Portions of New York's $128 billion public pension fund will be invested in housing, transportation and utility work to help prevent damages from any future storm.

Republican Comptroller Susan Combs said Tuesday "there are some warning signs in Texas" surrounding certain public-employee pension obligations but defended the stability of the state's largest retirement funds that total $139 billion and could face calls for reform next year.

Fearing that more California cities will use bankruptcy as a way of side-stepping their pension obligations, CalPERS is threatening to sue San Bernardino.

Retirement plan private-equity investments end up consuming workers' prospects, and their pension benefits. How ironic.