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 Gov. Larry Hogan said Thursday he will make an additional contribution toward the state's unfunded pension liability.
May 15, 2015 | 02:26 pm
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
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 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 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
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
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
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
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
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
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
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
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
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.