The legal groups claim investment money violates President Trump’s fixed salary mandate.
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.
Pension looking for successful early-stage managers who no longer fit its “Emerging” category.
City council significantly boosts annual payment from $1.3 million to pay down unfunded liability.
Pension fund defends use of “essential” asset class, despite high fees.
Proposal #12 passes in a 62.3% proxy vote by Exxon Mobil shareowners.
Proposal #12 looks to enhance reporting on impact of oil and gas reserves under 2-degree target and review long-term impacts.
Gov. Brown says supplemental payment will save state $11 billion over 20 years.
Change driven by lower assumed rate of return, salary increases, and weak investment returns