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FILE--In this Oct. 12, 2006 file photo, Detroit's skyline is shown. The historic restructuring of Detroit through bankruptcy is taking a crucial step by putting its plan before the people most affected: roughly 30,000 retirees and city employees. Monday, May 12, 2014 was the deadline for ballots to have been sent to those who qualify for pensions, and should be arriving by mid-week. Detroit is proposing to cut pensions by 4.5 percent and eliminate cost-of-living payments. Retired police officers and firefighters have a better deal that trims only the cost-of-living payments. (AP Photo)
Business

Critical pension deal put before Detroit employees

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New York pension fund estimate reaches $176 billion

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Detroit Emergency Manager Kevyn Orr, center, talks to reporters outside the Governor's office at the Michigan Capitol in Lansing, Mich., Tuesday, April 29, 2014. Orr made his first pitch of the city’s debt-cutting plan to lawmakers Tuesday and planned to return to the Capitol on Wednesday for more meetings with legislative leaders. The Legislature’s financial support is seen as crucial to getting retiree groups to settle their pension claims and speed Detroit’s exit from bankruptcy by October. (AP Photo/Detroit News, Dale G. Young)

Michigan House forms panel for Detroit bankruptcy

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Education

New York court limits privacy of teacher pension records

Associated Press -
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Lou Tashash, owner and president of R-D Manufacturing Inc., poses at his precision sheet manufacturing business in East Lyme, Conn. Tashash, who employs 14 workers, is lobbying legislators to kill a measure to establish a state-run pension plan, which he sees as a burdensome mandate. Lawmakers in Connecticut and other states are responding to a widespread loss of private-sector pensions, a lack of access to employer-sponsored retirement accounts in smaller businesses and stagnant incomes that make it hard for workers to contribute to their own retirement plan or company account. (AP Photo/Jessica Hill)

Connecticut public pension legislation now a study

Stephen Singer -
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Lou Tashash, owner and president of R-D Manufacturing Inc., left, watches break operator Scott Finlayson work at his precision sheet manufacturing business in East Lyme, Conn. Tashash, who employs 14 workers, is lobbying legislators to kill a measure to establish a state-run pension plan, which he sees as a burdensome mandate. Lawmakers in Connecticut and other states are responding to a widespread loss of private-sector pensions, a lack of access to employer-sponsored retirement accounts in smaller businesses and stagnant incomes that make it hard for workers to contribute to their own retirement plan or company account. (AP Photo/Jessica Hill)

States seek a spot in retirement plan landscape

Stephen Singer -
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Students walk past the Alma Mater statue, a landmark on the University of Illinois campus in Urbana, Ill. Public universities in Illinois are bracing for waves or retirements because a state pension-reform law will sharply cut their retirement funds. (AP Photo/David Mercer)
Education

Illinois schools struggle to soften pension losses

David Mercer -
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After a debate ranging from space exploration to foster children, lawmakers approved final spending on programs and construction projects for fiscal 2014-15 and sent the budget to Gov. Neil Abercrombie. (AP Photo/Oskar Garcia)

Hawaii lawmakers pass $12.1 billion budget with reduced spending

Cathy Busswitz -
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The poor performance in Pennsylvania tax collection is a sobering development for Gov. Tom Corbett and lawmakers as they try to craft a budget during an election year. (AP Photo/Matt Rourke, File)

Pennsylvania tax collections down, sending state into deeper shortfall

Associated Press -
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Survivors of the Battle of Ia Drang greet each other during a Veterans Day ceremony at the Vietnam Veterans Memorial on the National Mall November 11, 2005 in Washington. (Photo by Brendan Smialowski/Getty Images)
Op-Eds

Military retirement changes must be fair to service members

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