Public pension plans
News and video about Public pension plans from Pensions & Investments
VRS starts "experiment' with strategic alliances
trueThe $65.2 billion Virginia Retirement System, Richmond, is ready to join the growing ranks of public pension funds creating strategic alliances with external investment managers.
Fiduciary concerns, complexities with the SEC's pay-to-play rule
trueThe Securities and Exchange Commission's recent announcement of its first enforcement action under the “pay-to-play” rule it adopted in 2010 demands the attention of those responsible for governmental retirement plans to understand the regulation and its implications in order to secure the maximum ...
Jim Mosman, former CalSTRS CEO and NTCR executive, dies
trueJim Mosman, former CEO of the California State Teachers' Retirement System and former executive director of the National Council on Teacher Retirement, died Nov. 4 in an apparent suicide.
New York City promotes 2 to head of private equity, hedge funds
trueAlex Done and Neil Messing were named head of private equity and head of hedge funds, respectively, at the bureau of asset management in the office of New York City Comptroller Scott Stringer, said Eric Sumberg, Mr. Stringer’s spokesman.
Judge rules Illinois pension reform law is unconstitutional
trueA Sangamon County Circuit Court judge ruled Friday that Illinois' pension reform law passed last year is unconstitutional.
Illinois SURS taps Hollins Group for executive director search
trueThe executive committee of the Illinois State Universities Retirement System board of trustees hired The Hollins Group to assist in a national search for candidates for executive director.
South Carolina has to allocate up to $1.5 billion in alts to reach new asset mix
trueSouth Carolina Retirement System Investment Commission, Columbia, received an update on the progress of implementing the pension fund's asset allocation, which became effective July 2013.
Moody's finds decline in public pension liabilities in fiscal year 2013
trueState public pension funds saw a decline in liabilities in fiscal year 2013, thanks to favorable investment performance and higher contribution levels, said Moody’s Investors Service.
Arizona Public Safety allocates $193 million to 4 managers
trueArizona Public Safety Personnel Retirement System, Phoenix, hired BlackRock to manage $30 million in frontier markets equity.
Texas Teachers picks new head for emerging managers
trueCheryl Lynette Hines will join the Texas Teacher Retirement System on Dec. 1 as director of the $129 billion fund's emerging managers program.
South Carolina sets $619 million for 4 firms
trueSouth Carolina Retirement System Investment Commission invested or committed a total of $619 million with four alternative investment managers, with the possibility of an additional $450 million being invested over time.
Virginia Retirement System slates $1 billion in commitments
trueVirginia Retirement System committed $428 million to a new strategic opportunity program, $225 million to private equity and $350 million to real estate in recent weeks.
Ohio State Highway Patrol looking to add TAA manager
trueOhio Highway Patrol Retirement System, Columbus, is searching for a tactical asset allocation manager to run between $10 million and $25 million.
Cincinnati Retirement System to call for consultant
trueCincinnati Retirement System will search for an investment consultant either late this year or early in 2015.
Illinois court to hear arguments on pension reform law's constitutionality
trueA Sangamon County Circuit Court judge was set to hear oral arguments Thursday over the constitutionally of Illinois' pension reform law passed last year.