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The Canadian government's proposal for its new hybrid pension plan is receiving mixed reviews, with some pension experts in favor and labor groups opposed.
Mayors across the state of Illinois are urging legislators to overhaul police and fire pension plans to alleviate the financial burden on local governments.
Under a proposal announced April 15, Detroits emergency manager, Kevyn Orr, agreed to pay retired city police officers and firefighters their full monthly pensions. Hours later, the pension system for general employees, such as city hall clerks and street workers, said it, too, had settled.
Christie has attacked employee benefits, saying that 50 percent of all new spending in his latest budget goes to pay for pensions, 30 percent pays for debt and 14 percent pays for health benefits.
Will our retirement system create the message to new workers that working for the man, whether hes in the private or public sector, is a losing proposition?