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Michigan Treasury Rejects Two-Thirds of Local Government Requests to Circumvent New Pension, OPEB Reporting Standards
This is just the first part of the 2017 legislation designed to shore up locally administered pension plans.
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How Return Volatility and Cash Flow Effects Impact Pension Funding
There’s a risk of pension plans being underfunded even when its experience matches up with assumptions over a given period of time.
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City of Harvey’s Pension Liabilities Raise Questions on Municipal and State Responsibility
Harvey, a city south of Chicago, appears to be the canary in the coal mine, as more than 200 other municipalities in Illinois face the real possibility of seeing revenue intercepted due to a 2011 state law.
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California Doesn’t Need to Impose More Regulations on Marijuana Growers — Big or Small
Business face significant compliance burdens and the black market is still thriving.
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Improving Detroit’s Public Golf Courses Demands Longer-Term Solutions
Allowing long-term, multi-course lease arrangements is how Detroit can save and improve its golf courses.
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Milwaukee’s High Discount Rate Concealing Long-Term Pension Funding Issues
Milwaukee's retirement system has been consistently using an aggressively high rate of return assumption, overestimating the return on plan assets and creating the possibility for long-term financial trouble.
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Early Positive Results From Colorado’s Pension Reform
S&P Global Ratings announced that it was revising Colorado’s credit outlook from “negative” to “stable” in light of the passage of major reform.
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Revenue-Risk Concessions Are a Preview of a Future Highway Utility Industry
Highways are a vital public utility, but are not funded and operated like any of our other utilities.
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Pensions and Retiree Health Care Costs Contribute to LA Unified’s Fiscal Woes
A new Reason study finds pension and health care obligations are going to divert a growing proportion of dollars away from public school students and classrooms.