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On PA pensions, plenty of ideas but none catching fire with lawmakers

By Eric Boehm | PA Independent HARRISBURG — There is little disagreement that Pennsylvania’s $47 billion-and-growing public pension debt represents a serious threat to the financial future of the...

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NJ prosecutor disobeys law; repo cop gets disability pay

PROSECUTOR AND THE BEAR: Mercer County prosecutor Joseph Bocchini Jr., left, and Joe Derrico, the “disabled” Hamilton cop turned roughhousing repo man on reality TV.   NJ prosecutor disobeys law; TV...

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For PA municipalities, it’s about seeking change, not dollars

By Melissa Daniels | PA Independent HARRISBURG — Across Pennsylvania, times are tough for local governments. About 41 percent of the state’s population live in a municipality facing some kind fiscal...

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NJ assembly bill aims to end double dips by retired school chiefs

END IT:Assemblyman Ralph Caputo, D-Essex, Is pushing a bill to stop retired school administrators from double-dipping by collecting both pensions and salaries from post-retirement school jobs.   By...

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PA Week in Review: Budget-making in a broke city

By PA Independent HARRISBURG — In a capital city teetering on the brink of bankruptcy, and the first city in the nation to be charged by the federal Securities and Exchange Commission with misleading...

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Police union says Dem proposal on collective bargaining is retaliation

By M.D. Kittle | Wisconsin Reporter MADISON – “Sour grapes.” That’s how Jim Palmer, executive director of the Wisconsin Professional Police Association sums up a proposal that would bring cops and...

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Unions say no changes needed as $47 billion unfunded liability grows

By Eric Boehm | PA Independent HARRISBURG – For the chairman of the Senate Finance Committee, the big picture is also the bottom line. The nuts and bolts of pension reform are a complicated mix, which...

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Future credit-rating downgrades among unseen costs of PA pension crisis

By Eric Boehm | PA Independent HARRISBURG — When looking at Pennsylvania’s pension crisis, some of the problems are obvious — like $47 billion that is owed to current workers and retirees. Other costs...

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Pension reforms ready to move, even as state plans underfund

By Eric Boehm | PA Independent HARRISBURG – It’s the last of Gov. Tom Corbett’s three major policy initiatives to leave the starting blocks, but reforms to the state’s public pension systems will...

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PA senators aim to put all new state workers in 401(k) plan

By Eric Boehm | PA Independent HARRISBURG – A pared version of a Republican-backed public pension overhaul would move most newly hired state workers and public school employees into a defined...

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In Pennsylvania, Corbett’s window for major policy win is closing

By Eric Boehm | PA Independent HARRISBURG – He might see it as the end of the first quarter, but time is quickly running out – if it hasn’t already – on Gov. Tom Corbett. Last weekend’s collapse of...

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PA Week in Review: Budget season postmortems highlight a tough week gov.

By PA Independent Staff HARRISBURG — The fallout from the state budget continues this week, as lawmakers take heat for failing to deliver several major policy objectives. And Gov. Tom Corbett has...

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Santa Fe cries foul after Moody’s considers credit downgrade for pension debt

IS IT REALLY THAT BAD?: The Moody’s ratings service has serious questions about four New Mexico communities. By Rob Nikolewski │ New Mexico Watchdog SANTA FE – One of Wall Street’s highly-regarded bond...

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VRS won’t talk, will respond to FOIA requests over Star Scientific

NO: The Virginia Retirement System has denied Watchdog.org an interview with Director Robert Shultze over investments in Star Scientific. By Kathryn Watson | Watchdog.org, Virginia Bureau ALEXANDRIA —...

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Nine sputtering cities may follow rusted, busted Detroit

By Eric Boehm | PA Independent ALEXANDRIA, Va. — Detroit might have captured national headlines by declaring bankruptcy, but it is not the first — and probably not the last — city to face financial...

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Detroit bailout would be bad news for creditors and taxpayers, economist says

BAILOUT DEBATE: The shuttered Metropolitan Building in Detroit is a symbol of the city’s past glory. Now a debate over the city’s bankrupt status includes arguments over a federal bailout. By Rob...

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Gov. Chrisitie’s fraud squad should start with Guadagno case

By Mark Lagerkvist │ New Jersey Watchdog New Jersey Gov. Chris Christie’s new pension fraud squad won’t need to look far to find their first case. They could start by examining a $245,000 pension abuse...

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PA Week in Review: Corbett fighting through more hard times

By PA Independent Staff HARRISBURG — With the Legislature gone for the summer and no major campaigns in the state this year, Gov. Tom Corbett is at the center of the show in Harrisburg — whether he...

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Philly’s school funding crisis driven by pensions, and it’s only going to get...

By Eric Boehm | PA Independent HARRISBURG — As the Philadelphia School District scrambles to come up with enough cash to open for students in September, a new report suggests the city’s school funding...

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Top senator: Axe pensions for private lobbyists

By Eric Boehm | PA Independent HARRISBURG — A small group of private-sector employees, including a few lobbyists, are eligible for taxpayer-funded pensions in Pennsylvania. Thanks to a decades-old...

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