Public pensions

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.

State lawmakers compromised on legislation that provides $2.3 billion of bond authority for transportation and boosts funding for the state's lagging pension fund.

The new chief investment officer of the $34 billion Connecticut Retirement Plans and Trust Funds will begin his duties Monday.

Build America Mutual's Les Richmond said that state and local governments might want to consider their disclosure obligations in the light of the more robust risk assessments they'll soon begin getting from their actuaries.

The Harvey, Illinois, fiscal crisis highlights bondholder risks posed by pension underfunding, Moody's says.

The Garden State's pension burden will remain a heavy credit weakness for the foreseeable future, according to S&P Global Ratings.

Tax resources are about one-third higher than a decade ago, while pension actuarially determined contributions are up 74%, a Fitch report shows.

Lawyers for the city of Harvey will argue for release of state funds.

Pension costs and slow growth in state revenues contributed to a fifth straight year of net tax-supported debt growth of under 2%.

Solving the state's pension crisis will require politically painful options for taxpayers and public employees.

Big Apple pension funds plan to divest from fossil fuel investments within five years.