State Pensions Update – Pew Center On The States
There’s good, bad, and ironic news in this report. The bad news is that the collective unfunded pension liability in state pension plans has never been higher, at $1.38 trillion. The good news is that things seem to be bottoming out. The ironic news is that the best-funded state pension plan is in, of all […]
Memphis Fire Union Against Plan To Add Quints To Replace Ladder Trucks
MEMPHIS, TN – A controversy is smoldering at the Memphis Fire Department over a realignment plan officials say will improve efficiency but firefighters fear will threaten public safety. The dispute involves acquisition of two so-called “quint” fire trucks that get their name by combining five functions into one. Both a ladder truck and a pumper, […]
After 6% Pay Cut In 2009, San Diego Unions Settle For Third Consecutive One-Year Wage Freeze
SAN DIEGO, CA – The city’s six labor unions have agreed to a fourth consecutive year without an across-the-board pay increase for their workers, a streak that could stretch to nine years because of a pension reform initiative overwhelmingly approved by voters earlier this month. The City Council voted 6-1 Monday to approve the one-year […]
How Does A ‘Savings’ Clause Work?
This article appears in the July issue of our monthly newsletter, Public Safety Labor News. Almost every public safety collective bargaining agreement or memorandum of understanding has what is colloquially called a “savings clause.” The wording of savings clauses varies, but essentially the clauses “save” the remainder of the contract in the event that one […]