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San Bernardino, the bankrupt Southern California city, has a tentative agreement with its biggest creditor, the California Public Employees Retirement System, that should help it in talks with others.
Since filing for bankruptcy in August 2012, the city has been mired in court fights against creditors including Calpers and the unions, while creditors vie with each other.
The American Federation of Teachers is urging public pensions to review investments with Chicago-based GTCR, a private-equity firm where Rauner was chairman before stepping down in 2012.
The POA has mounted a concerted effort to reduce staffing in our police department, which has undermined the department and increased the workload on the remaining officers, said Mayor Reed via email to BenefitsPro.
The bungalow suburb of 37,000 residents asked Michigan for a review of its finances, which are so shaky that it diverted $2.5 million to pensions from a water and sewer account.
Like everyone else who dines at a restaurant in Omaha, Nebraska, Buffett is charged a 2.5 percent tax thats used in part to defray $850 million in unfunded retirement expenses for city workers.