Public pensions

J.B. Pritzker will defend his fiscal 2020 budget and pension proposals as well as his gamble on waiting for voters to approve graduated income tax rates.

The California Supreme Court left the so-called California Rule on pensions untouched in a ruling favoring the state's right to eliminate an "air time" benefit.

The next mayor will be under pressure on pension funding, labor contracts and economics, S&P Global Ratings said.

Lori Lightfoot, in her first race for elective office, will face Toni Preckwinkle, the Cook County board president, in an April 2 runoff.

Gov. J.B. Pritzker’s “bridge” budget would reduce the state's immediate pension contributions, and assumes voters will approve income tax changes in 2020.

Public pension funds are increasingly attracted to infrastructure investment.

A strong economy and the establishment of an outyear payment schedule have effectively masked a serious problem in the commonwealth, according to Pioneer Institute.

J.B. Pritzker unveiled a $38.9 billion budget that relies on new taxes and borrowing.

Gov. Ned Lamont’s budget speech will include a far-reaching proposal by state Treasurer Shawn Wooden to shore up the wobbly Teachers’ Retirement Fund.

Illinois would also use asset transfers, supplemental contributions and a buyout program in the governor's plan to deal with $133.7 billion of unfunded liabilities.

The federation issued its suggested budget roadmap Wednesday, ahead of Gov. J.B. Pritzker's first budget release.

Governance and economics, rather than cutting benefits, are increasingly seen as key to solving pension funding woes.

The ideas are emerging as focal points in Gov. J.B. Pritzker’s search for solutions to the state's pension underfunding.

Gov. Phil Murphy’s administration issued an RFQ for an advisor to evaluate using state-owned assets to stabilize its pension system.

The Civic Committee of the Commercial Club of Chicago says its plan would put the state on path to fiscal solvency and double-A ratings.

The podcast series moves on location to The Bond Buyer's National Outlook Conference on New York, where Alan Rubin of Blank Rome and Michael Imber of EisnerAmper weigh in on resilience financing and pension funding, respectively. Paul Burton hosts.

The Center for Retirement Research said the situation is worth monitoring closely because optimistic return expectations could yield required contributions that are ultimately inadequate to meet benefit obligations.

Topics range from policy changes, regulatory developments, and pensions to interest rates, technology, and market opportunities.

The courts will decide whether the city must make up shortfalls in tax levy collections to cover the pension contributions.

Eric Holcomb wants to use $150 million in surplus funds to pay off teacher pension obligations and wants savings to be passed along to teachers.