Posts tagged pension reform

    Op-ed ● Unions

    Opinion: President Biden Helping Unions Undermine California’s Public Pension Reform

    December 21, 2021 // With PEPRA, as public employees retire and are replaced by new hires with redefined benefits, the gap between what the pension system has in assets and what it needs to pay out in future decades will narrow.

    California Public Employees’ Pension Reform Act CalMatters Department of Labor DOL Gov. Gavin Newsom K-12 LCFF Local Control Funding Formula Marty Walsh Pension pension reform PEPRA President Biden public employee unions Union unions

    Blog ● Unions

    What unions aren’t telling Illinois teachers: Your pension is in trouble

    November 1, 2021 // Barring reforms, the Teachers’ Retirement System could eventually run out of money and be unable to pay promised benefits to retirees, all while making it more expensive for teachers to live in Illinois.

    government employees IEA Illinois Illinois Education Association layoffs Pension pension reform Public Employees public pension crisis Retirement teachers Teachers’ Retirement System Transparency TSR unions