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The average funded ratio of suburban and downstate Illinois public safety funds is 51%.
February 26 -
Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.
February 26 -
The power of public employee unions to influence elections and their wage and benefit arrangements could be at stake.
February 23 -
CalPERS' decision to shorten amortization period could further challenge local governments in California.
February 21 -
The California Supreme Court could upend legal assumptions about public employee pensions.
February 20 -
The unfunded pension burden for Chicago, Cook County, and other local funds hit $50 billion in fiscal 2016.
February 20 -
“We’re headed to a place where we don’t necessarily want to be,” said the city's chief financial officer.
February 16 -
Harvey, Illinois can ill afford higher pension contributions as it's yet to make good on defaulted bond payments.
February 9 -
Rising unfunded pension and healthcare liabilities and bond financing plans led a state committee to recommend increasing the debt cap.
February 8 -
Chicago has yet to identify to how it will pay for higher future pension funding, but Kroll says the city can manage.
February 5