Pension reform

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.

The latest garnishment request comes as a task force on downstate and suburban public safety fund consolidation nears recommendations.

State Senate Majority Leader Loretta Weinberg discusses a proposed millionaire’s tax, transportation funding, pension liabilities, the long-stalled Gateway project and other topics impacting New Jersey’s financial future. Andrew Coen hosts.

The director of the Kentucky Retirement Systems says the state has built in a risk margin to avoid an adverse effect on liabilities.

State Rep. Jonathan Steinberg and EisnerAmper's Michael Imber discuss the recommendations of the Connecticut Pension Sustainability Commission, including asset transfers. Paul Burton hosts.

Downstate and suburban Illinois public safety pension fund consolidation is the subject of much talk and possible future action

The new law lowers contribution rates for some agencies and allows them to opt out of the worst-funded pension plan in the country.

Milwaukee's change in its assumed investment rate of return will eventually lead to higher contribution levels, a credit positive, Moody's says

Warnings about the weak health and liquidity risks of Chicago’ pension system litter the funds’ 2018 financial reports.

Researchers found many pension plans have already taken significant steps to assure their long-term sustainabilty.

Illinois is building a foundation to chip away at the state’s massive fiscal challenges, according to Deputy Governor Dan Hynes.