U.S. public pension plan funding levels saw modest improvement in 2015, rising to 74% from 73% the previous year, said a report released Thursday by the Center for State and Local Government...
June 16, 2016 | 03:37 pm
Moody’s Investors Service and Standard & Poor’s Ratings Services downgraded Illinois’ credit over concerns about the political gridlock that is impeding the state from getting its...
June 09, 2016 | 01:17 pm
The funded status of the typical U.S. corporate defined benefit plan rose 30 basis points to 80.2% in May as assets rose faster than liabilities, said the BNY Mellon Institutional Scorecard on...
June 09, 2016 | 02:48 pm
NISA Investment Advisors' Pension Surplus Risk index fell 30 basis points in May to 8.8%, mainly due to a drop in return-seeking asset volatility.
June 08, 2016 | 12:08 pm
The funded status for U.S. corporate pension plans remained relatively unchanged in May, said reports from Mercer, Wilshire Consulting and Legal & General Investment Management America.
June 03, 2016 | 03:09 pm
Puerto Rico's largest retirement plan will run out of money in about a year unless contributions to the system increase, according to the latest audited report.
June 03, 2016 | 11:18 am
Slower repayment of unfunded pension liabilities raises the risk that a pension plan will become severely underfunded and future taxpayers will be stuck with higher contributions, said a report...
June 02, 2016 | 03:46 pm
The total deficit of all corporate defined benefit funds in the U.K. increased 5.4% in May, to a record £310 billion ($453.7 billion) and by 21.6% for the year ended May 31, said JLT Employee...
June 01, 2016 | 12:19 pm
Chicago’s police and fire pension fund contributions will be reduced in the near term after the Illinois General Assembly overrode Gov. Bruce Rauner’s veto of the measure.
May 31, 2016 | 12:32 pm
Illinois Gov. Bruce Rauner vetoed Friday a bill that reduces Chicago's pension contributions to its police and fire retirement systems in the near term, nearly one year after the measure passed the...
May 27, 2016 | 06:35 pm
Standard & Poor's Ratings Services lowered the Metropolitan Water Reclamation District of Greater Chicago's general-obligation debt rating to AA+ from AAA on Thursday, citing concerns over the...
May 27, 2016 | 12:59 pm
New Hampshire Retirement System, Concord, lowered its assumed rate of return to 7.25% from 7.75%, spokesman Marty Karlon said.
May 25, 2016 | 01:54 pm
Weaker than anticipated investment performance might force New York City to make higher than planned contributions to the city's retirement system starting in the 2018 fiscal year, said a report by...
May 24, 2016 | 04:24 pm
Chicago Laborers' Annuity & Benefit Fund is projected to be 90% funded, from the current approximately 45%, by 2057, under an agreement announced Monday between city officials and the two unions...
May 23, 2016 | 05:41 pm
Arizona voters overwhelmingly passed a referendum to modify pension benefits for existing participants in the $8 billion Arizona Public Safety Personnel Retirement System.