Pensions

Moody's says that the pension system will likely run out of money in fiscal year 2024.

Siddharth Singhai, chief investment officer at IronHold Capital, explores how pension funds can choose better money managers. Paul Burton hosts. (16 min.)

Senate Majority Leader Mitch McConnell said Wednesday he favors allowing states struggling with high public employee pension costs amid the burdens of the pandemic response to declare bankruptcy rather than giving them a federal bailout.

Dan DiSalvo, a Manhattan Institute senior fellow, explains how the state provides a model for tackling other post-employment benefits liability. Paul Burton hosts.

GASB Statement 92 covers 8 new standards for GAAP accounting in Omnibus 2020

Assets in the so-called Smart Plan have risen to $10.06 billion as of Dec. 30 from $4.5 billion in 2009, said state Treasurer Deborah Goldberg.

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

Corbally will advise endowments, foundations, pension funds, and other institutions.

New York City has become the first pension system in the nation to have totally divested its holdings in private prison companies, NYC Comptroller Scott Stringer said on Thursday.