Public pensions

The ultimate impact of the bear market on pension risks is likely to vary widely among issuers, making granular analysis more important and valuable.

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.

The plunge of the financial markets amid COVID-19 stands to push up pension costs — and budget strain — for the city.

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

Public pensions that relied on equity growth to ease unfunded liabilities could face a harsher reality, experts told The Bond Buyer's Texas Public Finance Conference.

The Democrat unveiled a $40.9 billion FY 2021 spending plan that again pushes for higher taxes on incomes above $1 million.

Public safety retirement costs are most significant at the city and county levels where they average 4.9% of aggregate spending for cities and 1.9% for counties.

State Comptroller Susana Mendoza released interim numbers because the state's comprehensive annual financial report for fiscal 2019 is unfinished.

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.

Joe Torsella received the appointment to the National Association of State Treasurers committee from NAST President Deborah Goldberg of Massachusetts.

Irvine, Fresno and Stockton were among only 12 of the 75 largest U.S. cities that are on top of their financial obligations, according to a think tank's report.

The market awaits Gov. J.B. Pritzker's fiscal 2021 budget proposal next month before turning to November's progressive income tax vote.

The city, only recently released from state oversight, is facing more fiscal challenges.

Three of the biggest New York City pension funds have selected advisors to help divest from fossil fuels.

Eric Holcomb pushed a similar early payment last year when he announced the use of $150 million of reserves to pay off a pension liability.

S&P dropped the the nation's second-most-populous county — one of many Illinois governments struggling with retirement plan funding — to A-plus from AA-minus.

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

Analysts expect Tuesday's $325 million competitive pricing will garner strong demand from investors seeking higher yields.

Florida can issue $32.4 billion of bonds over the next decade, the state’s annual debt report concludes.

Latest local government, pension-related downgrade in Illinois comes as local public safety pension consolidation now underway