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NCPERS submitted an Op Ed in response to reporter Michael Fletcher's attack on San Jose's retired public employees (In San Jose, generous pensions for city workers come at expense of nearly all else, Feb 25) is as offensive as it is just plain wrong. Worse, it omits relevant facts that would present a far different view of the picture in San Jose and elsewhere.
In a revolutionary shift in how it would compensate retirees, the U.S. Defense Department is considering adopting a 401(k)-like retirement plan and other financial incentives for those who serve less than 20 years, according to a new report.
The shift away from defined benefit pension plans to defined contribution plans has affected the types of retirement benefits available to most households, but has negatively impacted women the most, particularly those who are not married, according to a report by the Government Accountability Office.
Boeing Co., the world's largest planemaker, will instate a pension freeze for 68,000 non-union employees and executives by 2016, in a plan that aims to cut company costs.
The nation's largest association representing public pension systems is weighing in on the battle over pensions in California, today filing an amicus brief in the Sacramento County Superior Court in support of state Attorney General Kamala Harris and her title and summary for San Jose Mayor Chuck Reed's ballot initiative designed to eliminate constitutional protections for California's public employee retirement benefits.
(Maryland) The Senate Budget Committee voted Friday to take $500 million over the next five years from extra payments into the state pension system to balance the budget this year and for the next four.
The most recent SoonerPoll finds that Oklahomans view public sector employees very favorably, including their public pension programs and their associations
