Pension

(Source: AP)

Miami’s Budget Stalls Over Police Union Contract

The city of Miami must close a $62 million deficit in the 2012 budget. The first of two public hearings is set for Thursday night and city leaders hope agreements reached with three of four unions may help bring the city closer to a balanced budget.

CBS4–09/15/2011

(Source: AP)

Cities Look To Pensions To Fill Budget Holes

As the economy continues to sputter, city and state governments are turning against their own workers to make up the financial shortfall. The latest cuts are targeting pension plans which have pushed some cities to the brink of financial ruin.

CBS4–09/14/2011

hollywood pension

Hollywood Voters To Decide City’s Pension Reform

Hollywood voters will go to the polls September 13th to decide whether to pass a referendum that will reform police, firefighter and city employee’s pensions.

CBS4–08/30/2011

Screen shot 2011-07-18 at 5.40.57 PM

Hollywood Commission Sets Pension Reform Referendum

As city employees shouted in anger, the Hollywood city commission unanimously passed three ordinances freezing pension plans for city employees and setting up new plans with potentially lower future payoffs. They also set a September referendum to take the changes to the voters unless they can work out a deal with employees first.

CBS4–07/18/2011

Courtroom Generic Gavel

Judge Backs State In Gov’t Worker Pension Fight

Starting Friday, Florida state government workers will have to contribute 3% of their paycheck to their pension fund, despite a court battle on the change which is just getting started. Late Thursday night, a judge blocked efforts to force the state to put aside money to pay that 3% while the battle moves through the court system,

07/01/2011

Florida Governor Rick Scott (Source: Joe Raedle/Getty Images)

Scott Signs Pension Bill In Spite Of Lawsuit

Despite a lawsuit from the Florida Education Association and countless other public worker unions, Governor Rick Scott signed Senate Bill 2100 into law, meaning all government employees to contribute 3 percent of their salaries to the Florida Retirement System.

CBS4–06/23/2011

(AP)

Pension Changes Advancing In Legislature

Bills in the Florida House and Senate that will shift state pensions into investment accounts and require state and local workers to pay into them began moving forward Thursday.

CBS4–03/18/2011

money

Fla. Senate Panel Limits Pension Contributions

A Senate panel backed off considerably from a proposal to require state workers to make contributions to their pension fund, exempting many state workers, and cutting back the amount others would have to chip in.

CBS4–03/11/2011

money

Study: Future Municipal Pensions In Deep Trouble

A new report from Florida State University says a new ticking time bomb may exist when it comes to municipal pensions across the state.

CBS4–02/10/2011

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