Police Union Criticizes Effort to Reduce a Pension Benefit
The Patrolmen’s Benevolent Association said changing the pension was breaking a promise to new recruits, while labor experts debated the merits of the plan.
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The Patrolmen’s Benevolent Association said changing the pension was breaking a promise to new recruits, while labor experts debated the merits of the plan.
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The company will permanently freeze its U.S. pension plans, temporarily suspend matching 401(k) contributions and reduce the base salary of its two co-chief executives.
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One of the most controversial elements of the governor’s proposal would require police officers and firefighters to work 25 years and reach age 50 before they qualified for a full pension.
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One of the most controversial elements of the governor’s proposal would require police officers and firefighters to work 25 years and reach age 50 before they qualified for a full pension.
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After winning 22 of 25 races, placing in two others, and showing once, Deweycheatumnhowe will soon be sent to a farm in Lexington, Ky., for his new life as a stud.
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After a record nine surfing world championships, Kelly Slater is mulling a departure from competitive surfing.
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As perennial hostages to budget-making, most public services are captive to the current fiscal crisis. Not so for the city’s fastest growing expense: pension funds.
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Companies whose pension funds suffered big losses this year will not have to replenish the money quickly under a relief measure that flew through the Senate Thursday.
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Sam Zell, the chief executive of the Tribune Company, literally mortgaged its employees’ future to pursue what one analyst at the time called “a childhood fantasy.”
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