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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Motorola to Freeze Pension Plans and Cut Executive Pay

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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From Albany, Move to Trim Pension Plans

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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Budget Would End Key Benefit of Police and Fire Pensions

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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Saying Goodbye to Deweycheatumnhowe

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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A Champion’s Great Ride May Be Winding Down

After a record nine surfing world championships, Kelly Slater is mulling a departure from competitive surfing.

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Guaranteed Retirement Account, The

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As the City Goes Broke, One Cost Is Untouchable

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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Pensions Get a Reprieve in Congress

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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Workers Pay for Debacle at Tribune

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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