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Call off the search for ground zero in the inevitable Armageddon that will pit Greater Cleveland’s cash-starved local governments against entrenched public employee unions. Read more:
New Jersey’s mounting pension woes are headline news but it turns out they have nothing on the state’s obligations for retiree healthcare. The state’s total liability for retirees’ so-called “other postemployment benefits” (OPEB) is a whopping $66.8 billion, second only to New York’s $68.2 billion, according to Standard & Poor’s annual OPEB report released Nov. 17. (New Jersey has about $50 billion in unfunded pension liabilities between its three main pension funds.) Unlike pensions, neither state sets aside money in advance for OPEB so those burdens are the same as their unfunded liability. New Jersey is also among the states that saw the biggest year-over-year increase in its OPEB liability with nearly a $3 billion jump. Texas had the highest increase of $5 billion. Read more:
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Updated: Dec. 22 (00:22)
BC Donald Murphy New London Fire Fighters 2015 SFPFF Tentative Agenda Southern Federation of Professional Fire Fighters 2015 SFPFF Convention Southern Federation of Professional Fire Fighters REST IN PEACE Wilmington Fire Fighters Local 1370 Chief John Norman asking for our Help IAFF Local 794 Canton Township: Firefighter/Medic Michigan Professional Fire Fighters Union Upcoming Events No Events Found