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An overhaul trimmed $7 billion from the fund's pension liability, but an $11.7 billion liability remains.
June 6 -
They see aggressive assumptions and a failure to tackle long-term problems like pension underfunding.
June 1 -
Moody's Investors Service issued a sobering take on the state's liabilities as lawmakers celebrated passage of an on-time budget.
May 31 -
Rep. Mike Tobash and Treasurer Joe Torsella chair a panel that will seek a combined $3 billion in savings for the state's two top pension plans.
May 31 -
A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.
May 31 -
Scott Evans, chief investment officer of New York City’s $194 billion of pension funds, will step down at the end of the fiscal year June 29.
May 29 -
The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.
May 29 -
The Municipal Stability Board gave more than 100 local governments until November to come up with a plan for their underfunded retirement plans.
May 29 -
The District of Columbia was praised for tackling the funding needs for maintaining its critical infrastructure by a rating agency concerned about deferral of such maintenance by states and local governments.
May 25 -
Harvey's revenue bondholders will get a piece of the city's intercepted revenues while the police fund has to wait.
May 24