
Pensions
Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
Class-action lawsuit alleges company intentionally failed to disclose financial problems at WarnerMedia prior to merger.
Asset allocation for the six plans has shifted toward alts and away from US equities over the past decade.
In transparency move, proposed bill would also create a new legislative panel to review pension system fees and employee salaries.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.