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Home    Membership    Education    Annual Conference    Publications & Resources Jan. 24, 2013

City Council votes to set up trust fund for municipal employees
The Lowell Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Lowell, Mass.'s City Council recently voted unanimously to set up a trust fund to pay for post-employment benefits for its municipal employees. The Council's 9-0 vote to accept a state statute to set up the trust fund will allow the city to start putting aside money to pay for retiree health care, the biggest potential budget buster. More

Retirees may not need city health insurance
Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Retiree Health Benefits Commission recently delivered recommendations to Mayor Emanuel regarding future benefits for certain classes of former city employees. The most promising proposal — and surely its most controversial — would end the city's comprehensive retiree health-insurance plan, which primarily covers retirees under age 65. More

Advocates push idea of requiring gun insurance
The Associated Press via KTIV-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As lawmakers cast around for ways to curb gun-related violence, some are hoping the insurance market might offer incentives. A bill filed recently in Massachusetts would require gun owners to purchase liability insurance in the event that a firearm is used to injure. More

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Hawaii to pay $100 million for unfunded liabilities
Hawaii News Now    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Hawaii Gov. Neil Abercrombie recently unveiled a plan to spend $100 million dollars next year to pay down future obligations to state workers and retirees. The problem is, the state's unfunded liabilities for state workers pensions and health care now stands at about $20 billion and is projected to top $37 billion over the next 12 years. More

Experts: Earthquake insurance covers fracking
Ellwood City Ledger    Share    Share on FacebookTwitterShare on LinkedinE-mail article
If you want your homeowner's insurance to also cover fracking-related incidents, you're going to have to buy earthquake insurance, experts say. "If you want to be covered in the event of an earthquake or earth movement, the homeowner has to buy either a (rider) to their existing standard homeowner's policy or a freestanding earthquake policy," said Mike Barry, vice president of media relations at the Insurance Information Institute, a national nonprofit institute funded by the insurance industry. More

Training with Advanced Technology
The International SKIDCAR Conference is approaching, focused on teaching attendees to save money by creating more time efficient, cost effective, and valid driver training programs.

Residents flooded by line break want city aid
Corvallis Gazette-Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As many as 30 households might have been affected by the Harding neighborhood water main break, and the city of Corvallis, Ore., is working with its insurance carrier on how to deal with claims from residents who said their repair bills exceeded $5,000. More

Report: Portland's public safety pension liability has risen 16 percent in 2 years
The Oregonian    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Portland's public safety pension liability has risen 16 percent in two years to $2.9 billion, according to an actuarial report presented recently. The figure represents the present value of future benefits already earned by members of the Portland Fire and Police Disability and Retirement Fund. More

Retaliation: The definition is expanding
We surveyed our 8,000+ clients about Retaliation in the Workplace. See what they said!

Midwest City Council in Oklahoma votes to close public tornado shelters
KWTV-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With the start of tornado season just a few months away, Midwest City, Okla., leaders are saying no to public tornado shelters. You will no longer be allowed to take cover at the Reed Center or the city's other two shelter locations. More

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