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The American Federation of Teachers is urging public pensions to review investments with Chicago-based GTCR, a private-equity firm where Rauner was chairman before stepping down in 2012.

The POA has mounted a concerted effort to reduce staffing in our police department, which has undermined the department and increased the workload on the remaining officers, said Mayor Reed via email to BenefitsPro.

The bungalow suburb of 37,000 residents asked Michigan for a review of its finances, which are so shaky that it diverted $2.5 million to pensions from a water and sewer account.

Like everyone else who dines at a restaurant in Omaha, Nebraska, Buffett is charged a 2.5 percent tax thats used in part to defray $850 million in unfunded retirement expenses for city workers.

More than 90 objections were posted on the U.S. Bankruptcy Court website today, each one or two pages long and asking Judge Steven Rhodes to reject Detroits proposed plan of adjustment.

A group of California mayors is opposing a pension-reform referendum that would empower them to reduce expenses while risking their support from unions.

The billionaire investor says public pension plans threaten the financial health of U.S. cities and states more than taxpayers realize.

The Firefighters' Retirement System, the Municipal Employees Retirement System and the New Orleans Firefighters Pension and Relief Fund invested a combined $100 million with Alphonse Fletcher Jr., a Wall Street financier.