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Tag Archives: pensions

Teachers union rejects pension commission proposals

The state teachers union is rejecting most of the final recommendations of the special pension commission, particularly its proposal to shift half the funding of pensions onto county school boards or governments. In a strong letter to the governor and ...

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Verizon land line workers take to picket line

Thousands of Verizon landline workers took to picket lines Monday from Massachusetts to Baltimore to Virginia, fighting management demands for contract givebacks and disputing that their work is unprofitable. Verizon Communication Inc. countered that its 45,000 unionized workers in the ...

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State pension system investments post strong gains in FY ‘11

The cash and investments Maryland uses to pay retirement benefits to its former employees increased to $37.5 billion in fiscal 2011, a $6 billion gain that came during a time of strong growth and recovery in the stock market. The ...

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Week in review: 7/22/11

Borders to close as markets shift The closure of all 399 Borders bookstores nationwide, including 18 in Maryland, not only dramatically illustrates changes in the highly competitive publication industry, experts said this week, but also reveals the delicate relationship between large ...

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State pensions get $73M win

A decades-old error by its former actuarial firm cost the Maryland State Retirement System $73 million in lost earnings and contributions — money the firm must now repay in full, the state’s highest court has held. Milliman Inc. did not ...

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State judges’ pensions survive other cuts

While the governor and legislature this year raised what state workers and teachers pay into their pension plans and cut benefits for future employees, the state’s most generous retirement plan survived completely unscathed — the pensions for judges. The 351 ...

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Law blog roundup

Happy Monday. Get your week going with a dose of legal links below: Local lawyer and blogger named in a lawsuit (along with more than 70 others) for blogging about a lawyer’s missteps in trial. Maryland judges’ pensions remain intact, ...

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Union rally expected to draw thousands in Annapolis

ANNAPOLIS — The director of Maryland’s largest union for state employees says between 5,000 and 10,000 people are expected to attend a rally in Annapolis to protest pension changes. Patrick Moran, director of the Maryland chapter of the American Federation ...

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