Pension

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

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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

Protests Continue As Wisconsin Budget Impasse Drags On

New Jersey Unions Planning Rally For Wisconsin Workers

Union leaders in New Jersey are planning a solidarity rally for public workers in Wisconsin.

02/24/2011

file photo by KYW's Tim McLaughlin

Nutter, Council Await 2nd Report On Cost Of DROP Program

The mayor issued his call for City Council to eliminate DROP last August. Since then there have been no hearings, with Council members instead waiting to receive a report from consultants that they hired to evaluate the cost of the program.

02/11/2011

file photo (by Slaven Vlasic/Getty Images)

Christie, NJ Assembly Point Fingers At One Another For Bond Rating Dip

Some bad news for New Jersey from Wall Street, as Standard and Poors lowered the state’s bond rating yesterday one level from “AA” to “AA-“. That may not sound like much, but it’ll make it more difficult, not to mention more expensive for the state to borrow money.

02/10/2011

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DiCicco Introduces Bill To Allow City Workers To Opt Out Of DROP

Councilman Frank DiCicco says he regrets enrolling in the controversial pension plan, and he has introduced a bill which allows any city worker to opt out of DROP.

01/28/2011

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Rendell Expected To Sign Bill To Ease Looming Pension Crisis

Governor Rendell is expected to sign a bill on its way from the state House that would address a huge bump in costs for Pennsylvania’s two big employee retirement funds.

11/16/2010

(file photo / Getty Images)

Efforts To Avoid Pa. Pension Crisis Run Into Rough Waters

A bill that would address a looming spike in taxpayer contributions to Pennsylvania state pension funds has passed the Senate, but its future in the House is murky.

10/15/2010

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