Public pensions

A judge signed off Thursday on the city's interim settlement with its police and fire pension funds,

Sean Crawford, who arrived from New York MTA, resigned 10 days into the job.

An overhaul trimmed $7 billion from the fund's pension liability, but an $11.7 billion liability remains.

They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.

Moody's Investors Service issued a sobering take on the state's liabilities as lawmakers celebrated passage of an on-time budget.

Rep. Mike Tobash and Treasurer Joe Torsella chair a panel that will seek a combined $3 billion in savings for the state's two top pension plans.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

Scott Evans, chief investment officer of New York City’s $194 billion of pension funds, will step down at the end of the fiscal year June 29.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.

The Municipal Stability Board gave more than 100 local governments until November to come up with a plan for their underfunded retirement plans.

The District of Columbia was praised for tackling the funding needs for maintaining its critical infrastructure by a rating agency concerned about deferral of such maintenance by states and local governments.

Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.

The strategy could save the commonwealth roughly $300 million when compounded over 20 years, said state Treasurer Joe Torsella.

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

The Illinois city's revenue bondholders want any legal settlement to prioritize their claim over those of pension funds.

Fort Worth was still savoring a victory for a $400 mllion bond proposal when rating agencies rained on the parade.

The nation’s third-largest public pension fund reported an 11.35% return on investments for the year ending March 31.

The California city's supporters portray a lasting turnaround, but growing pension liabilities could bring trouble.

Citing risks to all of the state's pension funds, Gov. Phil Murphy conditionally vetoed legislation to enable a spinoff of the state’s Police and Firemen's Retirement System.

The Illinois pension intercept law could pose rating strain but also force funding discipline over long term, according to S&P Global Ratings.