Fund blames first negative quarter since 2015 on falling global equities.
Fear of a downturn creates a rise in de-risking.
Group decries push to dump fossil-fuel stocks, saying that will hurt returns.
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.
Special fiduciary warned the fund would be depleted by 2025 without action.
Union warns a strike is likely if the company shutters the defined benefit plan.
The closely watched Commonfund survey also shows investors are bullish on emerging markets but anticipate US underperformance.
Proposed changes aimed at eliminating the unfunded liabilities of the state’s pension plans.
Reform backers say proposal would produce $3.4 billion in immediate savings.
The state’s retirement plans and trust funds increased by $4.2 billion to $34.4 billion.
Plans to supersize internal staff, cut external costs by at least $600 million.
Fund’s investments were managed by government-created management corporation for the first time.
John Chiang urges institutional investors to divest from sellers of military-style weapons.
Retailer will use proceeds from two loans to provide funding.
NEPC survey finds geopolitical tension among biggest concerns.