The Dallas Police and Fire Pension System was 90 percent funded a decade ago -- but it could be out of cash in 15 years.

Municipalities and states will have to record the cost of health insurance and other benefits besides pensions in financial statements.

States and localities have shortchanged their retirement plans while services such as schools and crumbling infrastructure scream for resources.

A 15.5 percent return in fiscal 2014 wasnt enough to bolster the Kentucky Employees Retirement System.

While there are pockets of success, state plans last year had 75 percent of what they needed to meet retirement obligations.

John Arnold, a Houston Democrat, has inserted his foundation into political fights over how to deal with the rising cost of state and local government pensions.

Gains also are being driven by limits on cost-of-living adjustments, delayed retirement and more reliance on funding from workers.

The union said Treasurer Janet Cowell is failing to disclose all direct and indirect placement fees, asset fees, performance fees and any other management fees in the $86 billion pension fund.