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State News
Colorado Legislators Pass Three PERA-Related Bills During 2023 Legislative Session
Colorado’s first regular session of the 74th General Assembly ended on May 8, 2023. Over the course of 120 days, legislators took up seven bills affecting Colorado PERA. Read more
Illinois Nears Completion of Statewide Police Pension Consolidation
IPOPIF CIO Kent Custer reported that 324 of 357 pension funds have consolidated, totaling $9.1 billion. Read more
New York Pension Funds Take Different Approaches to Setting Rates of Return
The largest public pension plans in New York — among the biggest in the country — take different approaches to setting assumed rates of return, with each producing a different result and each having a different person or persons setting the rate. Read more
Maine Legislators Halt Bill Opposed to Use of ESG Factors
State pension officials argued against the bill, noting that it either duplicated existing law, went against Maine’s constitution or had the potential to negatively affect investment decisions. Read more
Thousands of Ventura County Retirees Face Pension Cuts
Thousands of County of Ventura retirees may face pension cuts as local officials apply new rules to comply with a 2020 court decision. The cuts are based on a California Supreme Court decision that says some compensation should not be counted toward an employee's pension. Read more
Florida Pension Sues Fidelity National Over Worldpay Deal
The Palm Bay Police and Firefighters Pension Fund has filed a securities class action lawsuit against Fidelity National Information Services Inc. for allegedly failing to disclose material information related to its $43 billion acquisition of payments company Worldpay Inc. Read more
Changes to Police and Fire Pensions Approved by El Paso Voters
Among the proposed amendments that received voter approval is Proposition I, which means retired police and firefighters may be able to get higher pension contributions from El Paso taxpayers. Read more
NYC Pension Funds Are Sued for Cutting Fossil-Fuel Stakes
In a new attack against ESG investing, three New York City pension funds were sued for allegedly breaching their fiduciary duty by selling billions of dollars of fossil-fuel assets. Read more
Massachusetts PRIM Reports 3.7% First Quarter Gain
The Massachusetts Pension Reserves Investment Management board reported a 3.7% gain for the first quarter ended March 31, lifting the value of the state's Pension Reserves Investment Trust fund to $94.7 billion. Read more
Teachers’ Retirement System Gets Two New Board Members
The State Teachers Retirement System of Ohio has two new members, after a newcomer won an election on Friday and Ohio Gov. Mike DeWine appointed a new member to the board. Read more
New York Common Commits More Than $600 Million in March Investments
The fund also reached deals with four major U.S. companies to reduce their greenhouse gas emissions. Read more
Quincy Officials Concerned with Early Consolidated Public Safety Pension Fund Returns
The fire pension fund had a value of $41.262 million at the end of March — down 10% since the funds were transferred in November and December 2021. The police pension fund was valued at $45.746 million — down 3.5% since the state received the money in March and April 2022. Read more
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