Treasury unit would allow pension plans to borrow money to remain solvent.
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Communication Workers Union says a major industrial relations showdown looks inevitable.
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
Coalition calls for less generous plans, but nixes switch to DC.
$750 million will go to the city’s police pension, and $250 million to the municipal workers' pension.
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Downgrade would place the state’s credit rating below investment grade.
Lawsuit cites 2015 Audit Report that said the payments disregarded the laws governing pension plans.
If the two rumored candidates are confirmed, the board will see its first Republican majority since the Bush administration.
Sotomayor comments suggest decision goes against spirit of ERISA exemption.
Pension fund claims bill violates the Texas state constitution.
“Pay-to-play” scheme lavished NYSCRF pension fund director with entertainment, travel, and meals.
Fund faulted for using assumptions that contradicted its own information.