Pritzker’s budget plan underfunds pensions by $5.4 billion.
Actuaries have indicated that a revision of the pension plan in Illinois would necessitate an annual expenditure of about $17 billion. However, the proposed budget for 2027 calls for significantly less. Governor J.B. Pritzker’s budget plan allocates $5.4 billion less than what actuaries recommend for the five state retirement systems. House Bill 0131 and Senate […]
Mamdani parts ways with DSA while endorsing bills supported by the NYPD union that enhance pensions and raise the retirement age.
Mayor Supports Police Pension Legislation, Strays from Progressive Base Mayor Zoran Mamdani has taken a step away from his far-left Democratic Socialists of America (DSA) base by endorsing legislation that will enhance police pensions and extend the retirement age for NYPD officers. Progressive city council members have made it clear that they will not back […]
A Monthly Dividend Portfolio That Functions Like a Pension and Outperforms Most Pensions in Inflation Defense
Understanding Monthly Dividend Portfolios A standard defined benefit pension providing $5,500 monthly, which totals $66,000 annually, serves as a key reference point for retirement income. This figure is close to the top of the spectrum for many private pensions and represents what a couple aged 67 might need if they chose a lump sum instead […]
New agreement on pensions enhances benefits for public employees
Negotiations on Enhanced Retirement Benefits for Public Employees ALBANY — State legislators are getting close to finalizing a plan that would enhance retirement benefits for public employees hired after 2010. This proposal allows teachers to retire at 58 and offers other workers a chance to lower their contributions to pension plans, according to sources involved […]
Hochul suggests adding $500 million to pensions while facing off against unions in budget dispute.
ALBANY – Standoff Over Public Pensions Delays New York State Budget The ongoing standoff between Governor Kathy Hochul and New York’s major labor union regarding public pensions is causing significant delays in the already postponed state budget. The leaders of the Empire State are pushing back against what they view as excessive demands, which could […]
Proposal would prevent sex offenders from receiving federal pensions following Eric Swalwell incident
New Legislation to Deny Pensions to Convicted Sex Offenders Two female senators from both major parties are putting forward a new bill aimed at preventing convicted sex offenders from obtaining taxpayer-funded pensions and retirement benefits. Senators Joni Ernst (R-Iowa) and Kirsten Gillibrand (D-N.Y.) have collaborated on what’s called the No Taxpayer Pensions for Sex Offenders […]
Sen. Cornyn’s Undisclosed Public Pensions and Perjury Investigation Revealed
Senator John Cornyn (R-Texas) was previously scrutinized for potential perjury due to conflicting statements regarding his housing, aimed at maintaining his position as Texas’ highest-paid judge. He later faced claims of receiving a “double dip” by augmenting his senator salary with a state pension he had not disclosed for several years. Background on Cornyn: his […]
Rep. Lauren Bobert promises to eliminate pensions for Swalwell and Gonzales after accusations
Representative Lauren Boebert (R-Colo.) has expressed her intention to cut the pensions of former Representative Eric Swalwell (D-Calif.) and Representative Tony Gonzalez (R-Texas), both of whom stepped down recently amid allegations of sexual misconduct. In a video posted on X, Boebert discussed her efforts to secure the removal of taxpayer-funded pensions for Swalwell and similar […]
Sen. Josh Hawley’s proposal aims to eliminate pensions for individuals convicted of sex crimes.
Senate Republicans Push for Pension Reform Senate Republicans are taking steps to prevent members of Congress who are convicted of sex crimes from receiving retirement benefits funded by taxpayers. Senator Josh Hawley (R-Missouri) is introducing a new bill aimed at addressing a gap in federal law that currently allows pensions to be stripped for certain […]
Rep. Boebert promises to eliminate Swalwell and Gonzales’ pensions funded by taxpayers.
Rep. Boebert Calls for Termination of Pensions for Former Reps Rep. Lauren Boebert (R-Colo.) has pledged to work towards cancelling the pensions of former Rep. Eric Swalwell (D-Calif.) and Rep. Tony Gonzalez (R-Texas), who recently stepped down amid serious allegations of sexual assault and harassment. Boebert announced on X that she is actively pursuing measures […]