Pensions
Firefighters and police officers say pension cuts in 2012 are a reason why recruitment is low
A 2021 law allowed nearly 8,000 officers and firefighters about to reach 20 years of service a two-year window to retire early with half their final compensation
Lawsuit
The retirement system, or PFRS, is a shareholder in WWE with some 350 shares, initially worth $100,000
Firefighters will have to pay more into the system while accepting benefits reductions
Houston is facing about $8 billion in unfunded pension liabilities
A city manager said the miscalculations occurred when the city moved to a “confusing” formula
The system is set to become insolvent within 10 years unless lawmakers agree to major changes
Mike Rawlings plans to testify about his opposition to the long-in-the-works bill
Not all head-scratcher decisions come out of D.C.; here’s a look at what some local politicians are doing to give firefighters a swift kick in the shins
The fire chief said the figures include pension, benefits and overtime costs
The deal requires the men who ran the firm to cooperate as the fund goes after others who profited while it lost hundreds of millions of dollars
Firefighters and police have been pitted against Dallas Mayor Mike Rawlings since he vowed not to let taxpayer dollars fund the gap in the pension system
The bill would offer a cash-balance retirement plan to newly hired officers and firefighters, rather than a traditional pension
Critics say the state should not intervene in local labor contracts and describe the push as an attack on firefighters
An alternative would allow police and firefighters to transfer over to a new city-run pension system with reduced guaranteed benefits but less risk of insolvency
After June Stilwell spent the last two weeks before her retirement behind a desk after suffering shoulder pain, her pension was reduced
The fire union president calls it a “slap in the face” to the department, others say he earned the deal
Pension officials said allowing the withdrawals would leave them without the liquid reserves required to sustain $2.1 billion fund
State legislators halted the change in retiree health care plans after responders demonstrated outside the Capital
More than $500 million in deferred retirement funds have been withdrawn since August
Changes in pension formulas or medical benefits in retirement have caused those in the fire service to consider early retirement or face dramatic reductions in pensions and benefits.
The judge also sided with the city, approving a less generous interpretation of how quickly firefighters will accrue retirement benefits
With the city council’s support, the matter now moves to the Texas Legislature for approval
The firefighters’ board agreed to give up some benefits in exchange for certainty in a complex deal that would eliminate pension underfunding
Julie Drennan said she and her son lost around $70,000 in taxed pension benefits
Rodney Eddins collapsed in April as he and his crew of firefighters extinguished a fire inside a home
A retired firefighter and police officer sued the city, arguing that the changes were unconstitutional and a violation of their pension contracts
Arizona Gov. Doug Ducey said the negotiated deal will provide protection to first responders and save money; it must still pass a special election ballot put to voters
The city’s moving from a pension to a 401(k)-style retirement plan has many firefighters taking jobs with other departments
Republicans call it a bail out; Democrats say it allows them to make pension payments without tax hikes
The Securities and Exchange Commission charges that the firms top executives steered fire, police and other municipal pension investments to their company
Justices unanimously decided to overturn an 18-month-old law saying it left the promise of pensions ‘diminished or impaired’
When it comes to firefighter salaries and pensions, those we serve have a mind to tell us what they think — and it’s often that they don’t think
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