Public pensions

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.

Local government public safety pension funds are armed with new funding enforcement mechanism.

La Verne, California expects to price the bonds before the end of June.

Chicago suburb warns of "catastrophic” impact of state withholding funds.

Restructuring expert Michael Imber of EisnerAmper explains how in-kind real-estate asset contributions could curb the state's steep unfunded liability. Paul Burton and Chip Barnett host.

Though the legal setback is "harmful" to the Chicago Park District's plan to increase pension funding, it doesn't cause a budgetary crisis, S&P said.

The Legislature's budget failed to provide debt service on some bonds, decimated reserves, and lacked full funding for core services, Gov. Matt Bevin said.

Atlantic City's state overseer sees a “major” breakthrough following a $49 million bond sale.

Kentucky lawmakers approved a $22 billion biennial budget bolstered by cuts for most state agencies, transfers and new revenue.

Former broker Deborah Kelley could end up paying close to half a million dollars in fines, penalties, and restitution for her role in defrauding the New York State Common Retirement Fund.

The New Jersey legislature again passed legislation to hand police officers and firefighters control of their pension fund.