Public pensions

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.

CalPERS' plan to dial back the assumed return on its investments puts pressure on governments to make up the difference.

Bond director Ben Watkins lamented the loss of the refinancing tactic that helped refinance 62% of the state’s debt portfolio.

Urban planners argue for the unlocking of public assets through an asset trust, an idea largely untested in the U.S.

City officials said consolidating the boards will improve governance and result in stronger fund performance.

A pension task force convened by the governor proposed issuing long-term or perpetual notes to state-controlled entities that need risk capital.

Weak asset performance and inadequate contributions by some local governments have contributed to a 6% increase in liability burdens, Fitch Ratings said.

Bills look to tackle local governments' $18.8 billion pension and retirement health care unfunded liability,

New Jersey Gov. Chris Christie urged his successor to reduce health benefits for public employees as a way to fund the state’s underfunded pension system.

Texas state pensions bear the third-highest risk of a downturn-driven "budget shock" behind Alaska and Connecticut, according to Moody's Investors Service.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.