CalPERS Likely to Reject Diversity Engagement Targets
State treasurer requested fund define a diverse board as at least 30% women.
Newsmakers
Pension Bridge: Texas, Idaho Systems Consider Lowering Return Assumptions
The two public pensions systems would be the latest among dozens that have lowered return expectations in the last 12 months.
Texas Teachers Is Moving Expansion Plan Forward
Guthrie says increasing the team will be a “hard sell” to legislature.
South Korea’s NPS Ends Samsung Trading After “Fat Finger” Folly
Samsung investigating internal systems and controls, promises to compensate investors.
CalSTRS Takes a Hard Stance on Facebook’s Governance
A privacy scandal leads to a harsh reprimand for social media network from the mega pension fund.
Gov. Rossello Makes Good on Fiscal Plan Promise
Although proposed labor reforms and pension cuts were excluded, Puerto Rico's board may still impose its own plan.
SEC Hits Founder of Fintech Start-Up Mozido with Major Fraud Filing
Liberty had been released from federal prison in January following campaign contribution activities.
Comptroller DiNapoli Presses Pollutants on Paris Agreement Goals
NYS Common pulls shareholder requests after DTE Energy, Dominion Energy, and Southwestern Energy comply.
British Airways Closes Pension Plans
Closes one pension to future accruals and another to future contributions.
PR Gov. Rossello to Present Rogue Fiscal Plan Thursday
Proposal will defy board-requested revisions to PR pension system in favor of governor’s original concepts.
Kentucky Passes Surprise Pension Reform that Was Inserted into a Sewage Services Bill
State’s attorney general says bill violates law, plans to sue when signed by governor.
Alaska Fund Reminds Lawmakers It’s Not a Piggy Bank
State House bill proposes to more than double the fund’s dividend in 2019.
Outraged Puerto Rico Gov. Clashes with Oversight Board, Yanks His Plan
Panel, seeking pension cuts, could unilaterally impose its own fiscal blueprint if stand-off continues.
Despite Lopsided Lawmakers’ OK, NJ Pension Bill in Limbo
Bill would yank police and firefighter pensions from state management, but governor is skeptical.