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 - The California State Teachers' Retirement System (CalSTRS) has been labelled as "high risk" and is expected to run out of money in the next 30 years, a new state auditor report claims.
US - Fitch Ratings has rated the credit enhancement programmes (CEP) offered by California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) "AAA" and "AA+", respectively.
US - Senior officials at ten pension funds have written a letter urging President Barack Obama and congress to act quickly to raise the debt ceiling and address the budget deficit or face dire consequences.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
US - The California State Teachers' Retirement System said its engagement efforts successfully resulted in the withdrawal of 21 proposals for a majority vote in corporate board elections in the 2011 proxy season.
US - The country's two largest pension funds brought in record returns in for the year ended 30 June 2011 with CalSTRS returning 23.1% and CalPERS, 20.7%, though officials at both pointed to concerns about the US economy going forward.
US - The California State Teachers' Retirement System (CalSTRS) has withdrawn all eight of its board diversity shareholder proposals filed during the 2011 proxy season after successfully engaging companies to reconsider their director searches.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.