States Turn to New Tool to Sustain Pension System Funding

Stress tests help policymakers plan for the next recession.

New Jersey Bill Would Strip Pensions for Workers Convicted of Sexual Offenses

The bill, passed by committee, requires that the offenses be somehow related to an individual’s public employment.

Pension Crisis Forces Some Oregon Localities to ‘Do Less With Less’

STATE AND LOCAL ROUNDUP | Kentucky governor apologizes … Idaho vs. feds … Philly tax fatigue ... San Diego’s sidewalk lawsuits … and Minnesota’s long winter continues.

The State Pension Funding Gap: 2016

Investment shortfalls, insufficient contributions reduced funded levels for public worker retirement plans

Public Pension Cuts Appear to Be Stifling Recruitment, Study Finds

Benefit reductions can save money, but may also be making it tougher to attract workers to state and local government.

Key Takeaways From a New Survey of Municipal Bond Analysts

STATE AND LOCAL ROUNDUP | Trump suggests prosecution for mayor … Oklahoma teacher strike pushes into 5th day; county’s gift card scandal prompts changes … why St. Louis didn’t make the Amazon HQ2 cut … and Minnesota stinkbugs are on the move.

S&P Nudges Philadelphia's Credit Rating Downward

The city's finances face pressure from public employee pensions and added public school costs are on the horizon.

Kentucky Governor Cites ‘Thug Mentality’ in Teacher Pension Fight

STATE AND LOCAL ROUNDUP | Major storm systems disrupt California and Northeast; Austin’s busy 9-1-1 call center; St. Paul mayor’s inaugural ball funding gap; Vermont’s ‘regressive’ DMV compliance; and Indiana’s new IoT hub.

‘Desperate’ Illinois City Looks to Sell Assets After Big Pension Surprise

STATE AND LOCAL ROUNDUP | Utah governor prays for much-needed snow; Wisconsin’s lead-foot problem; convicted Pa. mayor makes appeal to citizens; and homelessness hits new lows in Lexington, Ky.

With New Jersey’s Pensions in Crisis, a Question of Fiscal Priorities

To lure Amazon’s HQ2, the Garden State is offering more than double its annual contribution to the public pension system—a system that paid out $5.5 billion more in benefits than it accrued last year.

Final Tax Bill Does Not Include Tax on State and Local Pension Plans

An earlier House-approved version of the legislation would have exposed some public pension investments to federal taxation.

GOP Tax Overhaul Could Hit State and Local Pension Plans With Federal Tax

“It's a huge burden,” the executive director of the National Conference on Public Employee Retirement Systems said as he discussed the tax proposal.

'Risk Is Shifting' for State and Local Employees Planning for Retirement

The changes are taking place in an era when some state and local governments are struggling with pension costs.

Funding Gaps in Pensions and Infrastructure: A Match Made In Queensland

Can two major funding headaches fix each other's problems?

State and Local Pension Plans Shift Toward ‘Alternative’ Investments

New research from the Center for Retirement Research at Boston College sheds some light on how that looks and what it means.

Debt-Laden New Jersey Struggles to Make Ends Meet

The Garden State faces a tight squeeze on public programs and experts see big trouble in the not-so-distant future after years of pension underfunding.

Hartford Suffers Downgrade, as Connecticut Struggles With Its Budget

Uncertainty about state aid has analysts concerned about capital city’s general obligation and stadium bonds.

Why Would Congress Bail Out Miners’ Pensions?

If legislators on Capitol Hill don’t act by the end of April, miners will lose their health-care benefits. They may soon lose their retirement benefits, too.