Exclusive: California Supreme Court Sets Oral Arguments on Public Pension Rights
The hearing on Dec. 5 will help determine if public workers’ pensions can be reduced and could have national implications.
Newsmakers
CalSTRS to Divest of Private Prison Companies
The two US companies running private prisons, whose detainees including immigrants caught crossing the US-Mexico border, will no longer be part of the CalSTRS portfolio.
CalPERS Can’t Find Enough Private Equity Commitments
CalPERS consultant finds without a huge increase in new private equity commitments, the fund will see a declining allocation to the asset class.
Ukraine Names Yevhen Kapinus Head of National Pension Fund
Ousted Oleksiy Zarudnyi blamed for pension payment delay in July.
UK Pension Equalization Angers British Women, Ex-Minister
Activist groups, Altmann disregard Parliament’s ‘gender equality’ measure.
San Francisco Makes $1.1 Billion in Commitments, Mostly to Hedge Funds
Private equity, real estate, and natural resources funds also represented.
Illinois Teachers’ Asks for 10.6% More in State Contributions
Pension plan’s chief says the $51.7 billion retirement system’s good investment returns aren’t enough to overcome unfunded liabilities.
New Actuary Rule for Assessing Pension Risk Kicks In
ASOP 51 requires looking at potential risks to plan’s future financial condition.
Dutch Pension Age Increase Stalled Due to Life Expectancy Dip
Because of winter 2017’s flu epidemic, the Netherlands will not see a rise in the retirement age past 2022.
Largest US Community Foundation Sees Opportunity Zone Program Role
The top investment official of the Silicon Valley Community Foundation says foundations could provide loans to make new funds attractive for investors.
Netherlands Wants to Intro Sovereign Green Bonds in 2019
Finance Minister Wopke Hoekstra seeking parliament’s approval for the Dutch to be the first AAA-rated issuer of sustainable securities.
Brazil’s President-Elect Urges Pension Reform ASAP
Jair Bolsonaro plans to meet with incumbent Temer to jump-start effort.
Pennsylvania Pension Panel Explores Debt-Cutting Plans
The state’s SERS and PSERS retirement organizations say they are looking for ways to cut management fees and improve transparency.
Chicago Mayoral Hopeful: Casino, Marijuana Money Could Help City’s Pension Woes
Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.
Pension Reform High on Brazilian President-Elect’s To-Do List
Jair Bolsonaro aims to privatize the nation’s retirement system when he takes over in January.