New Kentucky Pension Group Forms to Try Bypassing Stalemate
Bipartisan division will try to analyze the state’s funding gap and develop passable pension proposals by mid-February.
Bipartisan division will try to analyze the state’s funding gap and develop passable pension proposals by mid-February.
Proposed legislation aims to save critical and declining multiemployer pension plans.
Group highlights financial risks sustained from misconduct in the workplace.
Institution continues strong focus on real estate and private equity, terminates global equity account.
Jason Perez is also skeptical about ESG investing, a focus that most individuals on the CalPERS board support.
The agency says the state’s lack of pension overhaul won’t hurt its rating, despite Bevin’s warning.
Commission still grappling over plan to tap state assets like office buildings to feed ailing retirement program.
Commitments primarily focused on real estate and infrastructure.
The OAK prefers a uniform interest rate for the public workers and two other retirement plans, which a lobbying group says is wrongheaded.
The pension is now studying the impact of a 2% to 4% allocation to managed futures on the total fund.
Disclosures show SFERS has invested in two Chinese venture capital funds and another China-based fund focused on media and entertainment.
Investment returns fell by 50% from 2017 for state and university educators.
A second office tower is aimed to attract and accommodate new investment staff, part of a strategy to manage more of the plan’s assets in-house.
Proposes three-year suspension on COLA adjustments to help attain 100% funded status by 2043.
In the span of a year, the system has become one of the largest players among US pension systems.