Public pensions

West Covina faces shrinking reserves and growing liabilities. Its mayor responds that it is working on solutions, but the pandemic challenges its efforts.

As state and local governments work to apply the California Supreme Court’s rulings, they are also bracing for the next wave of litigation.

Gov. Albert Bryan Jr. is working with the territory's lawmakers on an internet sales tax and other revenue ideas to avoid a 42% pension benefit cut on Jan. 1.

The state's backlog of unpaid bills will grow to $35 billion by 2026 if it doesn't make any structural budget fixes, according to a new forecast.

Manhattan Institute recommendations include paring back “unusually generous” benefits and transitioning new employees toward a defined-contribution system.

In a federal complaint, they accuse the fund manager of increasing risky bets while the market was imploding from the coronavirus pandemic.

Recent orders from the California Supreme Court in public pension cases indicate litigation on the matter has not ended.

Moody's cited high leverage and fixed costs attributable to the city's pension and other post-employee benefit plans. Voters decide on new bonds in November.

The structure in which bonds are backed by a lease of city streets is being used in the Southern California cities of Torrance and West Covina.

As teachers in some states return to classrooms, pension actuaries weigh the impact that the coronavirus could have on pension funds

The Illinois Public Pension Fund Association says POBs could offer a potential fix for some but some market participants urge caution due to POBs' perils.

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 Smart Plan received the leadership recognition award from the National Association of Government Defined Contribution Administrators.

Lottery revenues, used to cover a chunk of the state's pension payment, will fall about $163 million short.

In 15 years at Wilshire Consulting, he worked with public and corporate pension funds, foundations, endowments and insurance companies.

Public pension plans already received their 2020 funding by the time that the initial economic shock wave of the pandemic occurred.

The case that has the potential to upend legal precedent about how public pensions are treated in California.

Weak investment returns, assumption changes, and low contributions pushed up the cumulative unfunded liabilities of 11 local government pension funds.

The California Supreme Court will hold online oral arguments Tuesday in a public pension case that could challenge the so-called "California Rule."

According to the survey that Tom Kozlik prepared, more than 90% of 211 analysts and specialists found coronavirus the most compelling issue facing the public finance industry. Public pensions ranked second.