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As state courts across the nation prepare to referee numerous public pension reform disputes, a gaggle of interested parties - from major corporations to the Koch brothers - will next week sponsor an expenses-paid conference on public pension reform for judges who may decide the cases' fates
When you think of the term "public pension fund," you probably imagine hyper-cautious investment strategies kept in check by no-nonsense fiduciary laws.
Lawmakers in Connecticut and other states are responding to a widespread loss of private-sector pensions, a lack of access to employer-sponsored retirement accounts in smaller businesses and stagnant incomes that make it hard for workers to contribute to their own retirement plan or company account.
Public pensions' finances are rebounding as the plans post stronger investment returns and receive better funding from state and local governments, according to an association of pension officials.
A Path to Retirement, for Those Far From it
There is a big retirement problem in America, maybe even a crisis. Many working people won't have enough money to leave their jobs and live in comfort and security. How many are in jeopardy is debatable, but the problem's existence is not.
More than five years after Lehman Brothers filed for bankruptcy and sent shock waves through the global economy, CalPERS is still working the court system to recover its mammoth losses.
The Jacksonville Police and Pension Fund's board chairman said Monday the goal of upcoming talks with Mayor Alvin Brown will be achieving pension reforms that are fair and financially sustainable for the city and for the fund's members - police and firefighters.
(Maryland) Some future city workers will receive a 401(k)-style retirement plan rather than traditional pensions under a sweeping plan approved Monday by the City Council.
Detroit won bankruptcy court approval of an explanatory statement that creditors will receive before they vote on a debt-adjustment proposal to reduce employee pensions and cut bond debt.
U.S. Bankruptcy Judge Steven Rhodes on Monday paved the way for a historic vote to begin next week on Detroit's plan to shed billions in debt, while two public safety unions inked contract deals and the city's largest police union held out for a better offer.
