The proposed pension reform would affect workers hired after Sept. 1, 2022.
Thousands of Pennsylvania teachers will have to pay more in contributions starting in July.
More than $685,000 was stolen from 10 retirees, including a homeless person and beneficiaries under legal conservatorships, the fund said in its lawsuit.
The $247.7 billion fund has its sights set on shale oil and gas companies next.
The Pensions Regulator warns trustees not to shirk their climate risk disclosure responsibilities.
Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
Critics say it will more than double the city’s annual pension costs to $30 million.
Surging bond prices helped boost defined benefit plans’ funded ratios to 124%.
Still, the salary remains at the low end for allocators at public pension funds.
But the C$221.2 billion plan ends 2020 fully funded for the eighth straight year.
The Canadian pension giant is merging two business units to create the C$17.7 billion investment division.
State speaker places public retirement systems proposal on backburner amid furor from state teachers and employees.
Pension system officials say they won’t restart the search until early July, and they didn’t offer a timetable as to when a new person will take the job.
Trustees are wagering that relief under the most recent COVID-19 stimulus bill will provide a better option than a reduction in benefits.