Public pension plans
News and video about Public pension plans from Pensions & Investments
Chicago Park District union files suit on constitutionality of pension reform law
trueA union for Chicago Park District employees, along with one active and one retired worker, filed a lawsuit challenging the constitutionality of a 2014 Chicago pension reform law for members of the $424.5 million Chicago Park Employees' Annuity & Benefit Fund.
NYC Retirement Systems returns 3.15%
trueThe New York City Retirement Systems posted a net 3.15% return for the fiscal year ended June 30.
New Hampshire Retirement System posts 3.5% return
trueNew Hampshire Retirement System, Concord, returned 3.5% net of fees in the fiscal year ended June 30, said spokesman Marty Karlon.
California governor signs bill requiring CalPERS, CalSTRS to divest coal
trueCalifornia Gov. Edmund G. “Jerry” Brown Jr. signed into law Thursday a bill that requires CalPERS and CalSTRS to divest from investments in coal companies, he announced on his website.
Texas County & District allocates $90 million
trueTexas County & District Retirement System, Austin, committed $50 million to Shamrock Capital Growth Fund IV, said a transaction report on the $25.2 billion pension fund's website.
Laredo Firefighters extinguishes Loomis Sayles strategy
trueLaredo (Texas) Firefighters' Retirement System is redeeming its $5.9 million investment in Loomis Sayles' senior loan fund, said recently released board meeting minutes.
Pennsylvania Public School Employees posts 3.04% fiscal year return
truePennsylvania Public School Employees’ Retirement System, Harrisburg, returned 3.04% net of fees in the fiscal year ended June 30.
Avon Pension Fund looking at pooling assets with other South West England plans
trueThe Avon Pension Fund, Bristol, England, should team up with its neighboring local government pension schemes in the South West of England to “actively explore options” for pooling investments, concluded a report by its pension fund committee.
Oklahoma Teachers hires CIO
trueKirk Stebbins was named chief investment officer of the $13.7 billion Oklahoma Teachers' Retirement System.
U.K. chancellor maps out consolidation of local pension plans to help aid infrastructure
trueThe U.K. government plans to merge the 89 local government pension funds across England and Wales into six so-called British wealth funds, with an aim of both reducing costs and increasing investment in British infrastructure.
Austin Employees on the lookout for a new CIO
trueAustin (Texas) City Employees' Retirement System is searching for a chief investment officer, said a job posting on the website of the National Association of State Retirement Administrators.
Japan's GPIF triples active international bond manager lineup
trueJapan's Government Pension Investment Fund on Thursday tripled its manager lineup for active international bonds and announced its first specific allocations for high-yield bonds and emerging markets debt.
San Mateo County Employees lowers equity targets in new asset allocation
trueSan Mateo County Employees’ Retirement Association, Redwood City, Calif., approved changes to its target asset allocation with slight increases to alternative asset classes and decreases in domestic and international equity.
Louisiana State Employees commits $100 million to buyout funds
trueLouisiana State Employees’ Retirement System made two new commitments to buyout funds totaling $100 million.
Nebraska Investment Council sets $100 million for 2 private equity funds
trueNebraska Investment Council made two new private equity commitments totaling $100 million.