CalPERs Investment Office Continues to Cut Expenses
CEM Benchmarking found that the annual cost to manage the CalPERS portfolio was approximately $52 million lower than its peers.
Tag: Public
N.J. Unions Call on Pension Plan to Get Out of Alternatives
A plan presented to the State Investment Council suggests the public fund should re-allocate hedge fund money into a 60/40...
CalSTRS Suing Volkswagen
The public fund giant says VW’s purposeful deception in defeating air quality controls on millions of diesel vehicles polluted the...
High Court Denies Review of N.J. Pension Contribution Case
This leaves in place a New Jersey Supreme Court decision that contributions agreed upon in 2011 pension reform are not...
Ill. Considering Use of Private-Sector Tactics to Reduce Pension Liability
Two bills propose to offer retirees lump-sum payments.
CalPERS Explains a Tough Benefit Denial Decision
The CalPERS Board determined that pay granted as a lawsuit settlement was not pay that could be included in pension...
Report Reveals Stress Points in NYC Pension System
New York City’s Bureau of Asset Management has to improve its pension oversight, the report says.
GASB 68 a Wake Up Call for Local Governments
Researchers found that for 92 cities, the unfunded liability as a percentage of revenue rises from 37% before GASB 68...
State Street Will Pay $12M in Pay-to-Play Case
The SEC charged the bank for a pay-to-play scheme to win contracts to service Ohio pension funds.
GASB Issues Several New Standards for Governmental Plans
The guidance is related to accounting and financial reporting of fiduciary activities, certain asset retirement obligations, and pension issues.
Conn. Treasurer Says No Way to 'Earn' out of Underfunding
Discussing the governor’s pension reform initiatives, the treasurer said there is no investment strategy that will solve the problem; the...
Items Coming from the GASB in December
The Governmental Accounting Standards Board has announced a number of projects it will complete before the end of 2015 that...
Public Pensions Face Imminent Funding Challenges
Flat returns, lowered assumptions and changing participant demographics will erode funded ratios, according to a report from Milliman.
CalPERS Adopts Funding Risk Mitigation Policy
The plan did not get a good reaction from the governor.
City’s Retirement Plan Claims Against Buck Dismissed
The city of Providence, Rhode Island, claimed its long-time actuary, Buck Consultants, incorrectly estimated savings it would see from suspending...
Pension Plans Get a Positive Push from the Market in October
Institutional investors of all types found relief from market headwinds.
OCIO Market Expansion Reaching Public DBs
Cerulli Associates shares findings that clearly show increased demand from public pension plans for outsourced investment leadership.
Pension Plans Took a Beating in September
Institutional investors of all types faced another difficult month.
EEOC Charges Fire Company with Age Discrimination
The agency accuses the fire company and several Long Island towns and villages with preventing older workers from earning credits...
Institutional Investors Fared Poorly in August
“The decline in asset values that hit typical public defined benefit plans, endowments and foundations was primarily due to poor...