Reflection: A look at AFSCME’s role in the passage of Act 5 of 2017

Reflection: A look at AFSCME’s role in the passage of Act 5 of 2017

With several weeks behind the signing of Act 5 of 2017, some leaders of public employee labor unions are reflecting on their role in the process and what they did differently from other pension-reform attempts that eventually led to the enactment of this legislation.

At the beginning of June, the Senate-advanced Senate Bill 1—a pension reform plan that overhauled the current pension system that was used in the commonwealth—was created after six or seven drafts from ongoing negotiations.

The bi-partisan legislation was created through agreement from all four legislative caucuses as well as Gov. Tom Wolf and his administration. 

Monday, July 24, 2017/Author: Kyle Maguire
Categories: News and Views

Allegheny County state legislative delegation activity for the week of June 5

The state General Assembly wrapped up another legislative session week. 

Here's what the Pittsburgh and Allegheny County delegations were up to. 

Friday, June 9, 2017/Author: Alanna Koll
Categories: Pittsburgh
Pittsburgh reports city pensions funded at highest ratio in seven years

Pittsburgh reports city pensions funded at highest ratio in seven years

The City of Pittsburgh announced Thursday that its city pension fund is at its highest funded ratio in the last seven years, currently sitting at 60 percent.

 

The funding ratio is the highest since the Commonwealth took over management of the fund in 2010; it also reflects a five percent increase in the funding ratio since the last meeting of board overseeing the fund, which was held in February.

Friday, May 5, 2017/Author: Jason Gottesman
Categories: Pittsburgh
Rollback of Obama-era Labor Department rule muddies PA plans to develop private retirement security plans

Rollback of Obama-era Labor Department rule muddies PA plans to develop private retirement security plans

Just this past Wednesday, the US Senate voted 50-49 to roll back an Obama-era Department of Labor rule that allows cities and counties to develop retirement security plans for private-sector employees not already benefiting from an employer-run plan.

 

A similar rollback of a rule allowing states to develop these plans has not yet been subjected to a vote in the Senate, though it has passed the US House of Representatives overwhelmingly and could be voted on at any time.

Friday, March 31, 2017/Author: Jason Gottesman
AG DePasquale finds Pittsburgh pension funds continue to slide

AG DePasquale finds Pittsburgh pension funds continue to slide

In a recent audit of Pittsburgh’s municipal pension fund, Auditor General Eugene DePasquale said despite the city contributing $41.3 million more to its plans than required, funding levels have dropped to 57 percent during his latest audit. 
From January 1, 2014, to December 31, 2015, Pittsburgh contributed $115.6 million- well above the required $74.2 million minimum payment- to its three employee pension plans, according to the Auditor General. 
Thursday, March 16, 2017/Author: Alanna Koll
Categories: Pittsburgh
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