Major new accounting principles look set to overhaul how US public plans present their finances. Helen Morrissey looks at how these changes could affect a sector struggling to deal with its liabilities
Jay Cooper reports on how conversations are stirring in the US about whether or not the government business model is the best fit for public schemes
US - California Governor Edmund Brown has proposed a set of seven bills aimed at eliminating public-employee pension abuses in the state.
US - Orange County, California has lost its appeal of a lower court's ruling that a 2001 retroactive increase in retirement benefits for the county's deputy sheriffs didn't violate the state's constitution.
US - California faces liabilities that may exceed five times its annual tax revenue within two years unless lawmakers rein in benefits, according to a study.
US - California Governor Arnold Schwarzenegger's administration has reached a tentative agreement with state employee unions over pension reforms.
US - The California Public Employees' Retirement System (CalPERS) Board of Administration publicly reprimanded board member Priya Sara Mathur for repeatedly failing to file personal and campaign financial disclosure statements required by law.
US - The California Public Employees' Retirement System (CalPERS) will review forecasts of capital market returns in preparation for the adoption of a new three-year asset allocation policy in December.
US - Californian schemes have dismissed the conclusions of a study by the Stanford Institute for Economic Policy Research (SIEPR), which claimed the funding level of the three largest Californian pension funds has so far been understated due to the accounting...
GLOBAL - Top US and Australian pension funds are supporting a resolution filed by a group of investors from all over the world asking British Petroleum (BP) to disclose information on oil sand projects.