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A collection of news and information related to Pension and Welfare published by this site and its partners.
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Former city workers retired, but still working
Former Glendale Police Capt. Ray Edey is not one to relax, so when he had the opportunity to return to writing grant applications for the city in September 2011, about a week after he retired, he took it. "I don't golf, fish or hunt," said the 30-year...
Tags: Public Employees, Google Inc., Safety of Citizens, Government, California Public Employees' Retirement System
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Glendale pays big pension numbers
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...
Tags: Employment Opportunities, 401K, Public Employees, Retirement, Government
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After impasse with IBEW, Glendale City Council imposes pay cut on utility workers
More than 200 Glendale Water & Power employees and their union comrades packed City Hall Tuesday night to protest a contract that cuts their pay by 1.75%. Despite the showing, the City Council — unable to reach a deal with the International...
Tags: Public Officials, Google Inc., Justice System, Health Insurance Cost, Collective Contract
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Glendale officials to see black ink
Glendale officials say they expect the city to end the fiscal year next month $3.9 million in the black — money that could be used to shore up worker compensation and other funds that are in severe need of replenishment. In addition to the surplus...Tags: Economy, Business and Finance, Budgets and Budgeting, Google Inc., Employees, Career and Workplace
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Pension cost rise threatens Glendale's budget
Glendale officials warned this week that planned changes to how the state's pension agency calculates contribution rates will have a significant impact on a city still recovering from a prolonged recession. The California Public Employees' Retirement...Tags: Economy, Business and Finance, Budgets and Budgeting, Google Inc., Employees, Career and Workplace
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Glendale City Council candidates explain why they should be elected
The 12 candidates vying for three seats on the Glendale City Council outline what makes them the best choice. Jefferson Black What City Hall needs is a diplomatic problem-solver. I’m open-minded, willing to listen to both sides of every issue. I&...Tags: Elections, Economy, Business and Finance, Lee Baca, Business, Local Elections
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Forum didn't address pension reform
During the Feb. 2 Glendale City Council candidates forum at Oakmont Country Club, none of the candidates addressed the major problems with Glendale's pension system. At one time pensions were sustainable (2% at age 50 in 1973) for safety officers. This...Tags: Local Elections, Politics, Interior Policy
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Pension reform leads issues at candidate forum
City pensions and looming electricity rate increases were front and center Saturday as 10 of the 13 candidates for City Council faced off at the first election forum of the campaign season. In front of about 80 people at the Oakmont Country Club,...
Tags: Elections, Google Inc., Health Insurance Cost, Local Elections, Political Fundraising
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Public needs to come before city pensions
Councilman Ara Najarian recently said, “As the city budget reaches its limit, the community many times steps in and helps with many of these programs.” In the past, former Councilwoman Laura Friedman expressed those same sentiments. Both of...Tags: Social Security, Politics, Interior Policy
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CV Water District dips into reserves to cover pension debt
Crescenta Valley Water District officials this week voted to draw down heavily on the utility’s reserves to pay off a ballooning pension liability — a decision they said would have positive long-term affects given the high interest rate they...Tags: Economy, Business and Finance, Google Inc., Natural Resource Industry, Money and Monetary Policy, Politics
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Glendale pension costs keep rising
Pension costs and other employee benefits continue to be a huge financial burden for Glendale, despite some gains in raising revenue and controlling costs, according to the most recent data available. As of June 2012, the annual pension cost was about...Tags: Economy, Business and Finance, Google Inc., Layoffs and Downsizing, Politics, Interior Policy
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Bloated pensions dragging us down
Many safety personnel have salaries of more than $100,000 and $200,000 plus as their final pay at retirement. Union contracts in the cities of Glendale, Burbank and Pasadena allow public safety to retire after 30 years at age 50 or 55 with 90% of their...Tags: Employees, Retirement, Government, Safety of Citizens, Social Security
May 11, 2013
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May 11, 2013
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May 7, 2013
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May 8, 2013
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Apr 19, 2013
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Apr 1, 2013
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Feb 8, 2013
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Feb 2, 2013
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Jan 26, 2013
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Jan 11, 2013
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Dec 18, 2012
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Dec 18, 2012
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