Legislation

Chicago credit rating slammed in wake of pension ruling

Chicago credit rating slammed in wake of pension ruling

The Illinois Supreme Court’s rejection of a 2014 pension reform law for two Chicago pension funds is a “credit negative” for Chicago, Moody’s Investors Service said in a...

March 29, 2016 | 03:42 pm

California board recommends Secure Choice legislation

The California Secure Choice Retirement Savings Investment Board on Monday unanimously approved final recommendations to the state Legislature for creating a mandatory payroll deduction IRA program...

March 28, 2016 | 03:54 pm
ICI wants California to delay private-sector retirement program

ICI wants California to delay private-sector retirement program

California should delay action on a proposed state-run retirement savings plan for private-sector employees because it could end up leaving taxpayers on the hook, the Investment Company Institute...

March 25, 2016 | 10:58 am
Innovation not confrontation

Innovation not confrontation

Union members and pension advocates seeking to stop severely underfunded multiemployer defined benefit plans from cutting pension payments to retirees face a challenge — identifying viable...

March 21, 2016