Public pension plans
News and video about Public pension plans from Pensions & Investments
Chicago gets new city treasurer
trueKurt Summers Jr. on Wednesday was appointed Chicago city treasurer by Mayor Rahm Emanuel, effective Dec. 1.
Coatesville, Pa., seeks consultant for 3 pension funds
trueCoatesville, Pa., is searching for an investment consultant for its police, fire and non-uniform pension funds.
Santa Barbara County takes interim tag off new CEO
trueGreg Levin was named CEO of the $2.5 billion Santa Barbara County (Calif.) Employees’ Retirement System.
Alameda County commits additional $15 million to Angelo Gordon fund
trueAlameda County Employees' Retirement Association made a follow-on commitment of $15 million to AG Opportunistic Whole Loan Fund, a direct loan fund that invests in residential mortgage loans managed by Angelo Gordon & Co.
New Orleans mayor creates pension reform group to sustain firefighters plan
trueNew Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.
Lexington Contributory Retirement seeks senior direct lending manager
trueLexington (Mass.) Contributory Retirement System is searching for a manager to run about $5 million in a senior direct lending portfolio.
Phoenix City Employees commits to 2 real estate funds
truePhoenix City Employees’ Retirement System committed $30 million each to Northwood Real Estate Partners Series V, a non-core real estate fund managed by Northwood Investors, and Real Estate Capital Asia Partners IV, an opportunistic non-core real estate fund managed by SC Capital Partners.
Dallas Police & Fire splits administrator position, looking to fill 2 roles
trueDallas Police & Fire Pension System decided to split the retirement administrator position into two roles — an executive director/CEO and chief investment officer.
Kansas City Police puts $45 million in Fidelity real-return fund
trueKansas City (Mo.) Police Employees’ Retirement System invested $45 million in Fidelity Investments’ Strategic Real Return mutual fund.
Colorado high court upholds COLA reduction for state pension fund
trueThe Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was constitutional, court documents show.
Chicago treasurer won't seek re-election, sits on 5 pension fund boards
trueStephanie Neely, Chicago city treasurer, announced Monday she will not run for re-election in early 2015.
New Jersey Division of Investment selects deputy director
trueCorey Amon was named deputy director of the New Jersey Division of Investment, the office in the state Treasury Department that manages investments for the $81.2 billion New Jersey Pension Fund, Trenton.
San Jose Police & Fire moves away from international small cap
trueSan Jose (Calif.) Police & Fire Department Retirement Plan approved transferring $245 million to a different Northern Trust Asset Management passive strategy to reduce the plan’s exposure to international small-cap equity and increase exposure to international large-cap equity.
Houston Firefighters board awaits mayor's response on plan for new hires
trueThe Houston Firefighters’ Relief and Retirement Fund is waiting on a response from Mayor Annise Parker about a counter proposal to her proposed plan to put future city firefighters in a new pension plan overseen by the city, said Todd E. Clark, board chairman.
LACERS preps asset-liability study
trueLos Angeles City Employees’ Retirement System expects to launch an asset-liability study next winter, minutes of the Sept. 23 board meeting show.