Newsmakers

Treasury says lowering investment, inflation assumptions will avoid $500 million shortfall.

Houston firefighters’ pension opposes the bill, and is considering legal action.

British employees of the automaker have been on industrial action since April.

Judge rules pension was within right to add discretionary increases.  

New application raises return assumptions and lowers proposed reductions.

Fund is expected to become insolvent in 18 years without major cash infusion from taxpayers.

At the recent SALT conference, SkyBridge Capital Founder Anthony Scaramucci commented on his unrealized public liaison position.  

The deal that averted the strike proposed by 2,000 workers.

City would have to fund retroactive pensions for more than 3,000 workers if overturned.

The right partners will make or break market, IFC panelists agree.

Gov. Brown says supplemental payment will save state $11 billion over 20 years.

But some participants see the contribution as a precursor to closing the fund.

City can move ahead with pension plan changes to relieve debt problem.

Founder of Saeculum Capital Management has been re-nominated after being withdrawn from consideration earlier this year.

Board “reluctantly” agrees to close sections of the pension plan.