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The district must come up with a new plan to save its pension fund from insolvency.
March 29 -
Restructuring expert Michael Imber says momentum is building for such a strategy, which he says could improve the state's funding ratio.
March 29 -
The state, after multiple rating downgrades and facing budget strife, declining revenue and a pension funding dispute, plans a GO new-money and refunding sale.
March 23 -
Democratic challenger J.B. Pritzker will take on Republican incumbent Bruce Rauner.
March 21 -
Moody's Investors Service cut Milwaukee's rating to by a notch to A1.
March 13 -
The Virgin Islands pension system is seeking a court order for the government to pay at least $213 million allegedly owed to the system.
March 13 -
Pension policy decisions made to improve funding levels are putting financial pressure on school districts through higher contributions.
March 8 -
Moody's Investors Service upgraded San Francisco's general obligation bonds to Aaa.
March 7 -
When and if the state actually funds its pension system on an actuarial basis is the key question for New Jersey, analysts said.
March 6 -
The state House approved a $22.5 billion general fund budget that relies on fees and tax increases to fund priorities like pension obligations.
March 2 -
Changes to return assumptions ease short-term budget pressure while lowering funding for the state pension system.
March 2 -
Moody's says CalPERS' faster debt repayment plan is credit positive despite the budget strain it will provoke.
February 26 -
The average funded ratio of suburban and downstate Illinois public safety funds is 51%.
February 26 -
Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.
February 26 -
The power of public employee unions to influence elections and their wage and benefit arrangements could be at stake.
February 23 -
CalPERS' decision to shorten amortization period could further challenge local governments in California.
February 21 -
The California Supreme Court could upend legal assumptions about public employee pensions.
February 20 -
The unfunded pension burden for Chicago, Cook County, and other local funds hit $50 billion in fiscal 2016.
February 20 -
“We’re headed to a place where we don’t necessarily want to be,” said the city's chief financial officer.
February 16 -
Harvey, Illinois can ill afford higher pension contributions as it's yet to make good on defaulted bond payments.
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