YRC creditors, Teamsters OK restructuring plan
Trucking company YRC Worldwide Inc. said Friday it has reached definitive agreements with a majority of its lenders, pension funds and the Teamsters union on a restructuring plan. Full story
State pension fund assets down $643.1 billion in 2009
The value of assets in state retirement systems fell by $641.3 billion to $2 trillion in 2009, the U.S. Census Bureau said in a report on Thursday that showed the deep damage done to pension funds by the financial crisis. Full story
Cuomo proposes new NY pension fund restrictions
The Cuomo administration announced plans Tuesday to make permanent the recent restrictions on who can do business with the $141 billion state pension fund and add elected officials to the list in an effort to prevent political favoritism. Full story
NY government bars elected officials from pension business
New York elected officials, lobbyists and placement agents will be permanently barred from dealing with the state's pension fund under new rules Governor Andrew Cuomo proposed on Tuesday. Full story
ND House votes to bolster teacher pension fund
Big contribution increases for North Dakota's teacher pension funds in the next four years have won approval in the state House. Full story
Disgraced city official set up secret pension fund
A former public official accused of orchestrating a scam that nearly bankrupted a working-class Los Angeles suburb set up a secret pension fund containing $4.5 million to skirt retirement limits for California public employees, according to a newspaper report Monday. Full story
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Market's Trillion Dollar Hurdle: Pensions
CNBC's Herb Greenberg has the story on the trillions of dollars of stock investments in pension funds that may be primed to hit the market as companies ponder closing these funds.
