Newsmakers
State & Municipal Treasurers Publish Letter Encouraging McCarthy to Make Deal on Federal Debt Ceiling
They say a default would be ‘catastrophic’ and devalue portfolios, damaging pension funds and 401(k) plans.
Tag: Colorado
Asset Allocation
U.S. Pension Funds Scramble to Figure Out What to Do With Russian Investments
Colorado has already divested from its Russian investments, while CalPERS, CalSTRS and others mull their options.
Pensions
Denver Retirees Ordered to Return $11 Million in Benefits
A local investigation found overpayments ranging from $3,000 to $3 million to be recouped.
A Blunt Assessment: Marijuana Has Smoked a Lot of Investors
Enthusiasm over falling legal bars led to business overexpansion and overoptimistic investing. But prospects long-term are, yes, high.
Risk
Global Equities Crushed Colorado PERA in 2018
Poor returns were expected, but it sets new funding legislation in motion next week.
Newsmakers
Two States Assail Alabama Following Abortion Ban
Maryland comptroller Franchot says pension money will not be used to ‘subsidize extremism.’
Regulation
Colorado Pension Reform Heads to Conference Committee
A number of differences in the House and Senate versions of a new bill calls for debate.
Regulation
Colorado House Amends Pension Bill
Four-plus hour debate leaves Democratic, Republican leaders equally dissatisfied with reform.
Risk
Colorado Senate Passes Pension Reform Bill
Proposed changes aimed at eliminating the unfunded liabilities of the state’s pension plans.
Census Bureau: Public Pension Funds’ Investment Earnings Down 67%
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.