Public pensions

Reports from S&P Global Ratings and Moody's Investors Service highlight fiscal strains Chicago, Illinois and some local governments face.

The latest garnishment request comes as a task force on downstate and suburban public safety fund consolidation nears recommendations.

Mayor Lori Lightfoot's administration faces an $838 million budget gap as the city prepares to host investors at its annual buyside conference Friday.

Xay Khamsyvoravong, chairman of the Providence Water Supply Board, explains how this trending accounting tool could help offset Rhode Island’s local pension liabilities. Paul Burton hosts.

The Kentucky Supreme Court’s ruling prevented a quasi-governmental agency that filed for bankruptcy from leaving the state pension system.

Oklahoma joins the ranks of state and local governments struck by hackers, fueling concerns about the escalating risk of such attacks on municipalities.

Chicago says its met its obligations under the state pension code; all four of its pension funds have filed shortfall claims with the state.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

State Senate Majority Leader Loretta Weinberg discusses a proposed millionaire’s tax, transportation funding, pension liabilities, the long-stalled Gateway project and other topics impacting New Jersey’s financial future. Andrew Coen hosts.

Lori Lightfoot is eyeing new taxes, debt refinancing, and state action to help close a $838 million gap.

The director of the Kentucky Retirement Systems says the state has built in a risk margin to avoid an adverse effect on liabilities.

Bloomfield Township it cutting its budget after voters rejected a tax levee that was to help it meet its $161 million in unfunded liabilities.

State Rep. Jonathan Steinberg and EisnerAmper's Michael Imber discuss the recommendations of the Connecticut Pension Sustainability Commission, including asset transfers. Paul Burton hosts.

Lori Lightfoot's Aug. 29 speech comes one month ahead of the city's annual investors' conference.

The prospect of rock-bottom interest rates and a trade-war induced recession could put a greater strain on state and city retirement plans.

Including other post-employment benefit liabilities more accurately reflects debt levels, said state Treasurer Seth Magaziner.

Kevin Cullinan will will develop an enterprise risk management framework for the Connecticut Retirement Plans and Trust Funds, state Treasurer Shawn Wooden said.

Downstate and suburban Illinois public safety pension fund consolidation is the subject of much talk and possible future action

The new law lowers contribution rates for some agencies and allows them to opt out of the worst-funded pension plan in the country.

Chicago Mayor Lori Lightfoot reset the clock on release of the next year's budget forecast by moving the deadline one month later to the end of August.