Pension Fund
Peduto Introduces Bill To Keep Nighttime Parking Free
Free parking is the norm at most suburban shopping malls, but those who shop in Downtown Pittsburgh or the city’s seven neighborhood business districts have to pull out the quarters to park their cars at metered spots, at least during the daytime. Evening parking has been free, but that changes in 2013 unless City Council acts.
Increased Parking Rates Not Helping City’s Pension Fund
If you park in the city, you know that the rates have gone up as city parking taxes have gone to bail out its grossly underfunded pensions. But even that added burden turns out not to be enough to set the pensions right.
City Council Votes To Roll Back Parking Meter Enforcement
Pittsburgh City Council has unanimously given final approval to a bill that will roll back parking meter enforcement hours.
City Pension Plan Not Sitting Well With State
A plan to generate hundreds of millions of dollars toward the city’s depleted pension fund is not getting high marks from the state. A new report said that plans to get pensions at least half-way funded are not enough.
5 City Workers Being Paid To Sit At Home
PITTSBURGH (KDKA) – The city pension plan is grossly underfunded and is in dire need of a cash infusion. However, what you haven’t heard much about is how the city got into this mess. One […]
City Council Passes Pension Rescue Plan
PITTSBURGH (KDKA) — City Council met Friday to put the final touches on a plan to save the pension fund from a state takeover. They passed the latest plan to dedicate nearly $735.7 million in […]
City Council Passes Another Plan To Save Pension Fund
PITTSBURGH (KDKA) — City Council passed another plan to keep the state from taking over the city’s pension fund Wednesday. After summoning the mayor to their meeting, they quickly learned that he was not on […]
Mayor, City Council Meet Over Pension Fund
PITTSBURGH (KDKA) – The clock is ticking to avoid a state takeover of Pittsburgh’s pension fund. A solution must be found by the end of the year in order to do so. City Council called […]
New Pension Rescue Plan Means Higher Parking Rates
PITTSBURGH (KDKA) — As the clock ticks down to midnight on Friday when the state takes over the city’s pension fund, some members of city council tried a last ditch effort to avoid that takeover. […]
Council Considers New Resolution To Pension Crisis
PITTSBURGH (KDKA) – There are only a few days left until the state is set to take control of Pittsburgh’s pension fund. On Tuesday, some members of City Council made a last-minute proposal to avoid […]
Time Running Out For City Pension Fund Compromise
PITTSBURGH (KDKA) — Time has just about run out for the city to craft it’s own solution to it’s grossly-underfunded pension mess, but both the mayor and council remain dug in on how best to […]
Mayor Calls Special Meeting Over Pension Fund
Mayor Luke Ravenstahl has called for a special, public meeting next week to talk more about the plans to fund the city’s pensions. There’s been plenty of drama through the week over parking and pensions, […]
City Council Votes Down Mayor’s Parking Plan
Pittsburgh City Council officially voted down Mayor Luke Ravenstahl’s controversial plan to lease out the city’s parking garages and meters Tuesday morning. The result of the vote did not come as a surprise after a […]
Ravenstahl: State Takeover Of Pension Fund Likely
While Pittsburgh Mayor Luke Ravenstahl was off meeting with high-powered business leaders in Asia, his plan to lease the city’s parking garages and meters quickly unraveled. “It’s pretty clear where council stands,” he said. There […]
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