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The economic ripple of benefits paid to CalPERS' retirees and their family members generated tens of billions of dollars in economic activity in fiscal 2011-12, the fund reported Tuesday, while CalPERS' investments poured billions more into the state.
A House panel has agreed to advance its version of overhauling the Florida Retirement System, despite much opposition from public employees and Democrats. The newer pension reform proposal is similar to a plan that died in the Senate last year. (AUDIO)
Chicago Mayor Seeks Alterations to Repair Badly Underfunded Pension Plan
Contending with one of the most poorly funded pension systems among the nation's major cities, Mayor Rahm Emanuel's administration has begun an urgent push to require some city workers to pay more for their retirement benefits and to raise property taxes for Chicagoans.
Detroit's Revised Debt Plan May Cut Pensions Deeper
The city of Detroit on Monday evening proposed new details, including potentially larger cuts to pensions for some retirees, for its plan for paying off portions of its debts and emerging this year from the nation's largest municipal bankruptcy.
Pennsylvania school districts are selling the least municipal debt in seven years as localities nationwide respond to calls for austerity even with yields close to generational lows.
When will Rhode Islanders stop debating public employee pensions? RIPR political analyst Scott MacKay says that won't happen anytime soon.
Pension settlement deal defeated
(Rhode Island) The State and the Public employees unions have been ordered back into mediation after one of the six voting groups rejected the proposed pension settlement.
Canada's pension funds are looking to increase investment in electricity companies that will need to raise C$350 billion ($317 billion) for infrastructure financing by 2030, according to Jim Burpee, head of a national industry group.
Opinions
Letter: Pension funds aren't the real monsters
Dear Editor: Cameron Smith with the conservative Alabama Policy Institute is asserting that the Retirement Systems of Alabama and other defined-benefit pension plans are monsters.
