Chicago Public Schools Sinks $1B Deeper in Debt
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
Newsmakers
UK Proposes Resolution to Resolve UCU Pension Dispute
Proposal calls for guaranteed pension comparable with current plan.
Warburg, Disruptive Capital Launch UK’s First Pension Consolidation Fund
The private equity firms are providing £500 million to seed the ‘superfund.’
CalSTRS Not on Board with Tesla’s Proposed Compensation Package
Cites issues with ‘lack of focus on profitability for the company.’
BT Reaches Deal with CWU to Close DB Scheme
Union to vote on proposals in the coming weeks.
Wisconsin Public Employee Pensions to Rise at Least 2.4%
Dividend payments are a result of a 16.2% return for the state’s core fund.
Crest Healthcare Admits Shirking Pension Requirements
Firm and managing director plead guilty to misleading The Pensions Regulator.
New British Steel Pension Scheme Goals Met
BSPS plans, Tata Steel merger with Thyssenkrupp can now go forward.
UK University Strikes Continue after Union Rejects Pension Deal
UCU gearing up for additional 14-day strike during exam, assessment period.
Pension Fund Sues Ocwen over Alleged Breached ERISA Duty
Lawsuit claims firm hurt pension’s investments by pushing homeowners into foreclosure.
Oregon Files Suit Against Wynn Resorts
Alleges ‘massive breaches of fiduciary duty’ caused damage to the company and the long-term value of the stock.
Church of England Joins Rio Tinto Resolution
Investors are calling on the company to disclose ties with mining industry bodies.
Diocese of La Crosse Cuts Pension Plan
More than 1,000 pensioners to lose benefits; Fund had been frozen since 2007.
Ray Dalio Is Freaked Out by Trade War with China
The hedge fund magnate calls for negotiations between Washington and Beijing.