Pension contributions

Oklahoma Gov. Mary Fallin signed a bill last week to increase employee and employer contributions for new hires in the $1.8 billion Oklahoma Firefighters Pension and Retirement System, Oklahoma City.

The biggest U.S. city in bankruptcy, Stockton is preparing a plan for paying debt that may propose compensating some creditors less than the principal owed, setting up a likely court challenge from the creditors that the city's pension contributions be subject to cuts.

CalPERS approved a proposal to change how it counts investment losses and gains aimed at filling $87 billion in unfunded obligations.

California taxpayers might see the municipal pension contributions they fund for the $258.3 billion California Public Employees' Retirement System rise as much as 50% under a plan to fill $87 billion in unfunded obligations.

New York State Teachers' Retirement System on Tuesday endorsed a state law that gives school districts and charter schools the option to make preset annual contributions to the pension system rather than actuarially required contributions.

Public pension executives are facing a paperwork tsunami this year. Not only do new financial reporting rules from the Governmental Accounting Standards Board start going into effect this June, but Moody's Investors Service Inc. is implementing — starting this month — a new set of calculations that

Fujitsu Ltd. will contribute £800 million ($1.2 billion) to its U.K. pension funds this year, and an additional £20 million annually in an attempt to remove a £1.6 billion deficit by 2032, according to a spokesman.

New York Gov. Andrew Cuomo, pressed by critics including Comptroller Thomas DiNapoli, dropped a plan meant to give pension-cost certainty to local officials that might have left the system unable to pay benefits

The two largest public pension funds in the Connecticut Retirement Plans & Trust Funds, Hartford, will have to sell an estimated total of $427.8 million in investments by June 30 to offset a projected cash flow shortage, according to report by the state treasurer's office.

Corporations have added $1 trillion in assets to their defined benefit pension plans in the last four years, only to see their average funded status remain essentially static and their aggregate unfunded level grow 15% to an estimated $441 billion, according to a J.P. Morgan Asset Management Inc.

The Kentucky House of Representatives passed an amended pension reform bill Wednesday that would keep new state employees in a defined benefit plan in the $14 billion Kentucky Retirement Systems, Frankfort, but the Senate later rejected that measure.