The governor would raise the retirement age and cap benefits, but he omits key provisions of his earlier proposal. A vote on the plan is expected Friday.Gov. Jerry Brown announced a new plan Tuesday to rein in public pension costs that would raise the retirement age, cap benefits for the highest-paid employees and eliminate "spiking" — but lacks key parts of the bolder system overhaul he proposed months ago and would even increase some payouts. full story ![]()
A plan to gradually shift ongoing pension costs to state universities and community colleges surfaced in the Illinois House Thursday and could be the model for shifting pension costs for K-12 schools.
sj-r.com (3 days ago)
A plan to gradually shift ongoing pension costs to state universities and community colleges surfaced in the Illinois House Thursday and could be the model for shifting pension costs for K-12 schools.
galesburg.com (3 days ago)
Governor unveils plan as pension costs continue to sap state— Gov. Pat Quinn is expected to call for spending nearly 3 percent less on education as he unveils a new budget proposal Wednesday, a move he blames squarely on the state's increasing government worker pension costs.
chicagotribune.com (2 months and 16 days ago)
San Mateo County doesn't have enough money to cover promised retirement costs that could total $2 billion, not the $1 billion estimated by the agency managing employees' pension fund, a civil grand jury concluded in a report released Monday.
mercurynews.com (1 month and 3 days ago)
The City’s pension costs will increase by tens of millions of dollars next fiscal year to offset investment losses. That doesn’t come as a surprise to Mayor Ed Lee, said spokesman Francis Tsang, adding that increased pension costs also are expected in the subsequent year. In 2011, skyrocketing pension costs prompted Lee to broker a “compromise” with labor unions. The result...
sfexaminer.com (1 month and 23 days ago)

Legislators take multipronged approach aimed at earning Supreme Court approval — The Illinois Senate moved forward on its version of pension reform Wednesday, advancing two proposals designed to rein in the rapidly rising costs of a government worker retirement system that's $96.8 billion in debt.
chicagotribune.com (2 months and 8 days ago)
After a year of negotiations, Kentucky General Assembly Tuesday evening reformed its state pension plan that suffers from a $19 billion shortfall and has burdened state and local government with skyrocketing costs.
rss.cincinnati.com (1 month and 23 days ago)

SACRAMENTO -- Gov. Jerry Brown took a hard line Tuesday as he unveiled his latest budget plan, seeking to tighten general-fund spending and holding firm on his push to redistribute money for schools.
latimes.com (5 days ago)
SPRINGFIELD -- A new pension reform bill was introduced Wednesday that calls for higher employee contributions, limits on retirement cost-of-living adjustments and a hybrid retirement plan for recently hired educators. The plan was touted as the latest, best hope for the state to resolve its pension problems.
galesburg.com (2 months and 22 days ago)
During a press conference this morning to tout his latest state budget plan, Gov. Jerry Brown said that he wants to hold down state payroll costs as his administration bargains…Click to Continue »
sanluisobispo.com (5 days ago)
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