IBM Retirement-Fraud Suit Gets New Life From Second Circuit
MANHATTAN (CN) – Reviving securities fraud claims, the Second Circuit ruled Monday that IBM must face a suit by workers
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California Lawmakers Eye Nixing Contracts With For-Profit Prisons
Calling on California to sever ties with the private prison industry, a state lawmaker wants to nix contracts with for-profit prisons and ban the state’s public pension funds from ever investing in them again.
Read moreGreece: Creditors Approve U-Turn on Pension Cuts
Greece’s bailout creditors have approved a request by the country to scrap pension cuts planned in 2019 after the country delivered a strong budget performance.
Read moreRussian Lawmakers Vote to Back Controversial Pension Bill
The lower house of the Russian parliament has given its preliminary approval for a controversial bill that raises the eligibility ages for pensions, which has caused an outrage in Russian society.
Read moreUN Human Rights Commission Puts Spotlight on Nicaragua
Calling attention to a human rights crisis in Nicaragua, the United Nations says that the government’s response to widespread April protests has been to carry out extrajudicial killings, torture and other abuses.
Read moreUnion Boss Seabrook Found Guilty of Fraud, Conspiracy
About 45 minutes apart, a federal jury handed two guilty verdicts Wednesday to dapper union boss Norman Seabrook on fraud and conspiracy charges.
Read moreMilwaukee Firefighters Challenge Benefits Calculation
A local firefighters’ union claims Milwaukee has violated amendments to the city charter and the union’s collective-bargaining agreement by proposing to exclude agreed-upon pension offset payments from the calculation of their retirement benefits.
Read moreOusted Tennessee Lawmaker Fights for Retirement Benefits
Facing skepticism from a Sixth Circuit panel, a lawyer representing a former lawmaker expelled from the Tennessee House of Representatives for sexual harassment allegations argued he had standing to sue the state in federal court because it took away his pension and lifetime health insurance.
Read moreCourt: San Diego Mayor Broke Rules in Bid for Pension Reform
The California Supreme Court on Thursday reversed a lower court decision upholding San Diego’s pension reform ballot measure, finding the city’s former mayor skirted meet-and-confer rules with labor unions and used his influence to push the citizen’s initiative.
Read moreTop EU Court Sides With Trans Pensioner in Bias Case
A transgender Briton prevailed at the European Court of Justice on Tuesday in her bid to claim a retirement pension without annulling the marriage she entered into with another woman before transitioning.
Read moreCalPERS
A spat between the California Public Employees’ Retirement System executive office and state transit workers over pension funding requirements was properly decided in the workers’ favor since the CalPERS executives didn’t follow proper procedure before taking the dispute to court, a Third Appellate District panel ruled Tuesday.
Read moreKentucky AG and Governor Battle Over Pensions
Kentucky Attorney General Andy Beshear sued Governor Matt Bevin in an attempt to nullify a pension reform bill that stands to cut benefits for teachers and other public employees, a day after Bevin signed the bill into law.
Read moreScandal-Plagued Chicago Suburb Sues Over Pension Crisis
The Chicago suburb of Harvey claims it will be unable to make payroll or fund essential city services by mid-April unless the Illinois comptroller releases $1 million currently being held to satisfy the debt the city owes to its police pension fund.
Read moreKentucky Retirement System Accused of Illegal Money Grab
A small San Francisco investment firm claims Kentucky is trying to unlawfully wrest control of funds the firm manages in the state’s troubled public pension system.
Read moreKentucky Teachers Descend on Capitol to Protest Pension Cuts
Thousands of teachers flocked to the Kentucky Capitol on Monday to protest proposed changes to their pension plans, forcing school districts across the state to close.
Read moreLawsuit Accusing Hospital of Underfunding Pension Plan May Continue
A federal judge on Thursday indicated he would keep alive a five-year-old proposed class action accusing a hospital system with ties to the Catholic Church of exploiting a religious exemption in federal law to underfund its employees’ pensions by $1.5 billion.
Read moreCalifornia Judges Lose Fight of Tighter Pension Scheme
A group of six California trial judges cannot collect more generous benefits under an older iteration of the Judges Retirement System, but are subject to the more abstemious plan enacted after they took office, an appellate panel ruled Tuesday.
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