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Pensions

A collection of news and information related to Pensions published by this site and its partners.

Top Pensions Articles see all

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  • Stockton bankruptcy ruling a blow to pensions

    Stockton bankruptcy ruling a blow to pensions
    SACRAMENTO — A federal bankruptcy judge dealt a blow to California's public employee pension systems by ruling Wednesday that payments for future worker retirements can be reduced when a city declares bankruptcy — just like its other debts.
  • Judge to make final ruling on Stockton bankruptcy late October

    SACRAMENTO Calif. (Reuters) - The judge presiding over the Stockton, California, bankruptcy case said on Wednesday that he will wait until late October to make a final ruling over whether the city can exit bankruptcy. U.S. Bankruptcy Judge Christopher...

    Stockton bankruptcy ruling could deal blow to CalPERS, public pensions

    A federal bankruptcy judge dealt a serious blow to California's public employee pension systems by ruling Wednesday that payments for future worker retirements can be reduced when a city declares bankruptcy -- just like its other debts. U.S....

    Pennsylvania judge says Scranton can't tax commuters to fix pensions

    HARRISBURG Penn. (Reuters) - A Pennsylvania judge on Tuesday rejected the cash-strapped city of Scranton's bid to solve its municipal pension woes with a new commuter tax. The 0.75 percent tax on commuters' earned income was supposed to have gone into...

    Allentown will see $17 million drop in pension payments in 2015

    Allentown has cut its 2015 pension costs by more than $17 million thanks to the city's water and sewer lease, according to memos released by the city's finance department Monday. In 2015, the city will owe $6.3 million toward its minimum municipal...