|
State News
Nebraska Legislators, In a Rare Move, Reject Hiring By a State Agency
In a rare move, state lawmakers voted Wednesday to reconsider, and then reject, a state agency appointment — the hiring of Jason Hayes as the new director of the Nebraska Public Employees Retirement Systems (NPERS). Read more
CalPERS Laser-Focused on Killing State Fossil Fuel Divestment Bill
CalPERS is executing a full-court press with staff and trustees and other stakeholders to stop a California bill that would require it and CalSTRS to divest from and halt further investment in fossil fuel companies. Read more
New York Common Signs Political Disclosure Agreements With 7 Firms
New York State Comptroller Thomas DiNapoli, trustee of the $242 billion New York State Common Retirement Fund, announced the fund has struck deals with seven portfolio companies to get them to be more transparent about their spending on political issues. Read more
Six Years After OregonSaves Launch, Workers Have Saved More than $200M for Retirement
OregonSaves, the auto-enrollment retirement savings program, now holds $200 million saved for retirement by Oregonians, state officials announced in a press release. More than 118,000 workers from more than 21,00 businesses have saved for retirement statewide in the program. Read more
Could Oklahoma’s Law on Anti-Oil and Gas Investments Hurt Pensioners?
In Oklahoma, 13 financial firms are now on a list of companies banned from doing business with state pension funds or participating in state bond sales. State Treasurer Todd Russ, a Republican who was elected in November, issued the first restricted company list in early May. Read more
Chicago Pension Task Force Begins Work
A "working group" made up of city, state, and labor officials tasked by Chicago Mayor Brandon Johnson with finding long-term funding and structural fixes to pension funding strains held its first meeting this week with a fall legislative veto session the target for initial action. Read more
SDRS Pension Plan Earnings Were Up Through May
South Dakota Retirement System earnings were up 3.67% through May, according to the state Investment Office. The system uses a fiscal year that ends June 30. Read more
CalPERS Announces Third-Party Data Breach Affecting 769,000 Retirees
CalPERS experienced a third-party cybersecurity breach affecting the personal information of 769,000 retirees, said David Miller, chairman of CalPERS' risk and audit committee at Wednesday's meeting.
Read more
Two Pennsylvania Bills May Bring Relief to Thousands of Retirees
Relief may be on the way for 40,000 retired public workers in Pennsylvania with the introduction of two bills that would give retired educators and support professionals their first cost-of-living adjustment (COLA) in more than two decades. Read more
US Pension Fund CalSTRS Shortlists Candidates for China Stock Portfolio
"We have identified 19 managers for our China public equity pool. Placement in this pool does not guarantee a manager will receive an allocation," the firm said a statement to Reuters that did not disclose the names of the managers. Read more
|
