Chicago Teachers’ Pension Fund Adds $2.1 Billion to Illinois Economy in 2023
Analysis finds that each dollar the $12.1 billion pension fund paid out in pension benefits generated $1.40 in economic activity in the state.
Analysis finds that each dollar the $12.1 billion pension fund paid out in pension benefits generated $1.40 in economic activity in the state.
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Institutional investors say Ofwat inaction is preventing them from providing further funding to the beleaguered utility.
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
City Comptroller Brad Lander said he expects energy supply ratio disclosure will become a ‘new standard’ for the banking sector.
A bill already passed by the Mississippi House would have replaced the current board, which public employees elect, amid controversy over increased pension fund contributions.
After ending the practice in 2019, the pension giant is bringing it back with added countermeasures to avoid ‘empty voting.’