Newsmakers
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Tag: Pension
Sacramento County Gets a New Deputy CIO
James Donahue will work with chief Steve Davis to develop the fund’s structure.
Danica Pension Sells Off Swedish Unit
Move follows recent money laundering investigation.
Newsmakers
NYC Appoints Former White House Private Equity Expert as CIO
Alex Doñe will provide direct investment advice to the five New York City Retirement Systems.
Research
Despite Good Returns, Iowa Public Pension’s Unfunded Liability Likely to Grow Slightly
Lack of contributions are the problem for IPERS, critic says.
Dutch Metal Pensions Firm MN Losing Half its Board
Liesbeth Sinke is exiting the organization while Hendri den Boer transfers to its asset management unit.
Southern Water to Pay £50 Million More into Pension
UK regulator TPR forced company’s hand over dividend payout imbalance.
BT Loses Court Appeal to Link Pension Increases to CPI
Union says ruling prevents 80,000 members from losing average of £24,000 in pension benefits.
Newsmakers
California Supreme Court Hears Pension Reduction Case
But the court might rule on a narrower issue, continuing the controversy over whether the benefits promised employees are fixed for life.
Newsmakers
Brazil’s Next President Wants Piecemeal Reforms for Pensions
Jair Bolsonaro wants age increases for retirement eligibility slowly integrated sector-by-sector.
Newsmakers
If Pension Overturn Sticks, Kentucky GOP Plans to Pass a Reform Anyway
As the state Supreme Court mulls whether to reinstate the new Republican pension law, the party’s lawmakers look for a Plan B if they lose.
Bristol-Myers Squibb Closes US Retirement Plan
Pharmaceutical firm to transfer $3.8 billion in US pension liabilities to annuity.
Newsmakers
CalSTRS Investment Committee Was Split on Private Prison Divestment
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
Newsmakers
Oregon PERS Scrambles for Ideas to Bolster Public Pension Plan
Gov. Kate Brown wants to put $2 billion into schools and retirement system.
TPR Bans CEO from Being Trustee for Refusing to Cooperate
Christopher Wrigley allegedly threatened one of the regulator’s case workers.