Public pensions

Doñé will take a key advisory role in the nation's fourth-largest pension system.

While citing “noticeable, across-the-board improvements,” state Auditor Eugene DePasquale said significant work remains for the distressed city's three pension plans.

The scope of the court's ultimate ruling in the first of five pension-related cases on its docket remains unclear after Wednesday's oral arguments.

The case may challenge the California Rule, which has thwarted efforts to cut pension benefits.

Dearborn plans to price $35 million of bonds and Muskegon County plans $45 million.

Peter Hayes, head of municipals at BlackRock, says liquidity is sound and muni funds can cope with outflows. He says that among the larger factors in their daily decision-making is the status of an issuers’ pension and OPEB liabilities along with bond structure. John Hallacy is host.

The state's backlog of unpaid bills could skyrocket to $23.7 billion without budget changes, said a new report from Gov. Bruce Rauner's administration.

Treasurer Denise Nappier said a lottery revenue infusion and asset transfers could pump $3 billion into the Teachers' Retirement Fund.

The budget and a five-year plan hint at what County Board President Toni Preckwinkle would do if she is elected Chicago mayor.

The Chicago City Council approved the 2020 budget in a near unanimous vote.

Riverside is the latest Illinois municipality to be downgraded because of underfunded pensions.

S&P Global Ratings downgraded Oak Lawn to BBB.

The dollar value of net pension liabilities rose in 43 states while the dollar value of outstanding tax-supported debt rose in 17 states, the report said.

Illinois' five state pension funds certified preliminary 2020 contributions may change, depending the results of planned buyout offers.

The California Supreme Court will hear oral arguments Dec. 5 on a case to decide what pension rights are vested for government employees in the state.

Chicago Heights joins the list of local governments hit with a Moody's downgrade becaue of pension funding strains.

The state's largest retirement fund is advancing the planned buyouts as its unfunded liabilities continue to increase.

The Public Pension Management and Asset Investment Review Commission will present its findings to Gov. Tom Wolf and the General Assembly.

Oregon Gov. Kate Brown released an earthquake preparedness plan as she battles to win re-election.

The 50 City Council members will ultimately have to sign off on new revenue needed to achieve actuarial funding.