Virus Downturn Will Further Strain Troubled Public Pension Funds
New research warns that the nation’s worst-off retirement plans for state and local government workers “face the risk of running out of assets in the foreseeable future" if there's a slow recovery.
What the Coronavirus Stock Meltdown Could Mean for Pensions
It’s not looking good, but don’t panic just yet.
Deep Dive Into State Budgeting Practices Finds Improvements
But circumstances vary widely between states, while pension and health care costs remain a concern.
Pension Cuts May Pose Special Risks For Public Workers Not Covered by Social Security
About 5 million state and local workers are outside of the federal retirement program.
Boomer and Millennial Public Workers Agree Pensions are a Plus
No matter their age, most state and local government employees in a recent survey said retirement benefits are a big factor in why they stay at their jobs.
Legal Challenge Over $14 Billion in State Debt Is Sidelined For Now
A judge has blocked the Illinois case from proceeding, but the think tank CEO who brought it says he plans to appeal.
City Voters Reject Plan to Cap Spending and Divert Savings Toward Pensions
The ballot initiative in Phoenix is on track to fail by a wide margin.
Voters in One City to Decide On an Unusual Pension Funding Proposal
A pending ballot proposition in Phoenix calls for imposing strict limits on city spending until funding for the city’s retirement programs reaches a certain threshold.
It Matters Who Sits on Pension Boards and How Big They Are, Study Suggests
Researchers found investment returns are likely affected by the size of the boards, the expertise of members and other factors.
Gap Grows Between Well-Off and Troubled State Public Pension Plans
The findings from The Pew Charitable Trusts come as the U.S. enters a record phase of economic expansion.
‘Contrarian’ State Pension Plan is One of The Nation’s Best-Funded
South Dakota's retirement system for public employees has been over 90 percent funded for nearly two decades. The state's investment officer discusses how its assets are managed.
A State Forges Ahead With a Controversial Plan to Control Pension Costs
Public employee unions have decried the pension measure as unfair, but Oregon Gov. Kate Brown and others have framed it as a needed step to ease the strain on government finances.
Pensions Have Shifted To Riskier Investments, Ratings Agency Finds
But the new report says that this trend isn’t necessarily producing stronger returns.
State and Local Government Pay and Benefit Growth Has Outpaced Private Sector, Report Finds
But government employers still say they’re struggling to fill some jobs.
Shedding More Light on Fees a State Pension Fund Pays Wall Street
A bill in Maryland aims to do so. But provisions to restrict the investment fees have been stripped from the measure.
State Bill Seeks to Clamp Down on Pension Benefits for Lawbreakers
Pennsylvania Gov. Tom Wolf is expected to sign the legislation.
State Supreme Court Rules Pension Credits Don't Deserve Special Protection
But it stops short of reworking the “California Rule,” which restricts how retirement benefits can be altered in some states.
Teachers Union Raises Red Flags Over Pension Investments in Private Prisons
The American Federation of Teachers characterizes the corrections sector as problematic territory for retirement funds.
A State Pension Proposal That Promises Near-Term Savings, But Higher Future Costs
Kansas Gov. Laura Kelly included the “reamortization” plan in her first budget. It’s proving to be controversial.
Pennsylvania Pension Commission Flags Upwards of $1 Billion in Investment Costs for One Year
The sum earned by investment managers from one pension fund exceeded employee contributions for the same period.
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