Public pension plans
News and video about Public pension plans from Pensions & Investments
Maryland State Retirement sues BP over Deepwater Horizon explosion
trueMaryland Attorney General Douglas F. Gansler's office announced on Friday it is filing a lawsuit against BP PLC for losses sustained by the $44 billion Maryland State Retirement & Pension System, Baltimore, as a result of the 2010 Deepwater Horizon oil rig explosion and oil spill.
BCIMC calls for 30% requirement for women on boards, in senior management
trueBritish Columbia Investment Management Corp. is calling for the Ontario Securities Commission to require Canadian corporations to reserve at least 30% of the positions for directors and senior management for women.
Christian Brothers doesn't want Buffett on Berkshire Hathaway's board
trueChristian Brothers Investment Services is opposing the election of all Berkshire Hathaway Inc. directors, including Warren E. Buffett, chairman and CEO.
Denver Employees approves new asset allocation with boost to alternatives
trueDenver Employees Retirement Plan has increased targets to private equity, private senior debt, distressed debt and private energy following an asset-liability study.
Austin Police Retirement System names 4 finalists in midcap equity search
trueAustin (Texas) Police Retirement System selected finalists in its search for active domestic midcap equity managers, CEO Sampson Jordan wrote in an e-mail.
Treasury Department starting unit that includes oversight of public pension funds
trueThe Treasury Department is creating an Office of State and Local Finance to coordinate the department's efforts to oversee developments in state and local financial markets, including public pension fund liabilities.
Detroit Police & Fire Retirement System trustees approve pension deal
trueTrustees of the $3.4 billion Detroit Police & Fire Retirement System on Thursday morning approved the economic terms of a settlement that will eliminate the pension cuts included in the city's revised bankruptcy recovery plan, filed April 1 in U.S. Bankruptcy Court in Detroit.
Milwaukee Employes' Retirement initiates search for first hedge fund of funds
trueCity of Milwaukee Employes' Retirement System authorized a search for a hedge fund-of-funds manager to run $100 million, its first allocation to hedge funds.
Ohio PERS taps Aberdeen for $850 million emerging markets debt allocation
trueOhio Public Employees Retirement System hired Aberdeen Asset Management to run about $850 million in active emerging markets debt.
New York State Common commits to One Rock Capital Partners
trueNew York State Common Retirement Fund committed $15.2 million to private equity fund One Rock Capital Partners.
San Diego County Employees to set new asset allocation
trueSan Diego County Employees Retirement Association's investment board is scheduled to select a new asset mix, according to the agenda for the $9.5 billion pension fund's Thursday board meeting.
Riviera Beach retirement system resolves lawsuit with Aaron's Inc.
trueRiviera Beach (Fla.) General Employees' Retirement System preliminarily resolved a lawsuit it filed against Aaron's Inc. and its directors accusing the company of illegally restructuring its board in favor of management to deflect a proxy contest and possible takeover.
Detroit pension funds reach tentative deals on pension benefit cuts
trueDetroit's two public employee pension funds reached separate tentative agreements regarding pension benefit cuts included in the city's revised bankruptcy recovery plan, filed April 1 in U.S. Bankruptcy Court in Detroit.
Louisiana Municipal Police Employees targets high-yield, emerging markets debt searches
trueLouisiana Municipal Police Employees' Retirement System will search for a domestic high-yield fixed-income manager to run about $83 million and an active emerging markets debt manager to run about $52 million.
Tennessee Consolidated hunts for real estate consultant
trueTennessee Department of the Treasury is searching for a real estate consultant for the $40 billion Tennessee Consolidated Retirement System.