Pension reform

The amicus briefs ask the state's high court to weaken a rule that is believed to make future benefit reductions impossible.

Four senators released a proposal to deal with the Bluegrass state’s unfunded pension obligations.

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

CalPERS' decision to shorten amortization period could further challenge local governments in California.

The California Supreme Court could upend legal assumptions about public employee pensions.

Benefit changes for the city’s public safety pensions will remain, said Moody's Investors Service.

Several market participants said it’s hard to take such a proposal seriously.

Calling his two-year budget "difficult but honest," Gov. Matt Bevin cut most state agency budgets by 6.25% and borrowed to fund reserves.

The ruling increases the body of law supporting strict legal protections for public pension benefits, the rating agency said.

As state lawmakers confront a $1 billion budget gap, an 11.2% increase in revenues may be short-lived, budget director says.

The latest court decision about pension modification efforts helps clear the way for the state's top court to settle the matter.

New Jersey and its municipalities may face greater fiscal pressures after the state opted to lower the assumed rate of return for pension assets.

The state also warned that $1 billion in cuts could be needed in 2019-2020 due to rising pension and Medicaid costs.

City officials said consolidating the boards will improve governance and result in stronger fund performance.

A pension task force convened by the governor proposed issuing long-term or perpetual notes to state-controlled entities that need risk capital.

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

Bills look to tackle local governments' $18.8 billion pension and retirement health care unfunded liability,

Below-estimate state general fund revenues complicate pension funding decisions.

Voters in Houston approved the measure by a more than three-to-one margin.

A commission would examine transferring capital assets to a trust and building asset values to benefit pension plans.