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(Bloomberg) -- Four of New York City’s five public employee pension funds are boosting their allocations to illiquid investments like private equity in an effort to hit an annual investment return goal.Most Read from BloombergBoeing Slumps After Panel Blowout Leads to Partial 737 GroundingMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysChina Says It Caught Foreign Consultant Spying for UK’s MI6Boards of directors for the retirement funds for teachers, police officers, firefighters and ci

According to Andrew G. Biggs, the reason teacher pension funding has suffered so much over the past two decades is that teacher pension plans overestimated the rate of return they would receive on their investment.

Aldeman: It's a big claim, but the Windy City's teacher retirement plan is arguably the worst in the country. Here are the numbers that back it up

How to properly calculate the cost of public defined-benefit pension benefits, compares the cost of these benefits to private-sector retirement plans, and refutes two of common arguments that public pension benefits are somehow modest.

Researchers have found a new way to determine discount rates and allow pension funds to get a more accurate picture of their financial health.