Pension reform

The state's special commission on pension funding is exploring contributions of real-estate assets to an independently managed trust.

The median net pension liability in the nation’s 15 largest cities jumped 16% on a per capita basis in fiscal 2017, S&P Global Ratings said Wednesday.

A major state bridge repair and replacement program was launched as the turnpike authority’s bond ratings were downgraded because of pension liabilities.

A State Supreme Court ruling jeopardizes San Diego’s pension reform measures, exposing the city to millions in unanticipated costs.

Recommendations released by a bipartisan New Jersey panel last week aimed at attacking the state’s beleaguered finances centered largely on combating soaring pension and benefit costs.

California's highest court said city officials failed to negotiate with labor unions before bringing its pension overhaul to a vote.

New Jersey’s shift toward giving firefighters and police officers control of their pension fund decisions may hamstring future efforts to control benefit costs, according to Moody’s Investors Service.

States and localities can’t continue to postpone resolving their pension problems or they will crowd out essential services and infrastructure and lose population, Chapman Strategic Advisors managing director James Spiotto says in a paper to be delivered in Washington on Tuesday.

Better management may not be enough for Hartford and other Connecticut cities, says the Manhattan Institute.

Moody's calls Minnesota's pension reforms a positive for the state and its local governments.

Higher contributions and benefit cuts will reduce Minnesota's unfunded pension liabilities.

The state Supreme Court's reaffirmation of a 2015 pension overhaul settlement is credit positive for Rhode Island, according to Moody's.

S&P Global Ratings elevated its outlook for Colorado's AA issuer credit rating to stable.

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

Rep. Mike Tobash and Treasurer Joe Torsella chair a panel that will seek a combined $3 billion in savings for the state's two top pension plans.

Citing risks to all of the state's pension funds, Gov. Phil Murphy conditionally vetoed legislation to enable a spinoff of the state’s Police and Firemen's Retirement System.

Build America Mutual's Les Richmond said that state and local governments might want to consider their disclosure obligations in the light of the more robust risk assessments they'll soon begin getting from their actuaries.

The district must come up with a new plan to save its pension fund from insolvency.

Restructuring expert Michael Imber says momentum is building for such a strategy, which he says could improve the state's funding ratio.

Pension policy decisions made to improve funding levels are putting financial pressure on school districts through higher contributions.