Public pensions

The GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

Milwaukee's change in its assumed investment rate of return will eventually lead to higher contribution levels, a credit positive, Moody's says

State officials hope boosts to two rating outlooks, an on-time budget, pension revisions and higher reserves will benefit its $244 million refunding.

Warnings about the weak health and liquidity risks of Chicago’ pension system litter the funds’ 2018 financial reports.

Researchers found many pension plans have already taken significant steps to assure their long-term sustainabilty.

Illinois is building a foundation to chip away at the state’s massive fiscal challenges, according to Deputy Governor Dan Hynes.

Chicago Mayor Lori Lightfoot, her finance team, and sister agencies will provide in-person fiscal updates at the city's annual investors' conference.

A state report says Connecticut should consider converting eligible state assets into a trust and using state lottery proceeds for its public pension systems.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Garden State Initiative founder Regina Egea, a chief of staff under former Gov. Chris Christie, explores pressing fiscal challenges facing New Jersey. Hosted by Andrew Coen.

Poor returns piled another $2 billion onto Chicago's pension tab, but it won't add to the already $280 million contribution spike looming next year, according to its new CAFR.

The Illinois governor says the state, with its low ratings, is in no position to absorb its largest city's massive pension liabilities.

Charles Gasparino of FOX Business Network talks with Chip Barnett about the role municipal bonds play in the U.S. and how the market has changed over the years. He gives a look back at New York City's finances as well as the best ways to approach infrastructure spending across the country.

A progressive income tax may not boost the state's near-junk rating unless revenue is used to address the pension problem.

Cook County, Illinois president says new taxes or fees are on table to close the shortfall.

The Oversight Board has reached an agreement with the Committee of Retirees that makes a flat 8.5% cut to pensions over $1,200 a month and does not change payments to the 61% of current retirees who receive monthly pensions of $1,200 or less.

Deputy Governor Dan Hynes says the recent legislative session put the state on an "upward trajectory," but underfunded pensions dog the state.

A judge denied Chicago's request for a restraining order to stop the state comptroller from intercepting state grant money on behalf of city pension funds.

The retirement system has said it may run out of money in 2020 or 2021.

An analysis says Philadelphia is on a path toward paying down its liabilities, though the funding burden will continue to crowd out other priorities.