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Pension and Welfare

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

Top Pension and Welfare Articles

Displaying items 37-48
  • CV Water District dips into reserves to cover pension debt

    Crescenta Valley Water District officials this week voted to draw down heavily on the utility’s reserves to pay off a ballooning pension liability — a decision they said would have positive long-term affects given the high interest rate they...
  • Pension reform leads issues at candidate forum

    Pension reform leads issues at candidate forum
    City pensions and looming electricity rate increases were front and center Saturday as 10 of the 13 candidates for City Council faced off at the first election forum of the campaign season. In front of about 80 people at the Oakmont Country Club,...
  • Glendale council and union strike a deal

    The City Council struck a deal with Glendale’s largest union this week to reverse a 1.5% pay cut council members imposed on the Glendale City Employees Assn. in 2010. Although the pay cut for the 750-member union will be lifted, rank-and-file...
  • Glendale City Council candidates explain why they should be elected

    The 12 candidates vying for three seats on the Glendale City Council outline what makes them the best choice. Jefferson Black What City Hall needs is a diplomatic problem-solver. I’m open-minded, willing to listen to both sides of every issue. I&...
  • Couple pleads guilty to embezzlement

    A couple who owned three Glendale-based post-production film companies pleaded guilty Tuesday to embezzling more than a $1 million — a portion of it from their employees’ retirement fund, but the lion’s share for not paying their...
  • Pension cost rise threatens Glendale's budget

    Glendale officials warned this week that planned changes to how the state's pension agency calculates contribution rates will have a significant impact on a city still recovering from a prolonged recession. The California Public Employees' Retirement...
  • After impasse with IBEW, Glendale City Council imposes pay cut on utility workers

    After impasse with IBEW, Glendale City Council imposes pay cut on utility workers
    More than 200 Glendale Water & Power employees and their union comrades packed City Hall Tuesday night to protest a contract that cuts their pay by 1.75%. Despite the showing, the City Council — unable to reach a deal with the International...
  • Glendale officials to see black ink

    Glendale officials say they expect the city to end the fiscal year next month $3.9 million in the black — money that could be used to shore up worker compensation and other funds that are in severe need of replenishment. In addition to the surplus...
  • Glendale pays big pension numbers

    Glendale pays big pension numbers
    As Glendale struggles to get a handle on its growing pension obligations, records show that about 11% of the nearly 1,350 city retirees draw annual pensions of more than $100,000 a year — and some of them far more than that. At the top of the list...
  • Former city workers retired, but still working

    Former city workers retired, but still working
    Former Glendale Police Capt. Ray Edey is not one to relax, so when he had the opportunity to return to writing grant applications for the city in September 2011, about a week after he retired, he took it. "I don't golf, fish or hunt," said the 30-year...
  • Redevelopment important to infrastructure

    With the announcement of his proposed new budget, Gov. Jerry Brown is calling for the closing of the individual redevelopment agencies across the state, and tapping those redevelopment funds to fill a portion of the state budget gap. Well, what exactly...
  • It's time to ban the bonuses

    Enough is enough, and in the case of Burbank city employees, “enough” has become way too much. Employees in all city departments — from entry level file clerks and receptionists, to upper-level management and department heads —...