Norges Bank Gets Stricter on Ocean Sustainability Policies
The world’s largest sovereign wealth fund will base its ocean policies on international standards.
Newsmakers
Putin’s Pension Amendments Reach State Duma
Reforms must be approved in next two readings and upper house before president can make them law.
Australian PM Axes Former Administration’s Pension Age Increase
Scott Morrison said Tony Abbott’s age 70 hike will not happen, holding the retirement age limit at 67.
No Plans to Cut IPERS Benefits, Iowa Gov. Says
Opponents say Kim Reynolds’ administration secretly wants to move IPERS members into hybrid benefit plans.
Treasury Dept. Approves Benefits Reduction for Two Pension Funds
Total number of funds cleared to enact benefits reductions rises to seven.
Milwaukee County Retirees Could Lose COLA Increases
Pension reform taskforce recommends cutting 2% adjustments until 2036.
Japan’s PM Wants to Raise Retirement Age Past 65
Shinzo Abe planning social security system overhaul over the next three years, pending re-election.
CalPERS Hits It Big with Infrastructure Returns
The program, however, represents just a little more than 1% of CalPERS’s AUM.
CalSTRS Takes First Steps to Restructuring Private Equity
The pension plan is getting ready for investments out of the traditional limited partner-general partner fund structure, including increases in co-investments.
New Jersey Pension Fund Axes Stake in Private Prison Contractor
Action follows American Federation of Teachers’ critical report on Trump’s immigration policy.
New Private Equity Model Could Push CalPERS Up in Global Ranks
Preqin data shows California system could become fourth-largest PE investor.
Putin Slightly Softens Retirement Plan Overhaul
Russian leader would raise pension eligibility for women by only five years instead of eight.
Putin Might Soften His Pension Plan to Boost Retirement Age
After public outrage erupts, Russian president could speak on the proposal as early as today.
Australia Pension Giant Gets 40-Year Victoria Land Lease
First State Super’s $2.1 billion payment will go toward infrastructure in the state of Victoria.
Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer?
State’s bond history and already badly funded pension shows little room for maneuver.