit
The tab on Emanuel's series of tax hikes: $1,700 a year for average family
Aldermen had just gotten done Wednesday voting 48-0 to approve a new budget when Mayor Rahm Emanuel started a round of back-patting from the dais in City Council chambers. "You can say Chicago tomorrow is better because of the work you have done over the last five years," Emanuel told aldermen....
3165 points by Chicago Tribune | Pension Tax Chicago Property tax Pension fund Real estate Million Rod Blagojevich
Philadelphia turns to index funds to bolster employee pensions
The Philadelphia Board of Pensions and Retirement is moving away from risky investments and putting nearly half of its portfolio in index funds.
-2 points by The Philadelphia Inquirer | Investment Pension Pension fund Rate of return Mutual fund Financial services Hedge fund Index fund
California's pension crisis: Sustaining sweetened benefits
To the editor: Thank you for initiating such an important investigation into the pension time bomb facing California taxpayers. I wondered why it was that no provisions were included in the 1999 legislation to periodically renegotiate based on actual investment returns? To maintain sustainability,...
42 points by Los Angeles Times | Pension Retirement Investment Life annuity Pension fund Dot-com bubble Employment compensation Superannuation in Australia