Retirement Systems

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5h
Crain's Chicago Business
Chicago's budget gap: $137.6 millionpercent last year. Next year’s pension bill may change depending on how the fin
Chicago's budget gap: $137.6 million
Crain's Chicago Business / Posted 5 hours ago
percent last year. Next year’s pension bill may change depending on how the final agreements turn out, city officials have said. The city is still working on a fix for the municipal workers’ pension, the least-funded of the four retirement sys... Read more
1d
The Sacramento Bee
California’s ignored pension crisis is only getting worsereal, meaningful reform, we can protect vital community services, safeguard the
California’s ignored pension crisis is only getting worse
The Sacramento Bee / Posted yesterday
real, meaningful reform, we can protect vital community services, safeguard the long-term solvency of public employee retirement systems and put California’s pension systems on the path to a sustainable future. Chuck Reed, former mayor of San... Read more
3d
Business Wire
Fitch Affirms Westchester County, NY's IDR and GOs at 'AAA'; Outlook Stable66% of principal scheduled to be retired in 10 years. The county contributes t
Fitch Affirms Westchester County, NY's IDR and GOs at 'AAA'; Outlook Stable
Business Wire / Posted 3 days ago
66% of principal scheduled to be retired in 10 years. The county contributes to the state's well-funded defined benefit retirement systems. The county has elected to amortize the maximum allowable annual pension contribution from fiscal 2013... Read more
3d
Times News
Pa. employee pension fund to get audit amid scandal— Pennsylvania’s fiscal watchdog will audit the management of $78 billion in as
Pa. employee pension fund to get audit amid scandal
Times News / Posted 3 days ago
— Pennsylvania’s fiscal watchdog will audit the management of $78 billion in assets by the state’s two big public employee retirement systems amid a federal investigation into fees paid to outside firms that invest billions of taxpayer... Read more
7 related stories
3d
The Lewistown Sentinel
Pennsylvania pension funds to get audit amid fee scandal— Pennsylvania's fiscal watchdog will audit the management of $78 billion in as
Pennsylvania pension funds to get audit amid fee scandal
The Lewistown Sentinel / Posted 3 days ago
— Pennsylvania's fiscal watchdog will audit the management of $78 billion in assets by the state's two big public employee retirement systems amid a federal investigation into fees paid to outside firms that invest billions of taxpayer... Read more
7 related stories
3d
The Williamsport Sun-Gazette
Pennsylvania pension funds to get audit amid fee scandal— Pennsylvania's fiscal watchdog will audit the management of $78 billion in as
Pennsylvania pension funds to get audit amid fee scandal
The Williamsport Sun-Gazette / Posted 3 days ago
— Pennsylvania's fiscal watchdog will audit the management of $78 billion in assets by the state's two big public employee retirement systems amid a federal investigation into fees paid to outside firms that invest billions of taxpayer... Read more
7 related stories
4d
The Morning Call
PA pension systems face audit over feesHARRISBURG — Pennsylvania's fiscal watchdog will audit the $78 billion in asset
PA pension systems face audit over fees
The Morning Call / Posted 4 days ago
HARRISBURG — Pennsylvania's fiscal watchdog will audit the $78 billion in assets under the state's two big public employee retirement systems. The announcement Monday by Auditor General Eugene DePasquale comes days after federal prosecutors... Read more
7 related stories
4d
TribLIVE
State’s public pensions to get scrutiny in audit— Pennsylvania's fiscal watchdog will audit the $78 billion in assets under the
State’s public pensions to get scrutiny in audit
TribLIVE / Posted 4 days ago
— Pennsylvania's fiscal watchdog will audit the $78 billion in assets under the state's two big public employee retirement systems. The announcement Monday by Auditor General Eugene DePasquale comes a days after federal prosecutors... Read more
7 related stories
5d
Al.com
Police showered in love at a time of 'deep challenges,' criticism and declining recruitsare illuminated in blue lights. The state Capitol has been bathed in blue this
Police showered in love at a time of 'deep challenges,' criticism and declining recruits
Al.com / Posted 5 days ago
are illuminated in blue lights. The state Capitol has been bathed in blue this week in honor of police officers, as are the Retirement Systems of Alabama's towers in Montgomery and Mobile. "The one thing that everyone can do is to just be thankful... Read more
6d
Paradise Post
Editor for a Day: Part two: What’s needed for PUSDstability & fiscal solvency The PUSD has a serious retirement unfunded liabili
Editor for a Day: Part two: What’s needed for PUSD
Paradise Post / Posted 6 days ago
stability & fiscal solvency The PUSD has a serious retirement unfunded liability problem with their CalSTRS and PERS retirement systems. It’s a virtual ticking time bomb for the district. Already, the district has realized huge increases in... Read more
6d
Baltimore Sun
$415,000: latest expense for Baltimore's outdated municipal phone systemto be more responsive to the public at a long-term cost savings, officials have
$415,000: latest expense for Baltimore's outdated municipal phone system
Baltimore Sun / Posted 6 days ago
to be more responsive to the public at a long-term cost savings, officials have said. The Human Resources Department, the Health Department and the Employees' Retirement Systems are among the first agencies to get new phones. twitter.com/yvonnewen... Read more
6d
Market Watch
Retirement panic? It’s not all your faultretirement program, a workplace savings plan and avenues for individuals to sav
Retirement panic? It’s not all your fault
Market Watch / Posted 6 days ago
retirement program, a workplace savings plan and avenues for individuals to save on their own. Plus, the most robust retirement systems use incentives and auto-enrollment to make it harder for individuals to put off saving. In the U.S., not... Read more
8d
The News & Observer
Potential conflict policy could prevent treasurers from serving on private boardsShe received permission from the State Ethics Commission first. According to T
Potential conflict policy could prevent treasurers from serving on private boards
The News & Observer / Posted 8 days ago
She received permission from the State Ethics Commission first. According to Thomas, Teachers’ and State Employees’ Retirement systems trustees John Aneralla and Michael Mebane expressed high regard for Cowell, but said they were concerned... Read more
9d
Investopedia
The Best Countries for a Secure Retirementreduced from 150 to 43. According to Natixis, the shorter country list allows f
The Best Countries for a Secure Retirement
Investopedia / Posted 9 days ago
reduced from 150 to 43. According to Natixis, the shorter country list allows for a more specific focus on issues faced by retirement systems around the globe.What About the U.S? When it comes to retirement security, among leading nations in the... Read more
8 related stories
10d
WHAS TV11 Louisville
Judge lets attorney general intervene in retirement suitmen were elected last year. Earlier this year Bevin issued an executive order
Judge lets attorney general intervene in retirement suit
WHAS TV11 Louisville / Posted 10 days ago
men were elected last year. Earlier this year Bevin issued an executive order removing Thomas Elliot as chairman of the retirement systems' board of trustees. The system is among the worst funded in the country with unfunded liabilities of more... Read more
4 related stories
10d
KFVS 12 Cape Girardeau
Former KRS chairman set to argue against removal in courtFRANKFORT, Ky. (AP) - The former chairman of the beleaguered Kentucky Retiremen
Former KRS chairman set to argue against removal in court
KFVS 12 Cape Girardeau / Posted 10 days ago
FRANKFORT, Ky. (AP) - The former chairman of the beleaguered Kentucky Retirement Systems is heading to court to challenge his removal by Republican Gov. Matt Bevin. Thomas Elliott has sued Bevin for removing him as chairman of the Kentucky... Read more
4 related stories
10d
KFVS 12 Cape Girardeau
Missouri GOP governor hopeful Greitens gets $2Mremoval in courtFormer KRS chairman set to argue against removal in court The
Missouri GOP governor hopeful Greitens gets $2M
KFVS 12 Cape Girardeau / Posted 10 days ago
removal in courtFormer KRS chairman set to argue against removal in court The former chairman of the beleaguered Kentucky Retirement Systems is heading to court to challenge his removal by Republican Gov. Matt Bevin. The former chairman of the... Read more
14d
Newsmax
Calpers' New CEO Frost Sees Potential Boost From Private Equitythat in when we do our allocation work.” Frost, 51, has been executive directo
Calpers' New CEO Frost Sees Potential Boost From Private Equity
Newsmax / Posted 14 days ago
that in when we do our allocation work.” Frost, 51, has been executive director of the Washington State Department of Retirement Systems since 2013 and will start with Calpers, which oversees about $302 billion, on Oct. 3, the Sacramento,... Read more
5 related stories
14d
FOX 41 Louisville
New Kentucky laws go into effect todayfor the use and operation of zip lines and canopy tours. Pension oversight. Ho
New Kentucky laws go into effect today
FOX 41 Louisville / Posted 14 days ago
for the use and operation of zip lines and canopy tours. Pension oversight. House Bill 271 requires all state-administered retirement systems to report specific information on their members or members’ beneficiaries to the state Public Pension... Read more
15d
The Record Searchlight
California pension fund names new CEO Marcie Frostpension fund. Frost joins CalPERS from Washington state, where she served as e
California pension fund names new CEO Marcie Frost
The Record Searchlight / Posted 15 days ago
pension fund. Frost joins CalPERS from Washington state, where she served as executive director of the department of retirement systems since 2013. Her pension industry experience spans 16 years. CalPERS president Rob Feckner says board... Read more
5 related stories
15d
The Sacramento Bee
CalPERS hires new chief executivehas 16 years in the pension industry, mostly recently as executive director of
CalPERS hires new chief executive
The Sacramento Bee / Posted 15 days ago
has 16 years in the pension industry, mostly recently as executive director of Washington state’s Department of Retirement Systems. She will oversee a pension fund that has $301 billion in assets but has been struggling in recent years... Read more
5 related stories
16d
The Manila Times
Fil-Am leads CalAsian CoC visit to PHin the farm labor movement. Currently, he is the chair of both the Assembly Hea
Fil-Am leads CalAsian CoC visit to PH
The Manila Times / Posted 16 days ago
in the farm labor movement. Currently, he is the chair of both the Assembly Health Committee and of the Public Employee Retirement Systems Committee. The members of the delegation come from Aaron Read & Associates, co-organizer of the... Read more
17d
Al.com
Alabama website breach revealed personal data of some state retireestheft potential." Murdick said she is freezing her parents' credit as a precau
Alabama website breach revealed personal data of some state retirees
Al.com / Posted 17 days ago
theft potential." Murdick said she is freezing her parents' credit as a precaution. Leura Canary, general counsel for the Retirement Systems of Alabama, said the RSA is still trying to find out exactly what happened. "Appropriate persons at RSA... Read more
18d
WHAS TV11 Louisville
Kentucky treasurer seeks intervention in pension board suitFRANKFORT, Ky. (AP) - Kentucky's state treasurer is seeking to intervene in a l
Kentucky treasurer seeks intervention in pension board suit
WHAS TV11 Louisville / Posted 18 days ago
FRANKFORT, Ky. (AP) - Kentucky's state treasurer is seeking to intervene in a lawsuit filed by the former state retirement systems chairman against Gov. Matt Bevin. Kentucky Treasurer Allison Ball filed an intervening motion Monday in the suit to... Read more
18d
FOX 41 Louisville
Treasurer Ball files motion to protect retiree pensionsFRANKFORT, Ky. (WDRB) – Treasurer Allison Ball has filed an intervening motion
Treasurer Ball files motion to protect retiree pensions
FOX 41 Louisville / Posted 18 days ago
FRANKFORT, Ky. (WDRB) – Treasurer Allison Ball has filed an intervening motion in the lawsuit involving former Kentucky Retirement Systems Chairman and Trustee Tommy Elliott and Governor Bevin. The motion was filed Monday, according to a news... Read more
18d
Chicago Tribune
Legislators punt on pension reform but pass gambling expansionan ever-greater share of the pie that could be devoted to education, social ser
Legislators punt on pension reform but pass gambling expansion
Chicago Tribune / Posted 18 days ago
an ever-greater share of the pie that could be devoted to education, social services or unpaid bills. Failing to fix the retirement systems could result in another hit on the state's credit rating, which already has been downgraded to worst in... Read more
19d
Elmira Star-Gazette
DIG DEEP: NY is #1 for per-pupil cost of teacher benefitsthe most secure public pensions in the nation, according to a recent study by t
DIG DEEP: NY is #1 for per-pupil cost of teacher benefits
Elmira Star-Gazette / Posted 19 days ago
the most secure public pensions in the nation, according to a recent study by the National Conference on Public Employee Retirement Systems. An off-limits alternative In an effort to rein in pension costs, Gov. Andrew Cuomo signed a law in 2012... Read more
19d
The Herald News
Politi-Beat Sunday Roundup: Has dysfunction become Fall River's brand?District, announced he received endorsements from the Coalition for Social Just
Politi-Beat Sunday Roundup: Has dysfunction become Fall River's brand?
The Herald News / Posted 19 days ago
District, announced he received endorsements from the Coalition for Social Justice, the Mass. Association of Contributory Retirement Systems, the International Union of Elevator Contractors Local 4, the Massachusetts Motorcycle PAC and... Read more
19d
Elmira Star-Gazette
Watchdog: N.Y. has highest per-pupil cost in the nationthe most secure public pensions in the nation, according to a recent study by t
Watchdog: N.Y. has highest per-pupil cost in the nation
Elmira Star-Gazette / Posted 19 days ago
the most secure public pensions in the nation, according to a recent study by the National Conference on Public Employee Retirement Systems. An off-limits alternative In an effort to rein in pension costs, Gov. Andrew Cuomo signed a law in 2012... Read more
21d
Business Wire
Fitch Rates West Valley City, UT's Sales Tax Bonds 'AA', Lease Rev Bonds 'AAshare of UTOPIA and UIA debt obligations are included in the calculation. The c
Fitch Rates West Valley City, UT's Sales Tax Bonds 'AA', Lease Rev Bonds 'AA
Business Wire / Posted 21 days ago
share of UTOPIA and UIA debt obligations are included in the calculation. The city participates in the well-funded Utah Retirement Systems, and does not offer OPEB. Operating Performance Fairly heavy reliance on economically sensitive revenues... Read more
3 related stories
22d
The Clarion-Ledger
Hood on run for governor: I don't knowit." Hood warned that other states that have had to deal with large deficits ha
Hood on run for governor: I don't know
The Clarion-Ledger / Posted 22 days ago
it." Hood warned that other states that have had to deal with large deficits have drastically underfunded their employee retirement systems and he worries that might happen here. "Whether or not they're going to be able to hobble through to... Read more
26d
Newsmax
Puerto Rico Enters New Financial Era After Historic Defaultmeasures" in the next six months, including delaying payments to vendors and sp
Puerto Rico Enters New Financial Era After Historic Default
Newsmax / Posted 26 days ago
measures" in the next six months, including delaying payments to vendors and special contributions to the struggling retirement systems, so that it can continue providing essential services. Despite those measures, revenues in the operating... Read more
502 related stories
27d
Stamford Advocate
A hedge fund darling imploded — and now everyone has one questionpublic pensions and university endowments were among those adding hundreds of m
A hedge fund darling imploded — and now everyone has one question
Stamford Advocate / Posted 27 days ago
public pensions and university endowments were among those adding hundreds of millions in assets. The State of Michigan Retirement Systems, for instance, committed $100 million in the fourth quarter last year to Visium's healthcare fund. Even... Read more
2 related stories
27d
Connecticut Post
A hedge fund darling imploded — and now everyone has one questionpublic pensions and university endowments were among those adding hundreds of m
A hedge fund darling imploded — and now everyone has one question
Connecticut Post / Posted 27 days ago
public pensions and university endowments were among those adding hundreds of millions in assets. The State of Michigan Retirement Systems, for instance, committed $100 million in the fourth quarter last year to Visium's healthcare fund. Even... Read more
2 related stories
27d
Arkansas Democrat-Gazette
Puerto Rico defaults on $779M bond debtmeasures" in the next six months, including delaying payments to vendors and sp
Puerto Rico defaults on $779M bond debt
Arkansas Democrat-Gazette / Posted 27 days ago
measures" in the next six months, including delaying payments to vendors and special contributions to the struggling retirement systems, so that it can continue to provide essential services. Despite those measures, revenue in the operating... Read more
502 related stories
28d
The Mercury News
Borenstein: Justices reject city manager's pension-spiking schemeTimes' request for Oakland workers' salaries. The 1993 law, which applied to C
Borenstein: Justices reject city manager's pension-spiking scheme
The Mercury News / Posted 28 days ago
Times' request for Oakland workers' salaries. The 1993 law, which applied to CalPERS and has since been expanded to other retirement systems across the state, adds another layer of transparency. As the appellate court said Tuesday, the required... Read more
28d
The San Angelo Standard-Times
Puerto Rico enters new financial era after historic defaultmeasures" in the next six months, including delaying payments to vendors and sp
Puerto Rico enters new financial era after historic default
The San Angelo Standard-Times / Posted 28 days ago
measures" in the next six months, including delaying payments to vendors and special contributions to the struggling retirement systems, so that it can continue providing essential services. Despite those measures, revenues in the operating... Read more
502 related stories
28d
Boston Herald
Puerto Rico enters new financial era after historic defaultmeasures" in the next six months, including delaying payments to vendors and sp
Puerto Rico enters new financial era after historic default
Boston Herald / Posted 28 days ago
measures" in the next six months, including delaying payments to vendors and special contributions to the struggling retirement systems, so that it can continue providing essential services. Despite those measures, revenues in the operating... Read more
502 related stories
28d
FOX 41 Louisville
Lawsuits challenging Gov. Matt Bevin's executive orders to be separatedwanted to combine the U of L case with a lawsuit he'd already filed against the
Lawsuits challenging Gov. Matt Bevin's executive orders to be separated
FOX 41 Louisville / Posted 28 days ago
wanted to combine the U of L case with a lawsuit he'd already filed against the Governor's reorganization of the Kentucky Retirement Systems Board -- but in court today, the two sides agreed to separate the cases. The lawsuit challenging Gov.... Read more
28d
Island Packet
Puerto Rico faces historic default as rescue bill approvedmeasures" in the next six months, including delaying payments to vendors and sp
Puerto Rico faces historic default as rescue bill approved
Island Packet / Posted 28 days ago
measures" in the next six months, including delaying payments to vendors and special contributions to the struggling retirement systems, so that it can continue providing essential services. Despite those measures, revenues in the operating... Read more
502 related stories
29d
Business Insider
While Main Street piled into a troubled hedge fund, Wall Street was backing awaypublic pensions and university endowments were among those adding hundreds of m
While Main Street piled into a troubled hedge fund, Wall Street was backing away
Business Insider / Posted 29 days ago
public pensions and university endowments were among those adding hundreds of millions in assets. The State of Michigan Retirement Systems, for instance, committed $100 million in the fourth quarter last year to Visium's healthcare fund. Even... Read more
2 related stories
29d
FOX 41 Louisville
UPS, pilots union reach tentative deal on five-year labor contractremains unclear. He is under contract... Beshear challenges Bevin's remake of
UPS, pilots union reach tentative deal on five-year labor contract
FOX 41 Louisville / Posted 29 days ago
remains unclear. He is under contract... Beshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems boardsBeshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems... Read more
3 related stories
30d
Salon.com
Governor who fired entire board makes new appointmentsof the university,” Beshear said. Bevin also is being challenged for abolishin
Governor who fired entire board makes new appointments
Salon.com / Posted 30 days ago
of the university,” Beshear said. Bevin also is being challenged for abolishing and reorganizing the Kentucky Retirement Systems board of trustees. Former board chairman Thomas Elliott, who was removed by Bevin, filed a lawsuit against... Read more
29 related stories
30d
FOX 41 Louisville
Two University of Louisville board appointees have business ties to U of L Foundationremains unclear. He is under contract... Beshear challenges Bevin's remake of
Two University of Louisville board appointees have business ties to U of L Foundation
FOX 41 Louisville / Posted 30 days ago
remains unclear. He is under contract... Beshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems boardsBeshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems... Read more
3 related stories
30d
Brandon Sun
Governor who fired entire board makes new appointmentsof the university," Beshear said. Bevin also is being challenged for abolishin
Governor who fired entire board makes new appointments
Brandon Sun / Posted 30 days ago
of the university," Beshear said. Bevin also is being challenged for abolishing and reorganizing the Kentucky Retirement Systems board of trustees. Former board chairman Thomas Elliott, who was removed by Bevin, filed a lawsuit against... Read more
29 related stories
30d
Al.com
Eight ideas to fix Alabama's broken political systemif they are part of a larger "class," such as lawmakers who are under the state
Eight ideas to fix Alabama's broken political system
Al.com / Posted 30 days ago
if they are part of a larger "class," such as lawmakers who are under the state retirement system voting on changes to the Retirement Systems of Alabama. The Ethics Commission has given vague and arbitrary guidance to how big that class must be.... Read more
1m
Animation World Network
Jeffrey Katzenberg Sued for Possible Side Deal in Comcast-DreamWorks Animation Mergerof the $3.8 billion Comcast-DreamWorks Animation merger struck in April. Minor
Jeffrey Katzenberg Sued for Possible Side Deal in Comcast-DreamWorks Animation Merger
Animation World Network / Posted a month ago
of the $3.8 billion Comcast-DreamWorks Animation merger struck in April. Minority DWA shareholder Ann Arbor City Employees Retirement Systems (AACERS) claims that Katzenberg’s profit-sharing and consulting arrangement is an “extraordinarily... Read more
9 related stories
1m
FOX 41 Louisville
Embassy Suites owner: hotel risks foreclosure because of mismanagementremains unclear. He is under contract... Beshear challenges Bevin's remake of
Embassy Suites owner: hotel risks foreclosure because of mismanagement
FOX 41 Louisville / Posted a month ago
remains unclear. He is under contract... Beshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems boardsBeshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems... Read more
3 related stories
1m
Boston Globe
City of Boston pension ranked 99th out of 105 in returns last yearcity of Boston’s pension plan reported a 1.1 percent loss on its investments fo
City of Boston pension ranked 99th out of 105 in returns last year
Boston Globe / Posted a month ago
city of Boston’s pension plan reported a 1.1 percent loss on its investments for 2015, ranking it 99th out of 105 public retirement systems in the Commonwealth for the year, according to a report by the Boston Municipal Research Bureau. The... Read more
m
FOX 41 Louisville
U of L foundation repays most of controversial loan from universityremains unclear. He is under contract... Beshear challenges Bevin's remake of
U of L foundation repays most of controversial loan from university
FOX 41 Louisville / Posted 1 months ago
remains unclear. He is under contract... Beshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems boardsBeshear challenges Bevin's remake of University of Louisville, Kentucky Retirement Systems... Read more
3 related stories
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