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Pension

(Jerry Sandusky testifies via video link from prison, where he is serving a long term for sexual abuse of children.  Photo by Tony Romeo)

Arbitrator Rules To Reinstate Sandusky’s Pension

A Pennsylvania arbitrator has ruled that Jerry Sandusky’s $4,900-a-month Penn State pension be reinstated, including back payments from October 2012, when his child molestation conviction prompted the state retirement system to end his benefits.

06/23/2014

(credit: CBS 3)

Christie’s $34.4B Budget Makes Pension Payment

The $34.4 billion state budget New Jersey Gov. Chris Christie proposed Tuesday makes a required $2.25 billion payment to the public worker pension fund without raising taxes but leaves virtually nothing left over to fund major new programs or initiatives.

02/25/2014

(NJ governor Chris Christie delivers his 2014 "State of the State" address to the state legislature in Trenton.  Image from NJ Legislative TV)

Democrats React To Governor Christie’s State Of The State

New Jersey is in good shape and getting better in the eyes of the Governor. Legislative Democrats would beg to differ.

01/14/2014

Jerry Sandusky arrives at courthouse for sentencing (Patrick Smith/Getty Images)

Jerry Sandusky Fights To Have His Pension Restored

Jerry Sandusky’s campaign from behind bars to have his Penn State pension restored will go before a hearing examiner this week in Harrisburg, more than a year after his child molestation conviction led the state pension agency to revoke it.

01/07/2014

(Philadelphia City Hall.  File photo by Tony Hanson)

City Council President Sounds Warning Cry About Philadelphia’s Worker Pension Fund

The 2009 one-percent hike in the Philadelphia sales tax was supposed to be temporary, but it’s now permanent as part of the state’s solution to the school district cash crisis.

07/21/2013

(Credit: Steve Tawa)

Philadelphia Pension Board Asking Companies To Adopt ‘Sandy Hook Principles’

The Philadelphia Pension Board has voted to sell stocks that are tied to the gun industry, if companies don’t adhere to a new set of principles, designed to reduce gun violence.

01/24/2013

Jerry Sandusky arrives at courthouse for sentencing (Patrick Smith/Getty Images)

Sandusky Will Keep Pension Money From Before Conviction, No Longer Gets $59K Annual Pension

The State Employees’ Retirement System notified Sandusky he will no longer receive his $59,000 annual pension following his conviction and sentence in the child sexual abuse scandal.

10/11/2012

Jerry Sandusky  (Photo by Patrick Smith/Getty Images)

Pennsylvania Moves To Revoke Sandusky’s Pension

Jerry Sandusky’s lawyer says that Sandusky will fight to keep his $59,000 annual pension.

10/10/2012

file photo (credit: Tony Romeo)

Governor Corbett Puts Pension Reform On Priority List

“If we don’t start addressing pensions right now, in 2016-17, $4.3 billion of the budget goes to pension. What does that do to funding everywhere else that we need to have the funding?” Corbett said.

09/12/2012

Jerry Sandusky (Photo by Mark Wilson/Getty Images)

Sandusky May Keep State Pension Despite Conviction

Eyewitness News has learned that Jerry Sandusky may be able to retain his $59,000 per year state pension for the rest of his life, even after being convicted on 45 criminal counts for sexually abusing ten boys.

06/27/2012

(Credit: Senator Pileggi's office)

Pileggi Proposes Changes To State Worker Pension Program

The majority leader of the Pennsylvania Senate has announced that he will introduce a bill that will make major changes to the pension system for future state and public school workers.

05/30/2012

(file photo)

Verizon Gets Injunction Against New Jersey Picketers

Verizon has been granted an injunction to limit picketing by striking union workers in New Jersey.

08/12/2011

Philadelphia Orchestra

Philadelphia Orchestra’s Price For Withdrawing From Pension Plan Is More Than Twice Initial Figures

Now making its way through bankruptcy court, the Philadelphia Orchestra’s management is finding out the price tag for withdrawing from the pension plan for musicians is more than twice the initial figures.

07/24/2011

Christie, NJ Senate President Agree On Overhaul Of State Worker Benefits

Senate president Steve Sweeney is ready to proceed with a package he hammered out with Governor Chris Christie which would require state workers to pay more for health insurance and increase contributions to their pension fund.

06/10/2011

File photo of New Jersey Governor Chris Christie (credit: Getty Images)

New Jersey Gov. Christie, Senate President Strike Benefits Deal

Republican Gov. Chris Christie and Democratic Senate President Stephen Sweeney have reached a deal to change retiree pension and health benefits by requiring public workers to pay more for both.

06/08/2011

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