Korea Proposes Pension Reform
The world’s third-largest pension fund is in jeopardy of being depleted by 2057.
Newsmakers
Kentucky Gov. Calls Special Legislative Session to Address Pension Crisis
State house introduces two pension reform bills during late-night meeting.
NYC Comptroller Calls on CBS, Alphabet to End ‘Inequitable Practices’
Proposals demand end to nondisclosure agreements and noncompete clauses.
CalPERS Investment Returns Are in Negative Territory
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
NY State, Church of England Team Up on Exxon over Emissions
They lead investor group, with $19 trillion in assets, demanding the oil titan divulge greenhouse gas targets.
CalPERS Would Be Forced to Divest from Private Prison Companies
The largest US pension plan would need to sell its investments in two private prison companies under legislation sponsored by California lawmaker Rob Bonta.
Kentucky Supreme Court Strikes Down Pension Law
Hurried legislation tucked in a sewage bill ruled by court as unconstitutional.
Washington State Makes New Private Market Commitments
The majority of the $700 million commitment deployed as part of a network of real estate organizations controlled by the pension plan.
MetLife Sued over Pension Calculations
Insurance firm is accused of improperly reducing retiree benefits.
In Crowd of more than 300, 105 Leading Asset Owners Celebrate Nominees during CIO Innovation Awards
Celebration of an extraordinary year draws large, vibrant group of CIOs and leading investors.
Greece Nixes Pension Reductions, Seen as Too Draconian
As the European Commission approves the move, parliament calls off the trims, slated for 2019.
Canada’s Machin Staying the Course with China Despite Tension
Pension board CEO says it will stay cool-headed amid Beijing’s threats over Canadian arrest of tech heiress.
Commitments Keep on Coming at San Francisco Fund
The San Francisco system makes four more private market commitments, adding to the more than $3 billion already committed this year.
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Google Sued over Data Breach by Rhode Island
Lawsuit alleges executives at Alphabet Inc. hid vulnerability that allowed 52 million users' privacy to be compromised.