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A collection of news and information related to Pension and Welfare published by this site and its partners.

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    May 21, 2013 |Story| Los Angeles Times

  1. At UC San Francisco, 150 surgeries canceled because of strike

    SAN FRANCISCO -- A strike by patient-care workers concerned about pension changes and staffing levels has led to the cancellation of an expected 150 surgeries at UC San Francisco Medical Center over the two-day labor action and will affect at least another 200 patients, hospital officials said Tuesday.
    SAN FRANCISCO -- A strike by patient-care workers concerned about pension changes and staffing levels has led to the cancellation of an expected 150 surgeries at UC San Francisco Medical Center over the two-day labor action and will affect at least...

    Tags: Dwayne Johnson, Labor Legislation, Michael Jackson, Politics, AFSCME

    2. May 21, 2013 |Story| Chicago Tribune

  2. Chicago-area pension funding gap jumps to $32 billion: report

    The Chicago-based Civic Federation said Tuesday the funding gap for 10 Chicago-area public pension systems widened by 16.7 percent to $32 billion in fiscal 2011 from the year, warning of service cuts or tax hikes to bridge the gap.
    Reuters
    The Chicago-based Civic Federation said Tuesday the funding gap for 10 Chicago-area public pension systems widened by 16.7 percent to $32 billion in fiscal 2011 from the year, warning of service cuts or tax hikes to bridge the gap. The civic watchdog...

    Tags: Chicago Transit Authority, Politics, Rahm Emanuel, Chicago Park District, Chicago Public Schools

    3. May 21, 2013 |Story| Los Angeles Times

  3. JPMorgan's Jamie Dimon survives vote to strip him of chairmanship

    A JPMorgan Chase & Co. shareholder proposal to split the bank's chairman and chief executive roles -- now both held by Jamie Dimon -- failed to win a majority's support Tuesday.
    A JPMorgan Chase & Co. shareholder proposal to split the bank's chairman and chief executive roles -- now both held by Jamie Dimon -- failed to win a majority's support Tuesday. The proposal to split Dimon's jobs at the nation's largest bank won only...

    Tags: Parties and Movements, Politics, Jamie Dimon, Corporate Officers, Finance

    4. May 21, 2013 |Story| Baltimore Sun

  4. At heart of IRS scandal: flawed 501(c)(4) rules

    Congress passes laws and usually the appropriate agency can write regulations implementing the law. However, the regulations cannot contradict the law. Nevertheless, with respect to the tax law provision 501(c)(4), that is exactly what happened. Under this provision, the government provides a tax exemption to nonprofit organizations who operate exclusively for social welfare ("White House aide: Obama didn't know of IRS policy," May 20). The implementing regulation and the advice from the IRS is self-contradictory. First, the IRS states that "To be tax-exempt as a social welfare organization described in Internal Revenue Code (IRC) section 501(c)(4), an organization must not be organized for profit and must be operated exclusively to promote social welfare."
    Congress passes laws and usually the appropriate agency can write regulations implementing the law. However, the regulations cannot contradict the law. Nevertheless, with respect to the tax law provision 501(c)(4), that is exactly what happened. Under...

    Tags: Parties and Movements, Justice System, Republican Party, Politics, U.S. Congress

    5. May 21, 2013 |Story| Petoskey News

  5. Nancy Sarowski: Show me

    Editor's Note: Nancy Sarowski, will be writing every Tuesday on conservative issues. We strive to maintain a equal political balance on our opinion page and will continue to publish Kendall Stanley's column on Mondays. Stanley writes from a progressive...

    Tags: Politics, U.S. Congress, Same-Sex Marriage, Supplemental Nutrition Assistance Program, Interior Policy

    6. May 21, 2013 |Story| Chicago Tribune

  6. Quinn: No new casinos without pension reform

    Gov. Pat Quinn on Monday put a finer point on a notion he's been pushing this spring: no gambling expansion will happen without comprehensive changes to fix a greatly underfunded government worker pension system.
    Clout Street
    Gov. Pat Quinn on Monday put a finer point on a notion he's been pushing this spring: no gambling expansion will happen without comprehensive changes to fix a greatly underfunded government worker pension system. The Democratic governor also insisted...

    Tags: Michael Madigan, Politics, City Club of Chicago, Rahm Emanuel, Greg Harris

    7. May 21, 2013 |Story| Chicago Tribune

  7. Editorial: Dear President Cullerton, Gov. Quinn needs you. We all do.

    All in cordial terms, Illinois Senate President John Cullerton. Notice the comma, rather than a colon, in our salutation. This is a personal note, just between us. Nobody else needs to know about it.
    All in cordial terms, Illinois Senate President John Cullerton. Notice the comma, rather than a colon, in our salutation. This is a personal note, just between us. Nobody else needs to know about it. Gov. Pat Quinn met Monday with the Tribune...

    Tags: Michael Madigan, Politics, Career and Workplace, Illinois General Assembly, Government

    8. May 21, 2013 |Story| Los Angeles Times

  8. Patient care workers set to start walkout at five UC hospitals

    Respiratory therapists, nursing aides, surgical technicians and other patient care workers plan to stage a walkout starting Tuesday morning at five University of California medical centers. More than 12,000 workers from the American Federation of State,...

    Tags: Unions, Justice System, Health Treatments, Politics, Career and Workplace

    9. May 21, 2013 |Story| Los Angeles Times

  9. Newton R. Russell dies at 85; veteran state legislator

    Newton R. Russell, a veteran state senator known as an expert on California's complex public pension system and a stickler for upholding legislative rules, died Saturday of lung cancer at his La Caņada Flintridge home, his family said. He was 85. A...

    Tags: Republican Party, Politics, Career and Workplace, Ronald Reagan, Elections

    10. May 20, 2013 |Story| Los Angeles Times

  10. Congress expands inquiry into IRS handling of conservative groups

    WASHINGTON — Congressional investigators are broadening their inquiry into the Internal Revenue Service's mishandling of groups seeking tax-exempt status, indicating that they plan to examine how the agency dealt with a wide swath of nonprofit applications during the last three years.
    WASHINGTON — Congressional investigators are broadening their inquiry into the Internal Revenue Service's mishandling of groups seeking tax-exempt status, indicating that they plan to examine how the agency dealt with a wide swath of nonprofit...

    Tags: U.S. Senate Committee on Finance, Barack Obama, Parties and Movements, Republican Party, Politics

    11. May 20, 2013 |Column| South Florida Sun-Sentinel

  11. Angry city manager can laugh all the way to the bank

    Like sports coaches, city managers are hired to get fired. And they usually leave laughing all the way to the bank, like ex-Miramar manager Robert Payton, who quit earlier this year and left with a total benefits package worth $2.4 million. Broward's...

    Tags: Miramar, Pembroke Pines, Fort Lauderdale, Politics, Pembroke Park

    12. May 20, 2013 |Story| South Florida Sun-Sentinel

  12. Sheriff Israel asks for $93.7 million more, 14% increase

    UPDATED with information from BSO The first details of the new Broward County sheriff's budget have emerged: He's asking for a $93.7  million increase in spending, or 14 percent more than was approved last year. To put the number into context, it's...

    Tags: Al Lamberti, Politics, Health Insurance Cost, Career and Workplace, Finance

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Pension and Welfare Photos
States nationwide have badly underfunded pension plans.
(April 29, 2013)
States nationwide have badly underfunded pension plans.
Welfare benefits changes
(April 22, 2013)
Welfare benefits changes
Kim Matthews has joined Northern Trust's Multi-Manager...
(March 4, 2013)
Kim Matthews, pension risk strategist, Northern Trust
 » All 30 Pension and Welfare photos