Pension contributions

Bill dies in Texas House that would have raised firefighters’ pension fund contributions

Bill dies in Texas House that would have raised firefighters’ pension fund contributions

A bill to increase Houston firefighters’ pension contributions and save the city more than $70 million in pension payments over the next three years fell apart after failing to reach a full...

May 21, 2015 | 01:21 pm
Maryland governor wants to spend more on pension underfunding

Maryland governor wants to spend more on pension underfunding

Maryland Gov. Larry Hogan said Thursday he will make an additional contribution toward the state's unfunded pension liability.

May 15, 2015 | 02:26 pm
UPDATED: Chicago's pension funds by the numbers

UPDATED: Chicago's pension funds by the numbers

On Tuesday, Moody's Investors Service downgraded the city of Chicago's credit rating to junk. In light of the Illinois Supreme Court's May 8 ruling that deemed the state's 2013 pension reform law...

May 13, 2015 | 02:55 pm

Colorado House passes bill to issue pension bonds

The Colorado House of Representatives passed a bill to issue up to $12 billion in pension obligation bonds for the $45 billion Colorado Public Employees' Retirement Association.

May 04, 2015 | 04:12 pm
Kansas governor signs bill to issue $1 billion in pension bonds

Kansas governor signs bill to issue $1 billion in pension bonds

Kansas Gov. Sam Brownback signed off on a bill to issue $1 billion in pension obligation bonds for the $16 billion Kansas Public Employees Retirement System, Topeka.

April 17, 2015 | 04:11 pm
Moody's further downgrades New Jersey bonds, citing pension shortfalls

Moody's further downgrades New Jersey bonds, citing pension shortfalls

Moody's Investors Service downgraded New Jersey's general obligation bonds by one notch to A2, citing the state's “weak financial position and large structural imbalance, primarily related to...

April 17, 2015 | 02:47 pm

Wilshire: S&P 500 funded status plummets in 2014 despite strong returns

The aggregate funded status for pension plans sponsored by S&P 500 companies fell 720 basis points to 82.5% in 2014 as liability growth outpaced assets, said an annual report from Wilshire Consulting.

April 16, 2015 | 04:03 pm
MassPRIM expects 3.3% reduction in fiscal year 2016 budget

MassPRIM expects 3.3% reduction in fiscal year 2016 budget

Massachusetts Pension Reserves Investment Management Board, Boston, projects a 3.3% reduction in its fiscal year 2016 budget — a decrease of $12 million from fiscal 2015, said Nicole Giambusso, ...

April 07, 2015 | 03:18 pm
N.J. high court sets date for oral arguments on Christie pension contribution cut

N.J. high court sets date for oral arguments on Christie pension contribution cut

The New Jersey Supreme Court set oral arguments for May 6 to hear a challenge by more than a dozen public employee unions against Gov. Chris Christie's withholding $1.57 billion in contributions from ...

April 06, 2015 | 03:56 pm

New settlement proposed in Rhode Island pension overhaul lawsuit

A new proposed settlement to end litigation against Rhode Island’s state pension overhaul was revealed in court on Thursday.

April 03, 2015 | 03:37 pm
Kansas General Assembly passes bill for $1 billion pension bond issuance

Kansas General Assembly passes bill for $1 billion pension bond issuance

The Kansas General Assembly passed a bill to issue $1 billion in pension obligation bonds for the $16 billion Kansas Public Employees Retirement System.

April 03, 2015 | 01:08 pm
Kansas House approves $1.5 billion in pension obligation bonds

Kansas House approves $1.5 billion in pension obligation bonds

The Kansas House of Representatives voted Wednesday to issue $1.5 billion in pension obligation bonds for the Kansas Public Employees Retirement System, Topeka.

March 26, 2015 | 01:35 pm
S&P: Public pension funds dictating state budgets, policy and credit ratings

S&P: Public pension funds dictating state budgets, policy and credit ratings

Public pension funds will continue to shape public policy, budgets and potentially credit quality for states, said a report from Standard & Poor's.

March 24, 2015 | 04:00 pm
Moody's: Public fund contributions not enough to stem liability growth

Moody's: Public fund contributions not enough to stem liability growth

New GASB standards reveal “contribution weaknesses” in public pension funding, but their impact on credit ratings is minimal, said a report from Moody's Investors Service.

March 17, 2015 | 03:27 pm

U.K. companies increasing pension fund amortization periods

Companies are increasingly lengthening their pension fund amortization periods by three years or more in an effort to relieve pressure on repairing funding gaps, new research shows.

March 16, 2015 | 01:22 pm