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There are not as many jobs out there. You may have to apply; hope to land employment; and make the best of the situation. Don't count on the plush police pension of yesteryear.
Read More →Attorneys for the San Jose Police Officers' Association on Monday elaborated on two lawsuits they filed against the city of San Jose, including one that seeks to force the city back to the bargaining table and another that alleges the city violated the union's contract by trying to change retirement benefits through an election rather than arbitration.
Read More →It's competitive out there, and I know you want the job. So learn the kinks in the process. Don't fall for them. Instead, work your plan as an intelligent job applicant.
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Some citizens are quick to blame police officers themselves for pension funding issues, not understanding the underlying causes. This is why the prospect of citizens who are uninformed or misinformed voting on pension issues is worrisome.
Read More →Public employees typically have access to a defined benefit pension, which may not include Social Security, or a defined contribution savings plan. Learn the difference between the two.
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You can't turn on the television these days without hearing about the economic crisis that's affecting not only the U.S., but the entire world. So it stands to reason that many retirement funds are suffering as a result. Some public sector pension plans are relatively unaffected, while others were too fragile to weather the financial storm.
Read More →There has likely never been a more aggressive and contested petition drive in San Diego history than the one under way to put an initiative before voters that would end guaranteed pensions for most new city hires and give them 401(k)s instead.
Read More →San Diego's employee retirement board is voted to lower the pension rate guarantee from 7.75 percent to 3.54 percent effective July 1.
Read More →A strong and generous pension is the least society can do for your years of service.
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