Pension reform

An Illinois judge upheld the constitutionality of the state's consolidation of downstate public safety pension funds; an appeal is expected.

Mayor Jorge Elorza said the reworked bond proposal was better than the larger one put before the state Legislature last year.

Lawmakers are considering a bill to credit state employees with three extra years of service for work done outside their homes over nine months of 2020.

Like the city's pension funding revisions, the park district's plan ramps up to actuarial payments but it's alone in aiming for a 100% funding target.

While traditional defined-benefit pension plans remain the prevailing model, at least 19 states have hybrids.

Moody's Investors Service notes that the new two-tier pension system will not immediately decrease Kentucky's high unfunded pension liabilities.

Top lawmakers bought time amid pressure from unions and progressive legislators.

As state and local governments work to apply the California Supreme Court’s rulings, they are also bracing for the next wave of litigation.

Recent orders from the California Supreme Court in public pension cases indicate litigation on the matter has not ended.

The California Supreme Court ruled July 25 in a pension spiking case with ramifications for the state's ironclad pension legal doctrine.

The California Supreme Court upheld the state's 2013 pension reform, but said its ruling is not a reexamination of the "California Rule" on public pensions.

The case that has the potential to upend legal precedent about how public pensions are treated in California.

The California Supreme Court will hold online oral arguments Tuesday in a public pension case that could challenge the so-called "California Rule."

The changes are a credit positive for the state of Ohio and the local governments that participate in OPERS, according to Moody's Investors Service.

Gov. Andy Beshear released an unfavorable actuarial analysis of a pension reform plan backed by former Gov. Matt Bevin.

Fitch Ratings revised the outlook on its AA-minus rating to negative from stable.

The Chicago Park District would phase in actuarially determined pension payments under a funding plan that still needs state legislative approval.

The policy would require firms to consider women and people of color for every open board seat and for CEO appointments.

J.B. Pritzker wants lawmakers to pool the assets of hundreds of local public safety pension funds outside Chicago into two statewide funds.

Variables related to other post-employment benefit liabilities jeopardize core services in the tri-state area, said the Manhattan Institute.