Regulation
Proposed Massachusetts Endowment Tax to Hit Harvard, MIT, 11 Other Schools
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.
Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Proposed legislation would require state pension to dump firms that sell firearms and ammunition.
State pension would have to remove thermal coal assets by year-end, fossil fuels by end of 2020.