pensions http://news.stlpublicradio.org en Fate Of New Pension Plan For St. Louis City Firefighters Up To Court Of Appeals http://news.stlpublicradio.org/post/fate-new-pension-plan-st-louis-city-firefighters-court-appeals <p><span style="line-height: 1.5;">The Missouri Court of Appeals heard arguments today over whether or not the city of St. Louis' new pension plan for firefighters will hold. Officials say the plan will save St. Louis almost $4 million a year. The union representing the firefighters doesn't dispute the cost savings, but says the city had no right to pass the plan in the first place.&nbsp;</span></p> Wed, 12 Mar 2014 00:29:39 +0000 Rachel Lippmann 34335 at http://news.stlpublicradio.org Fate Of New Pension Plan For St. Louis City Firefighters Up To Court Of Appeals Legal Battle Resumes Over Changes To Pensions For St. Louis City Firefighters http://news.stlpublicradio.org/post/legal-battle-resumes-over-changes-pensions-st-louis-city-firefighters <p>The Missouri Court of Appeals will hear arguments tomorrow on whether the city of St. Louis had the right to make changes to the pension benefits it offers its firefighters.</p><p>In <a href="http://mayorslay.com/blog/post.php?postID=17424" target="_blank">lobbying for the changes</a> in 2012, Mayor Francis Slay cited the financial burden pensions were beginning to place on the city. Its budget for fiscal year 2013 included a $31 million contribution to the system, up from $23 million the year before.</p> Tue, 11 Mar 2014 02:50:50 +0000 Rachel Lippmann 34306 at http://news.stlpublicradio.org Legal Battle Resumes Over Changes To Pensions For St. Louis City Firefighters New Pension Ruled OK For City Firefighters http://news.stlpublicradio.org/post/new-pension-ruled-ok-city-firefighters <p>A St. Louis judge has ruled that the city can establish a new pension system for firefighters.</p><p>Judge Robert Dierker made the ruling Monday.</p><p>The new system went into effect retroactively Feb.1 and will require firefighters to contribute 9 percent to their retirement. That’s one percent more than currently.</p><p>Jeff Rainford---the chief of staff for Mayor Francis Slay---says the new pension will save the city $4 million this year and still benefit firefighters.</p> Tue, 04 Jun 2013 21:46:46 +0000 Maria Altman 27062 at http://news.stlpublicradio.org New Pension Ruled OK For City Firefighters McNary Criticizes Zweifel's Handling Of Pensions http://news.stlpublicradio.org/post/mcnary-criticizes-zweifels-handling-pensions <p>State Representative Cole McNary criticized the State Treasurer's handling of Missouri's pensions Tuesday. McNary is the Republican candidate for the office that is currently held by Democrat Clint Zweifel.</p><p>McNary outlined problems he sees with the Missouri State Employees Retirement System: He says there are underfunded pensions, naively optimistic forecasts for returns and a debt that will be a burden on taxpayers.</p><p> Tue, 25 Sep 2012 22:35:11 +0000 Chris McDaniel 4700 at http://news.stlpublicradio.org McNary Criticizes Zweifel's Handling Of Pensions Morning Headlines: Monday, September 24, 2012 http://news.stlpublicradio.org/post/morning-headlines-monday-september-24-2012 <p><strong>Gingrich in St. Louis to support Todd Akin</strong></p><p>Former Speaker of the House Newt Gingrich will be in suburban St. Louis on Monday at a fundraiser and news conference in support of Todd Akin's Senate campaign. The men are scheduled to appear at a $500-per-person, or $750-per-couple, fundraiser. They'll also speak at a late-morning news conference in Kirkwood.</p> Mon, 24 Sep 2012 14:25:49 +0000 Julie Bierach & The Associated Press 4682 at http://news.stlpublicradio.org Morning Headlines: Monday, September 24, 2012 Possible credit rating downgrade looms for Illinois over pension issues http://news.stlpublicradio.org/post/possible-credit-rating-downgrade-looms-illinois-over-pension-issues <p>A failed special session that was supposed to lead to the passage of pension reform has pushed Illinois closer to a downgrade of its credit rating.</p><p>Gov. Pat Quinn <a href="http://news.stlpublicradio.org/post/session-ill-pension-reform-will-be-aug-17">ordered lawmakers</a> back to Springfield last Friday to deal with the state's massively underfunded pension systems, but the chambers <a href="http://www.reuters.com/article/2012/08/18/us-illinois-pensions-idUSBRE87G0CY20120818">could not agree</a> on a deal.</p> Thu, 23 Aug 2012 18:41:20 +0000 The Associated Press 4390 at http://news.stlpublicradio.org Possible credit rating downgrade looms for Illinois over pension issues Legislative saga over firefighter pensions should end on Friday http://news.stlpublicradio.org/post/legislative-saga-over-firefighter-pensions-should-end-friday <p>After five months of debate, major reforms to the pensions for firefighters in St. Louis City are about to become law.</p> Thu, 12 Jul 2012 19:54:15 +0000 Rachel Lippmann 4110 at http://news.stlpublicradio.org Legislative saga over firefighter pensions should end on Friday Ill. lawmakers leave major business unfinished despite frenzied end to session http://news.stlpublicradio.org/post/ill-lawmakers-leave-major-business-unfinished-despite-frenzied-end-session <p>Lawmakers in Illinois went past their midnight deadline in Springfield on Thursday in an effort to finish their business before the campaign season. In a frenzied end, the General Assembly approved a new state budget and authorized a massive expansion of gambling.</p><p>But they&#39;re not finished.</p><p>The collapse of pension reform means lawmakers will probably return to Springfield this summer. This recap is from Amanda Vinicky in Springfield.</p><p> Fri, 01 Jun 2012 11:58:44 +0000 Illinois Public Radio 3828 at http://news.stlpublicradio.org Ill. lawmakers leave major business unfinished despite frenzied end to session Surprise move by House Speaker Madigan could clear way for pension overhaul http://news.stlpublicradio.org/post/surprise-move-house-speaker-madigan-could-clear-way-pension-overhaul <p><em>Amanda Vinicky contributed reporting from Springfield.</em></p><p>Illinois lawmakers will take a shot today at passing a massive overhaul of the state&#39;s pension system.</p><p>It&#39;s a move permitted by a surprise decision last night by House Speaker Michael Madigan, who handed control of the measure over to the top Republican in the House, Tom Cross.</p> Thu, 31 May 2012 10:52:00 +0000 Illinois Public Radio 3817 at http://news.stlpublicradio.org Surprise move by House Speaker Madigan could clear way for pension overhaul Ill. lawmakers face complicated task as session enters last month http://news.stlpublicradio.org/post/ill-lawmakers-face-complicated-task-session-enters-last-month <p><em>Reporting from Amanda Vinicky was used in this story.</em></p><p>Like its counterpart in Missouri, the Illinois General Assembly is heading into the home stretch.</p><p>Lawmakers there have a bit more time to get through their agenda - their session isn&#39;t scheduled to end until the end of May. But unlike lawmakers in Missouri, Illinois legislators have a monumental task in front of them - passing a state budget.</p><p>Most state agencies will have their budget cut by 9 percent.</p> Mon, 14 May 2012 11:49:55 +0000 Illinois Public Radio 3690 at http://news.stlpublicradio.org Ill. lawmakers face complicated task as session enters last month