CONTACT US
This website belongs to the members of Local 801. We welcome all suggestions from our members, if you have a suggestion that you believe would make this site better, please visit our "Contact Us" page and let your suggestion be known. All suggestions will be considered. If you know of something that we need to share about our members or their family please let us know using the "Contact Us" webpage. Remember, a strong union local is an active union local. Good things don't happen if we are passive. So please play an active part in our local.
"NCPERS applauds the Illinois Senate for taking action to address a growing crisis in Illinois and throughout the country - the unprecedented retirement savings deficit in the private sector. Senators passed the Illinois Secure Choice Savings Plan, which would create a retirement savings plan for workers at businesses that have more than 25 employees but do not offer a retirement plan. Businesses will be able to participate in the plan with minimal effort. Most importantly, it will not cost the government - or Illinois taxpayers - a dime. ."
Those of us in the public pension world know that the vast majority of plans are on solid financial ground - and that the few that aren't are in jurisdictions whose legislatures have consistently failed to make some or all of the actuarially required contributions to those plans, even in boom economic times.
Robert Klausner & the 2014 Annual Conference Robert Klausner from Klausner, Kaufman, Jensen & Levinson, will be speaking at the 2014 Annual Conference & Exhibition about Detroit Bankruptcy & Other Legal Issues for Public Pensions. Make sure you don't miss his presentation at 10am on Monday, April 28th!
(Louisiana) More than 100,000 retired state employees, teachers, school employees and State Police find themselves in the middle of a political squeeze play
With city and state officials pushing to keep Detroit's bankruptcy moving quickly toward a resolution, a bond insurer threw an obstacle into the proceedings on Wednesday: four potential offers for the treasures in the city's art museum, which Detroit does not want to sell.
The City of Detroit and groups representing city retirees could announce as soon as Tuesday that they have agreed to a deal on pension cuts, which could pave the way for a resolution to the largest municipal bankruptcy in U.S. history, according to sources close to the negotiations.
The mediation process over a lawsuit concerning Rhode Island's 2011 pension overhaul has ended after a proposed settlement was rejected, said Joy Fox, a spokeswoman for state Treasurer Gina Raimondo, who oversees the state's investment commission.
