Pension funds

A judge signed off Thursday on the city's interim settlement with its police and fire pension funds,

An overhaul trimmed $7 billion from the fund's pension liability, but an $11.7 billion liability remains.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

Scott Evans, chief investment officer of New York City’s $194 billion of pension funds, will step down at the end of the fiscal year June 29.

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

Moody's says CalPERS' faster debt repayment plan is credit positive despite the budget strain it will provoke.

The unfunded pension burden for Chicago, Cook County, and other local funds hit $50 billion in fiscal 2016.

Weak asset performance and inadequate contributions by some local governments have contributed to a 6% increase in liability burdens, Fitch Ratings said.