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Rhode Island is taking dramatic steps toward fixing one of the nation's most underfunded public pension systems, but the true battle with public-sector unions may be just beginning.
A fight over public pensions in Rhode Island is about to come to a head in the Legislature, with lawmakers scheduled to vote Thursday on a landmark overhaul that has angered public-sector workers in this tiny and economically troubled state.
According to experts at Colonial Life & Accident Insurance Company, there are five workplace trends that employers, HR professionals and brokers should be aware of in order to be prepared for 2012.
Resounding voter support this week for pension reform measures in San Francisco and Modesto offered some reassurance to leaders of other California cities also struggling to deal with ever-tightening budgets partly due to the costs of generous retirement plans for their employees.
Labor unions are celebrating one of their biggest victories in decades after turning back an Ohio law that curbed collective bargaining rights for the state's public workers. The vote showed unions are still a potent political force that can't be ignored.
More than a thousand public-sector workers and retirees rallied Tuesday at the Rhode Island Statehouse in opposition to a proposed overhaul of the state's vastly underfunded pension system.
The IRS and the Department of Treasury are requesting comments on possible standards for determining if a retirement plan is a governmental plan under section 414(d) of the Internal Revenue Code.