Tag: Public Pension

The appellate court in California said public employees have a “vested right” to a pension that is a “reasonable” pension—not...

The trend of public-sector retirement systems reducing investment return assumptions has been going on since 2008.

The plaintiffs serving as representatives of the class include the City of Birmingham Retirement and Relief System.

The five-year plan identifies six strategic initiatives and key performance indicators.

The bank has agreed to pay $335 million to settle a lawsuit brought by the Pennsylvania Public School Employees’ Retirement...

Gary Findlay, former Executive Director of the Missouri State Employees Retirement System (MOSERS), says public pension leaders need to get...

The appellate court concluded the Ohio pension fund plausibly alleged facts to support its claims.

Research finds that nearly all state retirement systems have features that allow for preservation of retirement income benefits even for...

State and local government employers are paying a larger share of required contributions, an analysis finds.

The president allegedly received kickbacks for investing the Correction Officers’ Benevolent Association’s Annuity Fund assets in a hedge fund.

Many New Jersey public sector retirees saw their cost-of-living adjustments (COLA) suspended under a pension-reform bill signed in June 2011.

CEM Benchmarking found that the annual cost to manage the CalPERS portfolio was approximately $52 million lower than its peers.

 

Pension beneficiaries keep receiving their pension checks in good as well as bad economic times, making them an important driver...

Corporate ERISA plans had the best performance in the quarter.

The new GASB statement addresses practice issues raised by stakeholders during implementation of previous statements for financial reporting for government...

The suit says misrepresentations about complex investments such as residential mortgage-backed securities contributed to major losses for the nation’s two...

A plan presented to the State Investment Council suggests the public fund should re-allocate hedge fund money into a 60/40...

CalPERS announced the settlement of a Great Recession-era lawsuit against Moody's and Moody's Investors' Services, bringing total recovery from the...

The public fund giant says VW’s purposeful deception in defeating air quality controls on millions of diesel vehicles polluted the...

This leaves in place a New Jersey Supreme Court decision that contributions agreed upon in 2011 pension reform are not...