Blogs
Nerighborhood Effects | Municipal pension news: Baltimore to offer DC plan
Earlier this month, Baltimore’s city council approved a measure to give the city’s workers a choice between a defined contribution or defined benefit plan plan. According to Pensions and Investments, new hires will contribute 5 percent of their salary to whichever plan they choose, a significant increase from the 1 percent that workers were required to begin contributing to the city’s pension system last year.
Washington Post | ‘Federal judge strikes down D.C. budget autonomy law, says only Congress can act’
The District’s bid to win more spending freedom from Congress through a ballot referendum is not legally permissible, a federal judge ruled Monday, dealing a setback to officials who argued that voters had the power to amend the city’s charter and change its relationship with overseers on Capitol Hill.
