Odds Improving that Kentucky Will Pass Sports Betting to Help Bolster Pensions
However, bill would need 60 of 100 House votes to pass.
However, bill would need 60 of 100 House votes to pass.
Pritzker’s plan to bolster the underfunded public pension system via new taxes ‘punts’ on meaningful change, S&P says.
Plan is essential if CalPERS wants to avoid increasing its approximate $140 billion unfunded liability, Meng says.
Amid acrimony and a deadlocked legislature on the retirement plan issue, small signs of change are welcome.
The two new leaders will develop the fund’s emerging manager programs and administrational functions.
Truck manufacturer transfers $268 million to two insurers.
The new commitments are part of the plan to keep private market investments to around 40% of the fund.
Robust international portfolio delivered $9 billion in 2018.
Shawn Wooden taking select cues from New Jersey in maneuver’s approach.
Organized crime couples and families are swindling millions from pensions.
Private equity commitments totaled $300 million, part of an effort to boost the asset class.
CEO Machin expects the next few years to be ‘much more challenging’ for investments.