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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: Mary Pat Clarke, Retirement, Labor Legislation, Howard County, Government

    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: Lawyers, Tea Party Movement, Parties and Movements, Interior Policy, Judges

    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: California Public Employees' Retirement System, Robert L. Ehrlich Jr., National Government, Financially Distressed Companies, Government

    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: Retirement, Labor Legislation, Government, Finance, Interior Policy

    5. Apr 25, 2013 |Story| Patuxent Homestead

  5. 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: Labor Legislation, Finance, Public Finance, Employment, Energy Saving

    6. Apr 25, 2013 |Story| Patuxent Homestead

  6. 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: Bel Air (Harford, Maryland), Judges, Lawyers, Elections, Justice System

    7. Apr 7, 2013 |Column| Baltimore Sun

  7. How the welfare state has grown — and sapped America's economy and culture

    "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." — Thomas Jefferson
    "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." — Thomas Jefferson My recent column on the challenges associated with the Social...

    Tags: State of the Union Address, Culture, Labor Legislation, Business Enterprises, Lyndon B. Johnson

    8. Apr 25, 2013 |Story| Baltimore Sun

  8. 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: Safety of Citizens, Stephanie Rawlings-Blake, George Nilson, Government, Health and Safety at Work

    9. Apr 17, 2013 |Story| Patuxent Homestead

  9. 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, Interior Policy, Annapolis

    10. Apr 11, 2013 |Story| Baltimore Sun

  10. 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: Economic Organization, Robert L. Ehrlich Jr., Lyndon B. Johnson, Trade Dispute, Interior Policy

    11. Mar 6, 2013 |Story| Baltimore Sun

  11. Audits detail fiscal problems of city phone system, pensions

    Audits released Wednesday offered new details about two of the city's ongoing financial problems: money wasted by the outdated municipal phone system and the unfunded liabilities of the Police and Fire departments' pension plans.
    Audits released Wednesday offered new details about two of the city's ongoing financial problems: money wasted by the outdated municipal phone system and the unfunded liabilities of the Police and Fire departments' pension plans. The independent HPA...

    Tags: Retirement, Government, Finance, Interior Policy, Local Government

    12. Feb 25, 2013 |Story| Baltimore Sun

  12. Mossburg fails math on pensions

    Marta Mossburg once again gets it wrong on public employee pensions, incorrectly claiming the state pension system suffered a poor rate of return ("On state pensions, 'Everyone else is doing it' is no excuse," Feb. 13). She does this by cherry picking a few numbers and willfully ignoring the most important facts.
    Marta Mossburg once again gets it wrong on public employee pensions, incorrectly claiming the state pension system suffered a poor rate of return ("On state pensions, 'Everyone else is doing it' is no excuse," Feb. 13). She does this by cherry picking a...

    Tags: AFSCME, Employees, Interior Policy

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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