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State News
ND Lawmakers Weigh Future of Public Employees’ Pension Plan, Nearly $2B Shortfall
Several bills seek to make the fund solvent but diverge on whether to preserve the defined-benefit public pension plan or transition to a defined-contribution plan for future employees. Read more
Public Safety Pension Bill Makes it Through First Hurdle in Alaska House, With Many to Come
The bill in question would create a new defined benefits pension plan only for firefighters and certain law enforcement officials in the state, constituting around 7% of the state's public employees. The measure, sponsored by Anchorage Democrat Rep. Andy Josephson, aims to address lagging recruitment and retention of critical state workers without committing the state to a plan it cannot afford. Read more
California Bills Call for CalPERS, CalSTRS to Divest Fossil Fuels, Company Climate Disclosure
California lawmakers introduced a package of bills in the state Senate that would require the state's public pension funds to divest from fossil fuels and force large companies operating in California to disclose more climate-related information. Read more
Colorado PERA: 2023 Proposed Legislation Status
The 2023 Colorado General Assembly commenced January 9 and will continue for 120 days. Find summaries of proposed legislation affecting Colorado PERA. Read more
Gov. DeSantis Pushes for More Pension Spending in New Budget
State pensioners will see boosts in payouts and the state contribution. Gov. Ron DeSantis told reporters in Tallahassee the state would chip in an “additional 3% for employer contribution in the state retirement system.” Read more
New York State Common Allocates $1.1 Billion to Alternatives
New York State Common Retirement Fund, Albany, disclosed just over $1.1 billion in new commitments completed in December, a transaction report on its website shows. Read more
Alaska Public Worker Shortage Fuels Renewed Interest in Pension Plan
A deepening crisis in recruiting and keeping state workers is pushing Alaska lawmakers to consider a new pension plan for public employees. But they are still far from agreeing on the structure of the new plan, or who will benefit. Read more
Florida Pension Managers Chase Returns on Investments Amid 'ESG' Uproar
As Gov. Ron DeSantis and other Florida Republican leaders regularly criticize “environmental, social and governance” investing, state pension-fund managers maintain some investments in firms that could draw fire for being overly progressive. Read more
Colorado Fire & Police Pension Fund Pool Posts -7.8% Net Return for 2022
Colorado Fire & Police Pension Association's $5.1 billion long-term pool reported a preliminary net return of -7.8% for the fiscal year ended Dec. 31. Read more
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