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Senate Majority Leader Mitch McConnell speaks to reporters in the U.S. Capitol in Washington, May 17, 2016. REUTERS/Kevin LamarqueSenate Majority Leader Mitch McConnell speaks to reporters in the U.S. Capitol in Washington, May 17, 2016. REUTERS/Kevin LamarqueSenate Majority Leader Mitch McConnell speaks to reporters in the U.S. Capitol in Washington, May 17, 2016. REUTERS/Kevin Lamarque

Congress Must Act To Save Central States Pension Fund

Nearly a month has passed since the U.S. Treasury Department said “no” to a rescue plan to shore up the finances of the failing Central States Pension Fund, which covers some 400,000 participants.

June 4, 2016
Retirement, Pensions, Tips, Jobs, Savings, Money

Five Jobs That Still Come With A Pension

The value of a pension is an invaluable benefit when considering life after retirement.

May 14, 2015

Emanuel Makes Nice As Chicago Election Bypasses Pension Morass

Chicago’s contentious mayoral election is coming down to the wire.

March 16, 2015

On Docks, Workers Still Have Power

For longshoremen, union clout nets high pay, strong pensions, and free health care.

March 3, 2015

Union Retirees Fear Dramatic Pension Cuts Under New Federal Law

Many union retirees may not know that their benefits face steep cuts.

February 20, 2015

Tax Fairness Could Mean More Resources

The Republican tax plan is profoundly unfair. But will Democrats counter with a better vision?

February 20, 2015

The Windy City’s New Gift To Big Campaign Donors

Will the SEC let Chicago make a mockery of ethics laws?

January 16, 2015
New Jersey Governor Chris Christie

How States Are Redistributing The Wealth

GOP governors are fine with wealth redistribution — as long as the cash flows from the 99 percent to the top.

December 26, 2014

A Multi-Billion-Dollar Secret

Why politicians don’t want you to know how your retirement savings are being invested.

December 5, 2014

Landmark State Pension Law Struck Down By Illinois Judge

Find out what this ruling means for organized labor.

November 21, 2014

California Pension Funds Are Running Dry

A new report has reignited the pension debate in the Golden State.

November 14, 2014

A Pension Jackpot For Wall Street

Yet again, the financial industry is winning big — and taxpayers are losing.

September 26, 2014

Judge Forces Detroit Bankruptcy Foe To Name Its price: 75 Percent Of What’s Owed

By Nathan Bomey, Matt Helms and Tresa Baldas, Detroit Free Press DETROIT — Detroit’s most vociferous bankruptcy opponent said Wednesday the city cannot legally justify treating pensioners better than financial creditors and said it wants to be paid 75 percent of what it’s owed. In a dynamic exchange, Bankruptcy Judge Steven Rhodes demanded that Marc […]

September 3, 2014

WATCH: David Cay Johnston Discusses Christie’s Broken Promise On ‘The Last Word’

David Cay Johnston stopped by MSNBC’s The Last Word with Lawrence O’Donnell on Tuesday, to discuss Governor Chris Christie’s plan to cut post-retirement health care benefits and pensions. “This is thievery,” Johnston explained. “This is just a subtle, delayed form of stealing wages from people who did the work they were hired to do and […]

July 30, 2014

Governor Christie Embraces Theft

Embattled New Jersey governor Chris Christie has come out foursquare for wage theft. As reported Sunday by Karen Tumulty of The Washington Post, Christie met with 200 citizens at the Jersey shore last week and, regarding state worker retirement benefits, declared: “Promises were made that can’t be kept… Welcome to the real world, folks.” Tumulty […]

July 28, 2014

A Year Into Detroit’s Bankruptcy, Many Residents Still Feel Abandoned

By Alana Semuels, Los Angeles Times DETROIT — In the year since this city filed for bankruptcy, becoming the largest municipality ever to do so, leaders have adopted a more optimistic tone about the future, pledging to fix streetlights and attract new residents and jobs. But Eric Byrd isn’t buying it. “No change round here […]

July 17, 2014

Christie’s Latest Scandal: How He Sold Public Pensions To Wall Street Donors

The media would label it Pensiongate — if they were interested. When Governor Chris Christie (R-NJ) cruised to his first statewide election victory in 2009, his promise to responsibly manage the state’s pensions helped deliver him the governor’s mansion. It’s Democrats like Governor Jon Corzine who are playing fast and loose with public pensions, the […]

March 20, 2014

Pension Reform, Once A Christie Calling Card, No Longer A Success Story

By John Reitmeyer, The Record TRENTON, N.J — Embedded Tuesday in New Jersey Gov. Chris Christie’s somber talk about pensions — a mind-numbing topic — was a sharp pivot reflective of a dramatically changed political moment. Christie has regaled audiences across the country with stories of how he teamed up with Democrats and pulled New […]

February 28, 2014