The pension long has been a standard part of retirement for many Americans, particularly for public sector employees like police officers and teachers. Offering a pension -- a set annual income for ...

The city of St. Helena’s recently adopted budget was an austere one that, like most compromises, left everyone a little unhappy. Yet it didn’t address one of St. Helena’s most formidable financial ...

Long-term liabilities are not always top of mind for state policymakers because they are paid for over decades. Yet, when they grow faster than a state’s revenue, those liabilities can squeeze state ...

(The Center Square) - Arizona ranked 17th in the nation in unfunded pension liabilities, according to a new report from the Reason Foundation. Arizona had a total of $27.3 billion in pension debt, ...

Thanks to a roaring stock market and a massive increase in taxpayer funding, Illinois is making progress in taming the unfunded pension liability monster that has haunted state finances for a ...

SAN FRANCISCO, Dec 5 (Reuters) - Alaska Governor Sean Parnell will urge in his fiscal 2015 budget plan that the state tap $3 billion in one of its savings accounts to pay down a combined $11.9 billion ...

Illinois led the nation with nearly $16,000 per capita in unfunded state and local pension liabilities at the end of fiscal year 2024, while Connecticut ranked second with about $10,000 per capita in ...

CHICAGO (Reuters) - Illinois' growing unfunded pension liability, which increased by $3.8 billion to $137.3 billion at the end of fiscal 2019, underscores the need for state action to boost funding or ...

Industry data indicate that the majority of the Retirement Savings Accounts under the rebranded Personal Pension Plan were largely unfunded, marking a glaring disparity between registration and actual ...