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Other post-employment liabilities are more material problems for one in ten state and local governments, according to Moody's Investors Service.
August 27 -
Several cities could eliminate or drastically reduce unfunded pension liabilities, Reason Foundation's Robert Poole found.
August 27 -
Most recently, he was a principal investment officer and head of global equity at the Los Angeles County Employees Retirement Association, or LACERA.
August 18 -
Better funding levels prompted S&P Global Ratings to revise the outlook on the state's BBB-plus GO bond rating to positive from stable.
August 5 -
Lawmakers are considering a bill to credit state employees with three extra years of service for work done outside their homes over nine months of 2020.
July 28 -
A double-digit return will trigger a reduction in the California Public Employees’ Retirement System's discount rate under a risk mitigation policy.
July 14 -
The fiscally strained Chicago suburb's firefighters' fund isn't entitled to share in ARPA relief under a 2018 settlement, a state circuit court judge ruled.
June 28 -
Excessive payments to 24 employees exceeded $470,000 between 2005 and 2018, according to the Massachusetts inspector general's office.
June 22 -
Mayor Jorge Elorza’s $850 million POB proposal sits stalled in the state legislature while state General Treasurer Seth Magaziner called the legislation too risky.
June 18 -
In the bill the governor signed, lawmakers will not approve a plan of adjustment with cuts to pensions, which the current proposed plan includes.
June 9