News Clips for July 18, 2017
That's Not Private Equity, That's a Pension Fund
Retirement plans cut out the middleman to acquire smaller and midsize businesses or invest directly in their private debt.
Vermont Passes Bill to Implement State-Run Retirement Plan for Private-Sector
The bill would implement a voluntary retirement program for businesses with 50 or fewer employees.
San Francisco City & County reports 13.7% fiscal-year return
San Francisco City & County Employees' Retirement System reported a 13.7% return for the fiscal year ended June 30, shows a report by William Coaker Jr., chief investment officer.
Can public pension benefits be cut? Kentucky officials looking into it
Advocates for public employees and teachers in Kentucky are uneasy as Gov. Matt Bevin prepares to call a special legislative session to stabilize Kentucky's public pension crisis.
Kentucky Retirement Systems lowers assumed rate to 6.25% for 3 plans
Kentucky Retirement Systems, Frankfort, lowered the assumed rate of return for the Kentucky Employees Retirement System hazardous pension plan, County Employees Retirement System hazardous and non-hazardous pension plans, and five insurance plans to 6.25% from 7.5%, said David L. Eager, interim executive director of the $16 billion retirement system.
New Public School Employee Retirement Plan to Take Effect Next Year
(Michigan) New teachers will automatically be put into a straight 401-K plan. But they can enroll in a hybrid plan if they want.
After Reform, Outlook for the Dallas Police and Fire Pension 'Cautiously Optimistic'
Late last year, the system was projected to be bust within the decade.
Who Will Really Benefit From Expanded Canada Pension Plan?
Overall, the picture is very different from that portrayed by our politicians.
States should stick to pension promise
Inequality is rising. The gap between the rich and the rest of us is growing. And big corporations, their CEOs and other millionaires control the levers of power. These wealthy elites are using their vast fortunes to rig the rules of our economy - even our very democracy - for their own benefit.