Public pension plans
News and video about Public pension plans from Pensions & Investments
Los Angeles board strikes down city's bid to roll back pensions
trueLos Angeles officials violated the law when they rolled back pension benefits for new employees in 2012, the city Employee Relations Board ruled, jeopardizing as much as $4.3 billion in projected savings over 30 years.
NYC Retirement Systems post 17.4% fiscal year return
trueNew York City Retirement Systems achieved an estimated return on investments of 17.4% for the fiscal year ended June 30, said a news release issued Monday by Comptroller Scott Stringer, adviser and custodian for the five pension funds that make up the retirement system.
NYSTRS earmarks $300 million to 4 funds
trueNew York State Teachers' Retirement System, Albany, committed $300 million to private equity and real estate funds.
LA City terminates manager, commits to private equity, selects commodities finalists
trueLos Angeles City Employees' Retirement System terminated Boston Company Asset Management for performance reasons, minutes from a July board meeting show.
Oklahoma Teachers reports 22% fiscal year return
trueOklahoma Teachers’ Retirement System, Oklahoma City, returned 22% net of fees for the fiscal year ended June 30, surpassing the 18.1% custom benchmark return.
DFW Airport commits $15 million to Constitutional Capital
trueDallas/Fort Worth International Airport committed $15 million to Constitution Capital Ironsides III Private Equity Fund.
Franklin Employees picks Longfellow for active core bonds
trueFranklin (Tenn.) Employees’ Pension Fund hired Longfellow Investment Management to run between $5 million and $10 million in an active domestic intermediate-term core fixed-income portfolio.
Oklahoma Police launches search for large-cap core manager
trueOklahoma Police Pension & Retirement System is searching for a passive domestic large-cap core equity manager to run approximately $350 million.
N.Y. State Teachers shows 12.8% hike in assets
trueNew York State Teachers' Retirement System, Albany, reported an estimated $107.6 billion in assets for the fiscal year ended June 30, an all-time high and a 12.8% gain from the $95.4 billion a year earlier.
London Councils seeks asset servicer for collective pension fund
trueLondon Councils is searching for a custodian for a collective investment fund for 33 local authority pension funds in London.
Louisiana School Employees takes interim tag off new CIO
trueChristopher Saik was named chief investment officer of the $1.8 billion Louisiana School Employees’ Retirement System.
Santa Barbara County posts opening for CEO
trueSanta Barbara County (Calif.) Employees' Retirement System is searching for a CEO.
OPTrust promotes 2 to private markets co-heads
trueGavin Ingram and Sandra Bosela were promoted to co-heads of private markets at OPTrust.
PennSERS commits $75 million to 2 funds
truePennsylvania State Employees’ Retirement System approved commitments totaling $75 million to two alternative investment funds.
Lakeland signs Wells Fargo as custodian
trueLakeland (Fla.) Employees' Pension and Retirement System hired Wells Fargo as custodian.