Posts Tagged ‘national’

Kick Off Pensions

Replacement officials will referee NFL games because, according to reports:

A wedge also continues to exist over the NFL’s proposal to revise the officials’ defined pension benefit, with the league rejecting a counter-offer to include a “grandfather clause” provision. The NFL has proposed to freeze pensions, with further retirement benefits incorporated into a 401(k) plan.

Interesting because that’s exactly what the NJ Taxpayers Association is proposing for the state plan.  Why would NFL officials balk and what is the lesson here?

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Pensions as the real issue in NBA Lockout

If it were about revenue sharing or a luxury tax we could expect to see professional basketball soon since those issues are negotiable.

But it’s not.  It’s about pensions and unfunded liabilities that over the term of the new CBA will bankrupt either the league or the teams that have to pay withdrawal liability.

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