pensions

Florida's Republican leaders have long discussed moving away from the traditional pension plan offered to state workers.

Florida Retirement System Could See Major Change For State Workers

The News Service of Florida

In a potentially major change to the Florida Retirement System, a Senate Republican on Thursday proposed a bill that would require new state employees to enroll in a 401(k)-style plan.

Karen Bradley worked at St. Clare's Hospital in Schenectady, N.Y., for 24 years. Along with hundreds of others who worked at the Catholic hospital, she has learned that the pension she was counting on for retirement is gone.

'Why Is There Nothing Left?' Pension Funds Failing At Catholic Hospitals

Chris Arnold

The AARP has filed a lawsuit on behalf of workers at a defunct Catholic hospital in upstate New York, saying hundreds lost their pensions unfairly. And there are similar cases around the country.

Members of the New York Philharmonic, led by music director Alan Gilbert, during the opening of a new season on September 21, 2016 in New York.

America's Largest Musicians' Union Announces Pension Cuts

Jeff Lunden

The American Federation of Musicians' fund will reduce benefits for an estimated 20,000 of its 80,000 members due to stresses caused by the 2008 financial crisis — and a steadily aging membership.

Thousands of public school teachers and their supporters protested against a pension reform bill at the Kentucky state Capitol in April. The state's Supreme Court has now struck down the law.

Kentucky Supreme Court Strikes Down Pension Law That Sparked Teacher Protests

Laurel Wamsley

The decision is a major victory for state employees, as well as for state Attorney General Andy Beshear as he runs to unseat Gov. Matt Bevin, who championed the controversial law.

Education

Broward Teachers: Divest Our Pensions From Gun Makers

Jessica Bakeman

Broward County teachers want their retirement money out of companies that make guns.The Florida Retirement System holds shares worth more than $1.7…

Pension, Health Care Overhauls Advance Through Senate

The News Service of Florida

A Senate committee on Monday narrowly backed a controversial change in the state pension plan and endorsed an overhaul of the health-insurance program...

Newscast

March 27, 2015: State Senate To Consider Plan To Overhaul Police, Firefighter Pensions

Today on WLRN-Miami Herald News, you heard:

Local Pension Overhaul Ready For Full Senate Vote

An effort to overhaul police and firefighter pensions is ready for consideration by the full Senate.The bill, SB 172, changes the way state insurance…