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Pension risks point to higher 2016 borrowing costs for some U.S. cities

Business & Finance : Business Insider: Clusterstock

By Hilary Russ NEW YORK (Reuters) - Some U.S. cities may have to pay higher interest rates to borrow money in 2016 as they contend with a host of new pressures on their underfunded public pensions, including new reporting rules and ...

Robin Hood in Reverse

Politics / UK Politics : Action 4 Equality Scotland

The local government pension rules changed some years ago to introduce a 'career average' rather than a 'final salary' scheme which is much fairer, if you ask me. Because the old arrangements benefited the higher earners rather than...

Despite L.A.'s boasts of pension reform, the cost to taxpayers has never been higher

Business & Finance : Money & Co

Los Angeles officials often boast about how they stemmed the rising cost of employee pensions, an expense that has hobbled cash-strapped cities throughout California. Former Mayor Antonio Villaraigosa said changes he oversaw in 2011...

California Cities Facing Growing Pension Costs in New Year: New at Reason

News : Reason

2017's not going to be a good year for pensions in California. Steven Greenhut writes: After two years of minuscule investment returns, the nation's largest state pension fund—the California Public Employees' Retirement System—has o...

L.A. faces skyrocketing costs for lawsuits over bike crashes

Issues & Causes / Environmentalism : Greenspace

Faced with a string of lawsuits over grisly crashes, the city of Los Angeles paid out more than $19 million last year to cyclists and their families for injuries and deaths on local streets. The amount is nearly four times higher th...


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