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The consolidation of suburban and downstate firefighter pension fund assets is nearly complete but litigation is delaying the police consolidation.
October 5 -
Mayor Lori Lightfoot's proposed budget would forgo an inflation-formula-based property tax hike and make supplemental contributions to the city's pension funds.
October 4 -
Improved commitments to pension funding, coupled with other changes to the two states' retirement systems, have yielded bond rating upgrades for both.
September 16 -
Richmond issued $154.1 million in pension obligation bonds in a refunding that terminates swaps, ends a county intercept, and extends the final maturity.
September 8 -
Surging state revenues eased the burden of managing fixed costs, Moody's says in an examination of state liabilities based on fiscal 2021 financial reports.
September 7 -
A three-judge panel reversed a district court's ruling in favor of the city's Firefighters' Relief and Retirement Fund that the law was unconstitutional.
August 31 -
The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.
August 26 -
Detroit says it can't afford to shave 10 years off the amortization schedule of its public safety pension obligations.
August 9 -
State Rep. Mark Batinick said he’s generally not a fan of red light cameras, but if they are going to be used, the fines should go to a source “that needs it and removes any motivation to simply use the cameras as a way to further tax the public.”
July 25 -
Most public pension funds are fragile not distressed, according to Equable.
July 21