Several state legislatures took steps in 2024 to ... employer contributions to their retirement systems, manage how unfunded liabilities are paid down, and take advantage of surplus revenues ...

A solid year for the U.S. stock markets resulted in better-than-expected returns for state and local pensions last year. However, that boost may not be enough to pull them out of trouble.

Importantly, this figure only reflects the state’s debt. Local governments carry nearly an equivalent amount of unfunded liabilities. To address this, government employer contributions made by ...

On April 1, nine suburban townships will ask their community of voters about three pressing issues affecting Illinois and its ...

LANSING — Billions of dollars in annual payments to reduce government pension liabilities are finally resulting in the state having more available cash to spend on programs, Gov. Gretchen ...

In doing so, Reason Foundation said that transition could potentially inflate the state employee retirement services plan's unfunded liabilities from its current $5.4 billion to “well over $8 ...

Importantly, this figure only reflects the state’s debt. Local governments carry nearly an equivalent amount of unfunded liabilities. To address this, government employer contributions made by ...