Funding levels for more than 100 reviewed retirement systems rose faster than liabilities, narrowing the combined gap to $160.7 billion from $176.9 billion.

New York states pension fund is giving Goldman Sachs Asset Management $2 billion to invest in global stocks.

The U.S. Securities and Exchange Commission charged Kansas with failing to disclose a multibillion-dollar pension liability to bond investors.

Public pensions had median increases of 16.9 percent for the 12 months ended June 30.

Total assets of the funds for the city's firefighters, police officers, teachers, school administrators and civil servants grew to $160.5 billion, the highest ever to end a fiscal year.

New York City Comptroller Scott Stringer said the citys $148 billion pension funds withdrew shareholder requests that Jarden Corp. and Microchip Technology Inc. diversify after they appointed women to their boards.

Orange County, Californias $11.5 billion pension is putting together a fund open to smaller retirement plans to give them access to private-equity investments at a lower cost.

The American Federation of Teachers is urging public pensions to review investments with Chicago-based GTCR, a private-equity firm where Rauner was chairman before stepping down in 2012.