Similar DROP programs were rife with controversy in San Diego and Los Angeles, but county officials are pushing ahead with the plan in a bid to curb overtime costs at the Sheriff’s Office.

Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says.

CalPERS is the largest public pension fund in the United States, with its investment office managing more than $500 billion ...

End the public pension gamble Benefit plans for big blue states like New York, California and Illinois are badly underfunded ...

Pension plans are funded by contributions from employers and occasionally from employees. Public employee pension plans tend to be more generous than ones from private employers.

States and school districts will continue to shoulder the heavy financial burden of bankrolling retirement plans for public school employees and paying off debt servicing on underfunded plans.

86% of Americans say all workers should have a pension, not just public workers While companies like Boeing and 3M are phasing out their pension plans, more and more employees see the pension as a ...

Across the states, America’s public employee pension plans are a ticking, insolvent time bomb.

Across the states, America’s public employee pension plans are a ticking, insolvent time bomb. “For most states,” the Pew State Fiscal Health Project said in July 2022, “unfunded pension ...

Several bills seek to make the fund solvent but diverge on whether to preserve the defined-benefit public pension plan or transition to a defined-contribution plan for future employees.

From California to Vermont, state pension funds are holding on to investments in oil companies, with "active investing" preferred over divestment.

The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a ...