News Clips for May 30, 2018
Autopsy of a Retirement Plan
How adequate are defined-contribution faculty retirement plans?
Here's what teachers accomplished with their protests this year
From West Virginia to Arizona, they walked out en masse to protest at their state capitols. Many were tired of working multiple jobs and wanted higher salaries.
Mass. Pension Fund Tops List of Private Equity Earners
CalPERS, Washington State Investment Board invest the most funds to the space.
'Level-dollar' pension funding bill advances in Michigan legislature
A Michigan bill would help the state avoid accumulating more pension debt and create more stable payment projections that could save taxpayers billions of dollars in the next two decades, its supporters say.
CIO Scott Evans to Leave NYC Pensions at Fiscal Year-End
Evans is the third CIO to resign from a NY pension this month.
R.I. Supreme Court denies appeals on state pension settlement
The R.I. Supreme Court denied the appeals against the state pension class action settlement made in 2015 on Friday, affirming the judgement of Superior Court.
Canada Blocks Chinese Takeover on Security Concerns
Canada has blocked a $1 billion takeover of a construction company by a state-controlled Chinese company over national security concerns, a rare move by a government that until now has largely welcomed such deals despite growing skepticism over Chinese money elsewhere.
Alcoa Contributes $500 Million to US Pension Plans
Aluminum producer used proceeds from recent debt offering to fund contribution.
Concerned about PERS legislation
(Ohio) This letter is in regard to a problem that has been in Ohio legislation since 1989, at least that's what I was told. Ohio is one of just three states that has this law that needs to be changed.