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Jacksonville, rated the second level of investment grade by Moodys Investors Service, wants JEA, which provides water and electricity to the states most populous city, to contribute $40 million annually to help avoid a downgrade.

State Treasurer Janet Cowell, who is one of the few public pension administrators empowered to act as sole fiduciary, reported that the fund ended last year with $86 billion in assets, a rise of $8 billion for the year.

Feb. 19 (Bloomberg) -- The Los Angeles Unified School District, the nation’s largest outside New York City, owes so much for retiree health care…

Thee Los Angeles Unified School District, the nations largest outside New York City, owes so much for retiree health care that paying off its debt would cost $17,500 for each student

Rhode Island officials and union leaders said they reached a deal to settle challenges to public pension-overhaul laws aimed at strengthening one of the U.S.s most underfunded retirement programs.

The move will help lower the unfunded pension liabilities in the $8 billion Oklahoma Public Employees Retirement System.

Most of the growth will be in defined contribution plans, although a report from PricewaterhouseCoopers says traditional pension plans will remain viable until mid-century.

When the company made the announcement last week, many people in the industry said they would believe it when they see it. Schwab announced more than two years ago that it would develop an ETF-based 401(k) platform but never rolled one out.