A forensic pension investigator was hired to provide clarity about the fund’s investments, the high fees it pays to big Wall ...

“Coming into 2025, state and local pension funds were fragile, with just an average 80.2% funded ratio and $1.37 trillion in pension debt. The financial market shock of the last few days is ...

Heading into 2025, state and local pension funds overall were "fragile," with just an average 80.2% funded ratio and $1.37 trillion in pension debt, according to the issue brief.