Newsmakers
New Illinois Law Authorizes $1 Billion in Pension Obligation Bonds and Extends Buyout Option
The law is the latest in a series of legislative moves to improve struggling Illinois pensions.
Tag: Pension Buyout
Risk
UK Pension Risk Transfer Market to Quadruple in Decade
Mercer expects UK bulk annuity market to top £40 billion this year.
Market Moves
Plan to Merge Strapped Illinois Local Pension Plans Raises Doubts
The state, facing a big shortfall in its own retirement programs, tries to eke out savings from municipal plans.
Newsmakers
Illinois Pension Buyout Program Falls over $400 Million Short of Goal
Buyout plans were expected to save $423 million, but only saved $13.1 million.