Proposed two-part pension system mired in controversy.
CEO/CIO Harris to renegotiate fees with endowment’s managers.
New rules apply to managers of defined contribution plans.
Review says underperforming Mandatory Provident Fund is overdue for an overhaul.
Regulator says trustees showed “reckless disregard” and a “lack of integrity.”
State treasury holds up $581 million in obligations to PSERS.
Fund returned 499 billion kroner in H1 2017.
CEO says portfolio has ‘deep structural problems.’
Committee proposes a reduction in benefits for state workers in two delinquent districts.
Assistant executive officer to become interim CEO.
Actuaries debunk treasurer’s “crisis” warning.
Suggests MOSERS lower expectations, investment fees.
Board approves up to $700 million in private equity, multi-strategy real estate commitments.
Fund manager debuts dividend growth fund, and small-cap equity fund.
Former infrastructure consultant, real estate consultant named as potential immediate replacements.