Desert Hot Springs in California has warned that burdensome salary and pension costs may cause it to file for bankruptcy protection. The problems in Desert Hot Springs came to light last week when a...
We all know the city of Detroit has filed for bankruptcy protection. The bankruptcy court is now conducting a hearing to determine if Detroit is eligible for protection under Chapter 9 of the U.S....
The pension reform pushed through the Legislature by Gov. Brown in 2012, AB 340, failed to address the pensions of current workers. It was designed to create a two-tiered pension systems where newer employees...
New Statewide initiative to reform unsustainable pensions. bellow are the findings and the beginning of the reform act. SECTION 2. FINDINGS. (a) Government has a responsibility to provide essential services that protect the...
