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 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.

The Promise and Peril of Borrowing Money to Manage Pension Costs

Chicago Mayor Rahm Emanuel last week proposed issuing bonds to improve the city’s pension funding levels. Is that a good idea?

Kentucky Governor Gives Short Notice on Pension Special Session

Days after the state Supreme Court strikes down a controversial pension reform law, teachers and other public employees rush to Frankfort—again.

The Reason Why Kentucky’s Pension Reform Law Was Struck Down

Gov. Matt Bevin, who championed the legislation, called Thursday’s state Supreme Court ruling “an unprecedented power grab by activists judges.”

Chicago’s Pension Fix Might Involve Marijuana

STATE AND LOCAL ROUNDUP | California proposal calls for text messaging fees … Philly mayor’s office to pay interns … and Anchorage quake damage data.

When Rehiring Retired Public Workers, Guidelines Can Be Key

New research takes a look at post-retirement employment policies in states across the U.S.

A Bipartisan Legislative Initiative to Address a Bleak State Budget Situation

COMMENTARY | Any fiscal expert looking at New Jersey’s budget situation would quickly come to the conclusion that the underfunded pension system is the place to start, the state’s former comptroller and budget director says.

A Growing Gap Between Healthier and Worse Off Pension Plans

New research offers a dim assessment of some of the most poorly funded state and local public retirement systems.

Study Shows Why State Pension Plans May Want to Avoid External Asset Management

STATE AND LOCAL ROUNDUP | Rare polio-like disease spreads to 22 states … Tornado Alley’s eastward shift … and disaster unemployment insurance in Florida.

Bill Would Rework Limits on Social Security for Some Public Workers

It’s the latest effort by lawmakers to overhaul the “Windfall Elimination Provision," which affects benefits for thousands of state and local government employees around the U.S.

Lawsuit Will Test State Plan to Shift Retiree Drug Coverage to Medicare

Maryland enacted changes to save billions of dollars on health care coverage for retired public employees. But a rollback of prescription drug benefits has led to a court challenge.

An Important Pension Lesson: Why You Shouldn’t Use ‘Discount Rate’ and ‘Investment Rate’ Interchangeably

COMMENTARY | New Jersey’s former state comptroller and budget director discusses why pension rules for the discount rate are confusing, not comparable and troubling.

Stress Testing Can Help Troubled State Public Pension Funds

A new analysis shows benefits of considering a range of factors and scenarios.