Gubernatorial candidates who proposed big changes to state pension systems lost on Nov. 6.

Gubernatorial races across the country will have lasting impacts on state pension systems.

Houston voters approved a referendum to issue $1 billion in pension obligation bonds to help reduce the city's $8.2 billion in unfunded liabilities.

Phil Murphy, a former Goldman Sachs executive, was elected governor of New Jersey on Tuesday.

A stronger-than-expected result for a right-wing party in the German general election is keeping political risk in European markets.