Pension Funds | featured news

The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on Monday.

Treasury Secretary Timothy Geithner said Monday that he will immediately halt investments in two big government pension plans so the government can continue to borrow money....

Former New York state controller Alan Hevesi, apologizing for his acts of “shame,” was sentenced Friday to one to four years in prison for his leading role in an influence-peddling scandal at the state’s massive pension fund.

Chrysler’s sale to Fiat is on hold until Monday while Indiana’s pension funds appeal to the Supreme Court.

Barrett Wissman is the first investment executive to be implicated in an investigation of corruption at the New York state pension fund.