Public pensions

Rising unfunded pension and healthcare liabilities and bond financing plans led a state committee to recommend increasing the debt cap.

Chicago has yet to identify to how it will pay for higher future pension funding, but Kroll says the city can manage.

Benefit changes for the city’s public safety pensions will remain, said Moody's Investors Service.

Pensions in some California cities to grow to 21.5% of general fund in seven years.

California is still decades away from prefunding retiree health benefits liability, said State Controller Betty Yee.

An Illinois lawmaker has filed a bill that would authorize the massive borrowing.

Several market participants said it’s hard to take such a proposal seriously.

Calling his two-year budget "difficult but honest," Gov. Matt Bevin cut most state agency budgets by 6.25% and borrowed to fund reserves.

The ruling increases the body of law supporting strict legal protections for public pension benefits, the rating agency said.

City administrators in La Verne will pursue multiple strategies — some meant to cut costs while others are designed to generate revenue — as part of a plan to pay off nearly $50 million in employee pension costs.

Mayor Bill de Blasio envisions a tobacco-type groundswell in the fight against fossil-fuel companies while skeptics differ.

As state lawmakers confront a $1 billion budget gap, an 11.2% increase in revenues may be short-lived, budget director says.

New Jersey’s escalating pension burden threatens to derail future budget plans, a report said.

New York City would be the first major U.S. public pension to divest from fossil fuel businesses.

New Jersey’s Lottery Enterprise Contribution Act translated into better primary market bond pricing, the state treasurer says.

The latest court decision about pension modification efforts helps clear the way for the state's top court to settle the matter.

The unfunded liabilities of the funds nearly doubled over the last decade.

New Jersey and its municipalities may face greater fiscal pressures after the state opted to lower the assumed rate of return for pension assets.

The state also warned that $1 billion in cuts could be needed in 2019-2020 due to rising pension and Medicaid costs.

The Connecticut governor cited recent changes to the state employee pension system as a parallel.