The Dallas City Council passed a new budget for the 2013-14 fiscal year, as required by law. And though the economy is improving, the vote was not without controversy.
A state district judge in Austin has rejected a lawsuit that sought to discover how much retired lawmakers as a group are collecting in state pensions.
A bill filed in the Texas House would prohibit state elected officials from “double-dipping,” or officially retiring to collect their pensions while still drawing a salary.
The Fort Worth Police Association took its battle to keep its pension to the public. It sent out 15,000 mailers saying a new plan tells police not to risk their lives to save citizens because it’s too expensive.
The NHL Players Association made a number of presentations to owners on Thursday, as talks between the union and the NHL concluded for the week.
American Airlines wants to eliminate 1,200 nonunion jobs as it cuts costs while under bankruptcy protection.
American, which is based in Fort Worth, told employees of the decision Wednesday.
Fort Worth Democrat Lon Burnam wants to stop the hidden perk of pension ‘double dipping’, reserved exclusively for elected officials, and he plans to file legislation that would reveal which Texas politicians are doing it.
General Motors Co. (GM) plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort to hold down expenses.
The federal pension-insurance agency is increasing pressure on American Airlines to save its retirement plans instead of dumping its pension obligations.
Federal officials say American Airlines contributed only $6.5 million of the $100 million it was supposed to pay into employee pension plans this week.
A personal financial disclosure form that presidential candidates are required to file shows that Perry is collecting his $7,700 monthly state pension.