News Clips for January 23, 2018
Colorado pension fund sues 9 banks over alleged Canadian rate manipulation
Colorado Fire & Police Pension Association, Greenwood Village, filed a class-action lawsuit against nine banks, including six Canadian banks, over alleged rate manipulation.
National Study Hammers Illinois Budget Practices
A national study of state government budgeting gives Illinois low marks.
Bevin's Pension Plan Would Require More Funding Than Proposed Budget
Gov. Matt Bevin's proposal for how the state should spend money over the next two years would make steep cuts and set aside more money than ever before for the ailing pension systems. But even more money would be required if the legislature approves the governor's plan to overhaul the state's pension systems.
Facing Police Shortage, NM Considers Pension Changes
As Santa Fe expands city turf, it co-sponsors supportive resolution.
Managing pension funds isn't easy, but should we be forced to work into our 70s?
What happens when employers start chipping away at their workers' promised retirement benefits?
On PERA reform, finish the work Greg Smith started
Like so many in Colorado's investment community, I was shocked by the sudden death of Greg Smith. (subscription required)