retirement benefits

GOP Senators Introduce Bill to Strip Federal Fire Fighters of Retirement Plan

GOP Senators Introduce Bill to Strip Federal Fire Fighters of Retirement Plan
Three U.S. Senators recently introduced a bill to eliminate defined benefit plans for federal fire fighters and other government employees. Contrary to the bill’s name — the Public-Private Employee Retirement Parity Act — the legislation would clearly do nothing to create parity among public and private retirement systems, forcing federal fire fighters to rely solely on an expensive and unpredictable 401(K)-style system.
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Report: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St Favor

Report: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St Favor
A new investigation uncovers the misdeeds of Rhode Island General Treasurer Gina Raimondo during her handling of the state’s Employee Retirement System. The report charges that Raimondo’s investment strategy is a lose-lose: “alternative investments both reduce returns and increase risk” and that probable candidate for governor is selling out Rhode Island’s public workers for an “opportunity to enrich herself and her hedge fund backers.”
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Chaz Bolte
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