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Nossaman renames its pension practice to reflect a broader service offering as Michelle McCarthy comes on board.
March 8 -
The demographics of the public-sector workforce are likely to change, even as many state and local governments consider increasing wages and improving other benefits to attract and retain employees.
February 14Build America Mutual -
Illinois' net position for governmental activities remains deep in the red but after years of falling further behind, it trimmed the gap in fiscal 2022.
February 2 -
Most of the blame is placed on overall poor marketplace performance, strict monetary policy, and the war in Ukraine.
January 11 -
The $242 million payment that's being made in addition to regularly scheduled contributions launches the city's policy aimed at staving off growth in its unfunded liabilities, a goal made all the more urgent by the beating pension funds are taking on their investments.
January 6 -
Strong 2021 contribution levels continue a trend that began with pension reforms made in the wake of the Great Recession.
January 3 -
As rising interest rates take pension obligation bonds off the table, city finance managers are looking to other methods to manage unfunded pension obligations.
December 15 -
Illinois' unfunded pension tab improved slightly in 2022 because 2021 returns still play a role in the actuarial assessment through smoothed investment returns.
December 8 -
A separate report showed the state's workforce declined by 1% between 2011 and 2021 while the workforce increased 5.1% nationally during that time frame.
November 23 -
Fitch and S&P downgraded the city as it grapples with rising costs, limited revenue prospects and a looming pension funding spike.
November 21