Milwaukee County Retirees Could Lose COLA Increases
Pension reform taskforce recommends cutting 2% adjustments until 2036.
Newsmakers
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.
Norway Commission Recommends Against Oil Divestment
Panel says divestment would not protect against a permanent drop in oil prices.
Yale Blocks Future Gun Investments
Endowment confirms adoption of new firearm policy, introduced in the spring.
Exclusive: An Inside Look at CalPERS’s New Direct Private Equity Organization
Investments of $20 billion in two CalPERS-backed independent pension organizations would change the face of institutional investing in private markets.
Texas ERS, PAAMCO Launchpad to Hold Fall Emerging Manager Hedge Fund Event
Summit will help institutions vet talent for the new seeding platform.
Chicago Teachers to Divest Private Prisons, Immigration Detention Centers
The fund is also barred from making any future investments in these industries.