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Swain rejected several legal challenges to the Plan of Adjustment. The Oversight Board must file a final amended plan by Friday.
January 11 -
One observer questions if enough money is available.
January 3 -
This would be fourth attempt to refund the islands' debts. Moody's Investors Service projects the island's pension fund will run out of cash by the start of fiscal 2024.
December 29 -
Pension laws had been perhaps the key issue that could have scuttled the island's debt restructuring deal.
December 28 -
The New York State Common Retirement Fund also said it invested $2 billion in an index focused on reducing the risks of climate change and capitalizing on opportunities in the transition to a low-carbon economy.
December 23 -
The Illinois Municipal League will press lawmakers to support giving local governments more time to hit a 90% funded ratio and lowering the target to 80%.
December 21 -
Alex Doñé will leave the city comptroller's office at year's end when Scott Stringer's term ends; deputy CIO Michael Haddad will fill the interim position.
December 13 -
Illinois' unfunded pension tab dropped slightly to $139.9 billion from $141 billion on an actuarial basis while the market value view saw a $14 billion cut thanks to exceptional returns.
December 9 -
A U.S. Department of Labor action has halted all federal grant funding to California transit agencies, in a rerun of a 2013 dispute.
December 2 -
The governor wants to use savings to address the islands' $3.3 billion pension underfunding.
November 30