Tag: Pension

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.

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.

In a sudden departure, CalPERS Chief Operating Investment Officer Elisabeth Bourqui has resigned just months after moving from Europe to take a key spot at the Sacramento-based pension plan.

Pension reform, stymied in court, is on the top of the lawmakers’ agenda.

Clock runs out on controversial nod for brother-in-law of Mitch McConnell, Elaine Chao.

Managers, auditors split on 2019 rate of returns, which are less than the previous two years.

State Supreme Court denies Nevada PERS’s petition for a rehearing.

System liquidates entire high-yield portfolio.

The New York City firm is selected to manage an international portfolio even as other international equity strategies are being trimmed of their assets. 

Management Board switches focus from row crops to permanent crops to target outsized performance.

Newly hired state workers will get lower benefits and either a 401(k) or hybrid retirement plan to save tax dollars, prop up DB funding levels.