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Pension and Welfare

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

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    May 21, 2013 |Story| Baltimore Sun

  1. Council to consider mayor's proposed pension changes

    With the city retirement system short hundreds of millions of dollars in unfunded liabilities, officials say they are likely to begin requiring municipal employees to contribute to their pensions.
    With the city retirement system short hundreds of millions of dollars in unfunded liabilities, officials say they are likely to begin requiring municipal employees to contribute to their pensions. "Pretty much everyone is in agreement that it's fair,"...

    Tags: Civil and Public Service, Health and Safety at Work, Finance, Carl Stokes, Interior Policy

    2. May 21, 2013 |Story| Baltimore Sun

  2. At heart of IRS scandal: flawed 501(c)(4) rules

    Congress passes laws and usually the appropriate agency can write regulations implementing the law. However, the regulations cannot contradict the law. Nevertheless, with respect to the tax law provision 501(c)(4), that is exactly what happened. Under this provision, the government provides a tax exemption to nonprofit organizations who operate exclusively for social welfare ("White House aide: Obama didn't know of IRS policy," May 20). The implementing regulation and the advice from the IRS is self-contradictory. First, the IRS states that "To be tax-exempt as a social welfare organization described in Internal Revenue Code (IRC) section 501(c)(4), an organization must not be organized for profit and must be operated exclusively to promote social welfare."
    Congress passes laws and usually the appropriate agency can write regulations implementing the law. However, the regulations cannot contradict the law. Nevertheless, with respect to the tax law provision 501(c)(4), that is exactly what happened. Under...

    Tags: Taxation, Lawyers, Internal Revenue Service, Interior Policy, U.S. Congress

    3. May 19, 2013 |Column| Baltimore Sun

  3. How not to run a local government

    One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor.
    One of the more enjoyable aspects of my public career was an excellent relationship with public safety unions. Law enforcement, fire and EMT groups were supportive of my races for the state legislature, Congress and governor. Although not unheard of,...

    Tags: Health and Safety at Work, Finance, Safety of Citizens, Interior Policy, U.S. Congress

    4. Apr 29, 2013 |Story| Baltimore Sun

  4. Mayor's bill would require city workers to pay into pensions

    With the pension system for City Hall workers facing nearly $700 million in unfunded liabilities, Mayor Stephanie Rawlings-Blake is introducing legislation today that would require employees to start contributing part of their salaries to the fund.
    With the pension system for City Hall workers facing nearly $700 million in unfunded liabilities, Mayor Stephanie Rawlings-Blake is introducing legislation today that would require employees to start contributing part of their salaries to the fund....

    Tags: Civil and Public Service, Health and Safety at Work, Finance, Safety of Citizens, Interior Policy

    5. Apr 25, 2013 |Story| Baltimore Sun

  5. Board questions deputy mayor's place in fire pension system

    Members of Baltimore's fire and police pension board are questioning whether one of Mayor Stephanie Rawlings-Blake's top aides should remain part of the lucrative pension system that covers sworn public safety officers.
    Members of Baltimore's fire and police pension board are questioning whether one of Mayor Stephanie Rawlings-Blake's top aides should remain part of the lucrative pension system that covers sworn public safety officers. Administration officials say...

    Tags: Government, Health and Safety at Work, Safety of Citizens, Stephanie Rawlings-Blake, Interior Policy

    6. Apr 25, 2013 |Story| Patuxent Homestead

  6. Harford council reviews school budget request, hears pleas for more money

    Harford County Public Schools officials appealed to the members of the Harford County Council Thursday morning to fully fund their request for $241 million from the county for their Fiscal Year 2014 operating budget. Harford County Executive David R....

    Tags: High Schools, Public Finance, Interior Policy, Energy Saving, Elementary Schools

    7. Apr 25, 2013 |Story| Patuxent Homestead

  7. Harford council's foibles on Bel Air Walmart bill defy logic [Commentary]

    Has there ever been an event so bizarre as the most recent Harford County Council meeting on April 16, when zoning legislation thinly disguised as a means to stop the planned Bel Air South Walmart "died," after failing to receive a seconding motion? I...

    Tags: Justice System, Lawyers, Bel Air (Harford, Maryland), Judges, Interior Policy

    8. Apr 17, 2013 |Story| Patuxent Homestead

  8. Ulman says transportation bill will have biggest impact on Howard

    The transportation package passed by the General Assembly, including an increase in the gas tax, will have the most immediate impact on Howard County residents, but legislation out of Annapolis this year has little effect on the county budget, according to County Executive Ken Ulman.
    The transportation package passed by the General Assembly, including an increase in the gas tax, will have the most immediate impact on Howard County residents, but legislation out of Annapolis this year has little effect on the county budget, according...

    Tags: Budgets and Budgeting, Annapolis, Interior Policy

    9. Apr 11, 2013 |Story| Baltimore Sun

  9. How Republicans raided the welfare state and left it flat broke

    I would like to add some points to former Gov. Robert L. Ehrlich's column "How the welfare state has grown" (April 7).
    I would like to add some points to former Gov. Robert L. Ehrlich's column "How the welfare state has grown" (April 7). Mr. Ehrlich fails to mention the fact that every president since Lyndon Johnson, beginning in 1964, has raided the Social Security...

    Tags: Ronald Reagan, Social Security, Lyndon B. Johnson, Interior Policy, U.S. Congress

    10. Mar 13, 2013 |Story| Baltimore Sun

  10. Corporate welfare for Lockheed Martin

    At this time of severe cutbacks in government funding for food stamps, early childhood education and Meals on Wheels, some Maryland legislators are hard at work looking out for the welfare of one of the world's wealthiest corporations. Under a bill advancing in the General Assembly, the Lockheed Martin Corp. would have the taxes on its luxurious Bethesda hotel and conference center reduced by approximately $450,000 a year. An earlier version of the legislation also included a $1.4 million refund for the period since 2010.
    At this time of severe cutbacks in government funding for food stamps, early childhood education and Meals on Wheels, some Maryland legislators are hard at work looking out for the welfare of one of the world's wealthiest corporations. Under a bill...

    Tags: General Contracting, Head Start, Maryland General Assembly, Lockheed Martin Corp., Interior Policy

    11. Mar 11, 2013 |Story| Baltimore Sun

  11. Mismanaged Maryland

    There is a sharp disconnect between the image and reality of the O'Malley administration's fiscal policies. The image features pension reforms, reduced structural deficits, a rainy day fund, and protection of programs. The reality includes deferred maintenance, transfer of costs to local governments, "Medicaid cuts" that shift costs to hospitals and the privately insured, revenue bond financing for core functions, failure to curb pensions and health benefits, raids on open space and Injured Workers' Insurance Fund revenues, over-reliance on gambling (both literally and within the state's pension funds), and set-asides for public employee and construction unions and politically engaged businesses and investment bankers — payoffs funded by kicking the can down the road.
    There is a sharp disconnect between the image and reality of the O'Malley administration's fiscal policies. The image features pension reforms, reduced structural deficits, a rainy day fund, and protection of programs. The reality includes deferred...

    Tags: Warren Buffett, Michael Bloomberg, Finance, Annapolis, Interior Policy

    12. Mar 9, 2013 |Story| Baltimore Sun

  12. City school police seek better benefits for injuries in line of duty

    When city school police officer Joseph Baribeault attempted to arrest two combative students at the old Greenspring Middle School, he ended up injured at the bottom of two flights of concrete stairs.
    When city school police officer Joseph Baribeault attempted to arrest two combative students at the old Greenspring Middle School, he ended up injured at the bottom of two flights of concrete stairs. Even though the city has acknowledged his disabilities...

    Tags: Health and Safety at Work, Social Security, Injuries and Wounds, Students, Safety of Citizens

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Pension and Welfare Photos
States nationwide have badly underfunded pension plans.
(April 29, 2013)
States nationwide have badly underfunded pension plans.
Welfare benefits changes
(April 22, 2013)
Welfare benefits changes
Kim Matthews has joined Northern Trust's Multi-Manager...
(March 4, 2013)
Kim Matthews, pension risk strategist, Northern Trust
 » All 39 Pension and Welfare photos