The Illinois Legislature approved Monday a bill to help shore up Chicago's municipal and laborer pension funds.
January 10, 2017 | 01:25 pm
NISA Investment Advisors’ Pension Surplus Risk index fell to 8.8% in December, down 0.5 percentage points from November’s reading.
January 09, 2017 | 01:57 pm
The Social Security program will run out of money in calendar year 2029 and will not be able to pay full benefits after that, the Congressional Budget Office says.
December 22, 2016 | 01:31 pm
A key CalPERS committee approved a plan Tuesday to reduce the pension fund's rate of return to 7% over a three-year period from the current 7.5%.
December 20, 2016 | 08:47 pm
Iron Workers Local 17 Pension Fund on Friday received permission from the Treasury Department to cut benefits for participants, including retirees, as part of a proposed rescue plan. It is the first...
December 16, 2016 | 06:38 pm
A Texas appeals court affirmed Tuesday that changes approved to the DROP interest rate and distribution policy at the Dallas Police & Fire Pension System in 2014 were constitutional.
December 14, 2016 | 03:44 pm
Kansas Public Employees Retirement System, Topeka, lowered its assumed rate of return to 7.75% from 8%.
December 13, 2016 | 01:46 pm
The total deficit of all corporate defined benefit funds covered by the London-based Pension Protection Fund’s 7800 index fell 29.4% in November, to £194.7 billion ($245 billion).
December 13, 2016 | 01:52 pm
President Barack Obama signed a streamlined spending bill Saturday that keeps the federal government operating until April 28, 2017.
December 12, 2016 | 11:55 am
Moody’s Investors Service downgraded Dallas' general obligation bond rating to A1 from Aa3 on Dec. 9, citing ongoing challenges at the $2.7 billion Dallas Police & Fire Pension System.
December 12, 2016 | 02:51 pm
Changing the benefit calculations for participants in the $443 billion Federal Employees Retirement System, Washington, and changes in the taxation of carried interest are two of 115 policy options...
December 09, 2016 | 04:23 pm
Connecticut Gov. Dannel P. Malloy and the State Employees Bargaining Agent Coalition have agreed to modify the funding calculation and amortization schedule for the $11 billion Connecticut State...
December 09, 2016 | 04:28 pm
The funded status of U.S. corporate pension plans rose in November on the back of rising discount rates.
December 08, 2016 | 03:05 pm
The Illinois House approved a bill to improve funding for Chicago's municipal and laborer pension plans.
December 05, 2016 | 03:33 pm
U.S. corporate pension plans' funded status rose about 3 percentage points in November, driven by falling liabilities, said reports from Wilshire Consulting and Legal & General Investment Management...