The General Assembly has allocated $400,000 from next years budget for the creation of the Connecticut Retirement Security Board, to be run within the State Comptrollers Office.
Californias non-partisan Legislative Analysts Office is insisting Californias legislature make CalSTRS its top budget priority, given its massive unfunded liability and the relatively fast growth of the funds debts.
Several of the biggest names in the 401(k) industry received rating changes in April. Blackrock Capital Aggregation fund was upgraded to Bronze from neutral. Diamond Hill small-cap fund was upgraded to gold from silver.
Publicsectorinc.org has built an interactive pension calculator tool that allows individuals to calculate the monthly retirement benefits public servants get when they retire.
The typical U.S. corporate pension plans funding status declined by 1.1 percentage points to 91 percent in April as liabilities increased faster than assets.