
Asset Allocation
Record Returns Spur NY to Cut Assumed Return Rate to Below 6%
Employer contributions are also being reduced, while COLAs will be increased.
Workers would take on up to 78% of the increase in liabilities and 88% of the contribution increases.
Rhode Island city had been sued for suspending police, firefighter COLAs.
High court reluctantly rejects challenge to 10-year suspension of COLAs.
Proposes three-year suspension on COLA adjustments to help attain 100% funded status by 2043.