Public pension plans
News and video about Public pension plans from Pensions & Investments
Detroit fire, police retirees association reaches deal with city to restore pension benefits
trueDetroit reached agreement on Tuesday with the Retired Detroit Police and Fire Fighters Association over cuts to pension and other benefits proposed in the city's revised bankruptcy plan.
New Mexico Educational to look for private equity consultant
trueNew Mexico Educational Retirement Board plans to launch an RFP for a private equity consultant.
Comcast agrees to disclose political spending; N.Y. State Common withdraws resolution
trueThe New York State Common Retirement Fund, Albany, has reached an agreement with Comcast Corp. in which the media company will disclose political spending made with corporate money.
Manchester Employees' Contributory makes 2 private equity commitments
trueManchester (N.H.) Employees' Contributory Retirement System made two new private equity commitments totaling $9 million.
Philadelphia pension board invests in 2 credit hedge funds
truePhiladelphia Board of Pensions and Retirement made two direct investments in hedge funds totaling $60 million.
Texas County & District flows with EnCap Flatrock Midstream
trueexas County & District Retirement System committed $70 million to EnCap Flatrock Midstream Fund III.
Overland Park police, fire pension funds pick bond, real estate managers
trueOverland Park (Kan.) police and fire department pension funds hired Garcia Hamilton & Associates to manage a total-return fixed-income portfolio and Bailard to run a core-plus real estate fund.
Arkansas Teachers earmarks $85 million for real estate, private equity
trueArkansas Teacher Retirement System, Little Rock, made new real estate and private equity commitments totaling up to $85 million.
CalPERS, NYC Retirement Systems oppose Duke Energy directors in coal-ash spill aftermath
trueCalPERS and the New York City Retirement Systems are calling on shareholders to oppose the re-election of four independent directors to Duke Energy Corp.'s board, accusing them of having “failed to fulfill their obligations of risk oversight as members of a committee overseeing health, safety and ...
ERAFP scouting for SRI corporate bond managers
trueERAFP is searching for three money managers to run U.S. dollar-denominated socially responsible investing corporate bond funds.
CalPERS spends $1.3 billion for managing investments in fiscal year 2013
trueCalPERS spent $1.3 billion managing its investments in the fiscal year that ended June 30, with 90% of those costs attributable to fees paid to external investment managers, Wylie A. Tollette, the pension fund's chief operating investment officer, told the retirement system's investment committee ...
Illinois State Board putting $50 million total to 3 alts funds
trueIllinois State Board of Investment, Chicago, committed $30 million to Vista Equity Partners Fund V and $10 million each to Franklin Park Venture Series 2014 fund and International Series 2014 fund.
San Jose Federated issues RFP for discretionary manager to run at least 5% of assets; hires new CIO
trueSan Jose (Calif.) Federated City Employees Retirement System has reissued an RFP for a manager to provide an “outsourced investment function.”
Texas Permanent seeks emerging markets equity managers
trueTexas Permanent School Fund, Austin, will search for its first emerging markets equity managers to run a total of $888 million.
New York State Teachers looking to fill manager of external public equities position
trueNew York State Teachers' Retirement System is seeking a manager of external public equities.