April, 2011

29
Apr
2011

State Retiree Benefits Gap Grows…

Categories: National Developments

States are $1.26 trillion in the hole when it comes to their pension and retiree health obligations, according to a report released Tuesday. And taxpayers are ultimately on the hook for this shortfall, which soared 26% in one year.

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22
Apr
2011

Court Rejects Retroactive Pension Cuts…

Categories: California Developments

Orange County supervisors led by John Moorlach took on the legal issue of boosting pensions for years already served under a less generous plan. They lost when the state Supreme Court last week unanimously refused to hear their appeal.

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19
Apr
2011

Educator Pension Systems Ripe for Reform…

Categories: National Developments

The state of educator pension systems in many states is troubled, as anyone who has read the headlines about funding shortfalls must know. Clearly, it’s time for significant change, but in making changes, policymakers must carefully consider their impact on the labor market.

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19
Apr
2011

Three California Cities Improve Part-Time Employee Benefit While Cutting Costs!

Categories: Hot Sheets

When the cities of Sunnyvale, Moorpark, and Stanton wanted to reduce operating costs without impacting services, they turned to PARS to develop a Social Security alternative for part-time, seasonal, and temporary (PST) employees.

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10
Apr
2011

City of Beverly Hills Turns to PARS in Difficult Budget Times

Categories: Early Retirement Incentives,Hot Sheets

Facing a $2 million budget deficit, in late 2010 the City of Beverly Hills turned to a PARS early retirement incentive as an alternative to laying off valued employees. The PARS Supplementary Retirement Plan (SRP) approved by the City Council

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