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As Glendale struggles to get a handle on its growing pension obligations, records show that about 11% of the nearly 1,350 city retirees draw annual pensions of more than $100,000 a year — and some of them far more than that. At the top of the list...
Our city council put in place a band-aid-fix of a two-tier salary step for new city employees, which included changing their retirement age from 50 to 55 (“Money spent is money saved,” Aug. 4). But to still maintain pension retirements with...
Phillip Amador's resume is a lesson in growth. A successful tenure at the Allen Lund Company in La Cañada Flintridge has been punctuated by stints with the accounting, sales and customer service departments. The 36-year-old has been promoted four times,...
Tags: Health, Juvenile Delinquency, Crimes, Family, Gang Activity
WASHINGTON — Here's a heads-up for the growing ranks of seniors whose post-retirement monthly incomes aren't sufficient to qualify for a mortgage under today's tough underwriting standards: Thanks to a rule change by the largest players in the...
Pennsylvania's pension crisis is about to hit state homeowners and taxpayers, and the results won't be pretty. The state's two pension systems — for state government workers and public school employees — are, together, more than $47...
Tags: Employees, Finance, Politics, Interior Policy, Government
The Great Recession saw unemployment rates double and the housing bust that proved far stronger and lasted much longer than anyone had expected. Through it all, retirement savings plans took a major hit. The economy is improving now. South Florida...
Q: I have a financial adviser who helps me manage my finances and 401(k)'s. I'm retiring and want to leave my 401(k) with my company but still would like my adviser to help manage it. He says he would no longer be able to because I would no longer be...
HARRISBURG — A dozen years ago, state Rep. Chris Ross voted to give himself and 252 other lawmakers 50 percent pension hikes, while state workers and teachers got 25 percent increases. On Tuesday, Ross said the 2001 pension vote was bad. That vote,...
Tribune reporterUnited Steelworkers Local 1343 on Tuesday overwhelmingly rejected a proposed six-year contract with Caterpillar Inc. that would have frozen wages, increased contributions to health care costs and offered senior union employees fewer protections....
Illinois House Minority Leader Tom Cross, R-Plainfield, and Rep. Elaine Nekritz, D-Buffalo Grove, recently wrote that it is time to “set aside our differences and work together” on pension reform ("Working together on pension reform," Guest...
Tags: Politics, Tom Cross, Investments, Hinsdale, Elaine Nekritz
I am a retired teacher and taught in Illinois for my entire career. State Sen. Jim Oberweis’ suggestion that teachers should have 401(k)s instead of pensions made no sense to me (“Pension Plan,” Voice of the People, April 28). As you...
Tags: Schools, Politics, Social Security, Retirement, Interior Policy
Change of SubjectAdvocates for pension plans argue that they're better investments all around than individual 401k retirement accounts. This may be so -- though it doesn't explain why so many private companies have moved away from defined-benefit pension programs to...
May 11, 2013 |Story| Glendale News Press
Aug 11, 2012 |Story| Glendale News Press
May 15, 2010 |Story| Glendale News Press
May 23, 2013 |Story| Los Angeles Times
May 20, 2013 |Story| Allentown Morning Call
May 13, 2013 |Story| South Florida Sun-Sentinel
May 10, 2013 |Story| Chicago Tribune
May 7, 2013 |Story| Allentown Morning Call
May 1, 2013 |Story| Chicago Tribune
Apr 17, 2013 |Story| Chicago Tribune
May 1, 2013 |Story| Chicago Tribune
Apr 29, 2013 | Chicago Tribune
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