Pension funds

Several California cities are cutting police budgets, and shifting non-violent 911 calls to mental health workers.

Chicago’s net pension liabilities rose to $31.8 billion in 2019 from $30.1 billion.

In 15 years at Wilshire Consulting, he worked with public and corporate pension funds, foundations, endowments and insurance companies.

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

Borrowing may not be the best way to replace revenue losses unless municipalities have good reason and the debt capacity to do so, former state officials said.

Moody's warns the current economic turmoil poses more pension-related credit risks for Illinois and many of its local governments than did the Great Recession.

Christopher Philips, CFA, head of Vanguard Institutional Advisory Services, discusses the importance of asset allocation during uncertain times as the coronavirus hits investors’ portfolios. He talks about looking at the fundamentals while distancing from the day-to-day value fluctuations. John Hallacy hosts this podcast, which was recorded March 20.

A new study finds the impact of pension debt may not be as big as commonly believed.

Gov. J.B. Pritzker unveiled a $42 billion general fund budget for fiscal 2020.

The state's lookback at gambling revenues since 2012 comes as a large-scale expansion looms.