Public pensions

Michigan lawmakers approved fundamental changes to retirement benefits for teachers.

New York City’s actual pension liability stands at $142 billion according to the Manhattan Institute.

Illinois’ credit distress makes some investors wonder about New Jersey, according to Citi analysts who see Garden State opportunity.

New Jersey's treasurer told lawmakers a proposal to boost the state’s underfunded pension system through lottery revenue would not negatively impact future budgets.

Pennsylvania's new pension legislation does nothing to solve its budget deficit.

The Michigan Senate and House approved changes to the teachers’ pension system as part of a state budget deal.

The New Jersey proposal to use lottery revenue to boost its pension system is not viable, according to Municipal Market Analytics.

PNC Capital Markets managing director Tom Kozlik discusses the results of his third annual poll of municipal bond analysts, which reveals pensions and Washington policy uncertainty as the two biggest concerns. Hosted by Paul Burton.

Pennsylvania Gov. Tom Wolf signed a pension overhaul compromise bill.

Dallas and Houston are on the right path to fixing their troubled pensions, according to Moody's.

New York City has become the first pension system in the nation to have totally divested its holdings in private prison companies, NYC Comptroller Scott Stringer said on Thursday.

California Gov. Jerry Brown's plan to use a short-term state investment account to fund CalPERS faces some skeptics.

Two Chicago pension funds could become insolvent sooner than projected.

Pennsylvania's Senate passed a bill to overhaul retiree benefits.

Chicago is offering stronger rated utility-backed bonds but like its GO they face credit strain from pensions.

Dallas and Houston still face challenges to turn around their troubled pension plans.

Fitch Ratings will now be discounting pension liabilities at a fixed 6% assumed rate of return.

An 11-year decrease in Kentucky's workforce upended a key formula underpinning its pension system.

A court heard Scranton's arguments against a lawsuit challenging an increase to the local services tax.

Pennsylvania’s pension system for public school employees spent too much on investment fees, according to the state auditor.