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A federal bankruptcy decide dealt a significant blow to California's public staff pension methods by ruling Wednesday that payments for future employee retirements is usually decreased every time a city declares bankruptcy -- much like its other debts.
The city has an unusually high number of Gals in Management positions, even in male-dominated departments like law enforcement and fire. Why is the fact that?
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The GSA's Dan Tangherlini claims authorities workplaces really have to defy their standing of remaining slow to change and inconvenient for the standard Doing work individual.
A new federal rule could enable it to be dearer for governments to challenge debt in the money crisis.
Point out and local governments try unconventional methods to fund their pension liabilities, which include giving lump-sum funds payments to staff members.
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The Kentucky Retirement Technique -- the worst-funded during the nation -- is pleasing a ruling that allowed a nonprofit to depart the point out with its unfunded pension liabilities.
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The IRS really wants to thwart state attempts to avoid the new cap on condition and native tax deductions. It's unclear no matter if that could be lawful -- or efficient.
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Some governments, specially those with income difficulties, borrow to immediately spend down click this their pension obligations. But a fresh study displays it may possibly leave them additional financially vulnerable.