Public pensions

The state's special commission on pension funding is exploring contributions of real-estate assets to an independently managed trust.

The median net pension liability in the nation’s 15 largest cities jumped 16% on a per capita basis in fiscal 2017, S&P Global Ratings said Wednesday.

Such a move might allay fears in the capital markets while removing lawmakers from decision-making, according to consultant Jim Millstein.

Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

The Rahm Emanuel administration told aldermen that a POB could save $6 billion and ease future tax and fee hikes.

Citi's assessment is conditioned on pension obligation bonds being part of a package to tackle the city's pension liabilities.

A State Supreme Court ruling jeopardizes San Diego’s pension reform measures, exposing the city to millions in unanticipated costs.

Recommendations released by a bipartisan New Jersey panel last week aimed at attacking the state’s beleaguered finances centered largely on combating soaring pension and benefit costs.

Bond investors had mixed reactions to the city's announcement that it is exploring a pension bond deal.

California's highest court said city officials failed to negotiate with labor unions before bringing its pension overhaul to a vote.

Securitization or pension obligation bonds are options for the city.

The board has identified more than 110 out of 490 local units of government as having an underfunded pension plan or retirement health care plan — or both.

New Jersey’s shift toward giving firefighters and police officers control of their pension fund decisions may hamstring future efforts to control benefit costs, according to Moody’s Investors Service.

The pension funding problems reflect several decades of underpayments, said Rep. Jonathan Steinberg, who chairs a commission formed to tackle the problem.

U.S. Virgin Islands Gov. Kenneth Mapp said the project will lead to an additional $615 million in direct revenues for the government over the next 10 fiscal years.

The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.

Vicki Fuller is retiring after six years as the state pension fund’s chief investment officer.

The fund returned 8.03% in FY18, ahead of its 7% annual target and ahead of its own benchmark, which returned 7.59%.

The University of Illinois at Chicago has launched the Government Finance Research Center.

The Harvey City Council will consider an agreement that allows it to keep some state funds being claimed by its pension funds.