Public pensions

Illinois' unfunded pension tab dropped slightly to $139.9 billion from $141 billion on an actuarial basis while the market value view saw a $14 billion cut thanks to exceptional returns.

A U.S. Department of Labor action has halted all federal grant funding to California transit agencies, in a rerun of a 2013 dispute.

The governor wants to use savings to address the islands' $3.3 billion pension underfunding.

No consensus on whether the judge will make changes to the plan before approval.

Several recent challenges to the Plan of Adjustment that could threaten its approval.

The board says the judge's ruling on the issue will determine whether it withdraws the Plan of Adjustment.

The Oversight Board argued legal issues with bondholders, pensioners, credit unions, and others at Monday's Plan of Adjustment confirmation hearing.

The unions say Act 53 bars the changes to the pensions that the Oversight Board say are necessary for the Plan of Adjustment.

The bank will also be an investment account manager for the state's $12.5 billion Short-Term Investment Fund, Treasurer Shawn Wooden said.

Puerto Rico bankruptcy judge approved the board’s plan to notify parties of pension limitations, a key to allowing the Plan of Adjustment to move forward.

The board wants the bankruptcy judge to say recently passed law, which prohibits cuts to pensions, does not bar the board's plan for two major pension changes.

The popularity of cryptocurrency may drive investment by public pension funds.

It is unclear if the Oversight Board will accept the law and how much it differs from Board-endorsed legislation that failed last week in the legislature.

Brad Lander and Daby Carreras jostled over whether the city's move is a sound investment and effective against climate change.

The Puerto Rico Bankruptcy Judge on Friday ordered a meeting for Monday between the Oversight Board, lawmakers, the governor and creditors to discuss possible alternatives.

While the Puerto Rico House passed it, the Senate set a Thursday vote to ensure passage.

The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.

Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.

Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.

The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.