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State News
Preparing for the 2023 Colorado Legislative Session
The 74th Colorado General Assembly will include dozens of new legislators. PERA’s Public & Government Affairs Manager Michael Steppat will be helping those legislators get up to speed on all things PERA as the new session begins. Read more
City of Chicago Makes a Voluntary Advance Pension Payment of Nearly a Quarter of a Billion Dollars
Mayor Lori E. Lightfoot announced that the City would be following through on its promise to contribute $242 million in the form of an advance pension payment to the City’s four pension funds. This is a part of a new pension funding policy that aims to ensure the city’s continued financial recovery by preventing its unfunded pension liabilities from growing any further. Read more
New Hampshire Cities and Towns Will Save Money as State Retirement System Rates Drop for the First Time in 20 Years
The amount of money employers pay into the system on behalf of government workers, which are set every two years, are lower this year as a result of strong investment performance over the last five years, said Marty Karlon, director of communication and legislative affairs for the New Hampshire Retirement System. Read more
Juneau Looks to New Recruitment Strategies Amid City Worker Shortage
The Juneau Assembly is considering offering sign-on bonuses and enhancing retirement benefits to attract and retain more city workers. Read more
ESG Backlash Continues with Kentucky List That Includes BlackRock
Kentucky state Treasurer Allison Ball released a list of 11 financial companies that includes BlackRock that she said are engaged in "energy company boycotts." Read more
Jacksonville Police & Fire Puts $30 Million in Credit Fund
The $2.7 billion pension fund's board approved the commitment to the opportunistic credit fund managed by Kennedy Lewis Investment Management at its Dec. 22 meeting, said Timothy H. Johnson, executive director. Read more
PennPSERS Appoints Benjamin Cotton as CIO
He will join the pension fund Jan. 17 and will replace Interim CIO Robert Devine, who has held the position since December 2021 after the board voted the previous month for the retirement of prior CIO James H. Grossman Jr. Read more
Illinois Municipal Hikes PE Target
Illinois Municipal Retirement Fund will increase its target allocation to alternative investments over the next three years. Read more
Kentucky Public Pensions Joins Queue for Ceres Farmland Fund
Kentucky Public Pensions Authority (KPPA) has joined a queue of investors waiting to access an open-ended farmland fund. Read more
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