Newsmakers
CalPERS Reviews Divestment of Companies with Ties to Sudan
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.
Tag: Pension
Newsmakers
Kentucky Lawmakers Balk at Bid to Push Through Thwarted Pension Overhaul
House members say $43 billion funding problem can’t be resolved over a “five-day session.”
Regulation
MetLife Pension Payout Snafu Leads to $1 Million Fine
Insurer failed to pay 13,500 pensioners incorrectly labeled as ‘presumed dead.’
Newsmakers
Korea Proposes Pension Reform
The world’s third-largest pension fund is in jeopardy of being depleted by 2057.
Newsmakers
Kentucky Gov. Calls Special Legislative Session to Address Pension Crisis
State house introduces two pension reform bills during late-night meeting.
Corporate Moves
Lockheed Martin Gets a New CIO
After six months without one, Paul Colonna will replace departed Chris Li in January.
US Corporate Pensions Will Likely Miss Return Assumptions
Investment performances miss mark for third time in 10 years.
CalPERS Investment Returns Are in Negative Territory
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
Asset Allocation
CalPERS Buys Small Stake in Marijuana Stocks
The giant pension fund dipped its toes in the bongwater in Q3, SEC filings show.
Newsmakers
CalPERS Would Be Forced to Divest from Private Prison Companies
The largest US pension plan would need to sell its investments in two private prison companies under legislation sponsored by California lawmaker Rob Bonta.
Newsmakers
Kentucky Supreme Court Strikes Down Pension Law
Hurried legislation tucked in a sewage bill ruled by court as unconstitutional.
Washington State Makes New Private Market Commitments
The majority of the $700 million commitment deployed as part of a network of real estate organizations controlled by the pension plan.
US Corporate Pensions’ Funded Status Edges Higher in November
Volatility in equity markets continues to concern plan sponsors.
Newsmakers
Greece Nixes Pension Reductions, Seen as Too Draconian
As the European Commission approves the move, parliament calls off the trims, slated for 2019.
Commitments Keep on Coming at San Francisco Fund
The San Francisco system makes four more private market commitments, adding to the more than $3 billion already committed this year.