Six years ago, as California strained to emerge from the Great Recession, Gov. Jerry Brown worked a minor political miracle—a rebalancing of the massive state pension systems for public employees....

Bruce Rauner was initially low-key following his big re-election loss last month, but the outgoing Republican governor changed course recently as he fired a bitter parting shot at Democrats who will soon control every level of state government.

Dizzying developments in the Panama and Paradise Papers, the special counsel investigation and the central role that professionals have played bear consideration by Congress in January.

The study released Thursday by a consulting firm said the Iowa Public Employees' Retirement System's long-term unfunded liabilities will likely grow to $7 billion over the next five years, The Des Moines Register reported. The unfunded liabilities will then begin to gradually decline and fully disappear by 2046, according to the study's predictions.

Five months ago, the U.S. Supreme Court dealt what was seen as a massive blow to unions in Janus v. AFSCME.The justices banned the collection of union fees from public workers who receive union-negotiated benefits but choose not to belong to the union.

The Public Employee Retirement System’s chief number cruncher, actuary Milliman Inc., delivers projections to the PERS Board once a year detailing what the system’s funded status, unfunded liability and employers’ costs will look like under various investment return scenarios.

That’s the increase between the deficit for fiscal year 2015 and fiscal year 2018— that is, the difference between the fiscal year before Ryan became speaker of the House and the fiscal year in which he retired.

The Department of Defense finally submitted to an audit. The move has technically been a requirement since Congress passed the “Chief Financial Officers Act of 1990” (when yours truly was a 2nd Lt.), but the DoD, as the world’s largest enterprise, has resisted. But this year, it could delay no longer, and the results aren’t pretty. They’re also fodder for a ton of misinformation.

Cryptocurrency enthusiasts have a secret fear. It’s not that people won’t use digital coins, causing values to collapse and wiping out their investments; crypto fans believe that there will always be a demand for a digital currency that can be transferred immediately around the world and for negligible cost.

The most striking feature of Canada’s retirement system is arguably the large and growing gap between pensions in the public and private sectors. Eighty percent of public sector workers participate in defined benefit (DB) pension plans. Only ten percent of private sector workers can make the same claim.