Pensions

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.

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.

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?