The pending expiration of federal contribution relief and increasing longevity mean U.S. corporations face the need for large contributions to their pension plans in coming years.
June 29, 2015
New Jersey Gov. Chris Christie on Friday used a line-item veto to reduce the amount of money approved by the Legislature for a state payment to the $79.2 billion New Jersey Pension Fund, Trenton, for ...
June 26, 2015 | 03:38 pm
A bill to extend the deadline of a $634 million payment to the Chicago Public School Teachers’ Pension & Retirement Fund will be called for another Illinois House vote on June 30.
June 23, 2015 | 04:53 pm
Officials from Florida and North Carolina described their states' healthy defined benefit plans at Pensions & Investments' Global Future of Retirement conference in New York on Monday, but a ...
June 15, 2015 | 04:39 pm
As the deadline looms, the Chicago Public School Teachers' Pension & Retirement Fund expects the Chicago Public Schools Board of Education to contribute the full $634 million due before the close of...
June 12, 2015 | 04:03 pm
Pension funds that cannot afford to take higher risk to help plug growing deficits should turn to their employer for increased contributions, so they do not have to extend their recovery plan end...
May 22, 2015 | 01:15 pm
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 ...