SustainabilityHQ USPPF News and Information Dashboard

Listed below are the 50 most recent news articles about United States Pension Funds, continuously gathered from around the globe by the Institute.  The flow of news involved United States Pension Funds in general as well as the activities of specific United States Pension Funds and their investments. Archives are available in this content silo (which are permanently maintained).

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United States Pension Funds News

SEC, SASB, GRI, IIRC, FSB-TCFD

This AGM season's shareholder resolutions: how we have voted   
July 29, 2021
Source: Schroders - From our voting on climate change, human rights and data privacy, this is how we've responded to shareholder resolutions this year.
[more] 
Vacaville City Council approves Grand Jury response on first in-person meeting since 2020   
July 29, 2021
Source: The Reporter - For one of its first orders of business, the council unanimously approved the city’s response to a recent Solano County Grand Jury report opining that the city needs to do more to address
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Investments Counsel   
July 29, 2021
Source: Pensions&Investments - The New York State Common Retirement Fund has a diversified investment portfolio with a range of investments in public equity, fixed income, credit, real estate, private equity, real assets ...
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Vacaville City Council approves Grand Jury response in first in-person meeting since 2020   
July 29, 2021
Source: The Reporter on MSN.com - For one of its first orders of business, the council unanimously approved the city’s response to a recent Solano County Grand Jury report opining that the city needs to do more to address
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Pension funds talk green but hold billions in polluter stocks   
July 29, 2021
Source: InvestmentNews - The 10 largest public pension funds devote about 9% of their combined equity holdings to 20 polluter companies.
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CalPERS finds proxy success by employing team approach   
July 28, 2021
Source: Pensions&Investments - CalPERS officials are seeing a noticeable increase in asset owners supporting each other on certain proxy issues such as climate change as well as diversity, equity and inclusion. Some of these ...
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California teachers’ pension fund reports record-high investment gains. Here’s what that means   
July 28, 2021
Source: Sacramento Bee - The return drove the total value of the California State Teachers’ Retirement System’s investment fund to $308.6 billion, according to the release, up from $246 billion a year earlier. “We’ve built our...
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CalSTRS chalks up 27.2% fiscal-year return   
July 28, 2021
Source: Pensions&Investments - CalSTRS' portfolio earned a 27.2% net return in the fiscal year that ended June 30, outperforming its benchmark.
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MSCI (MSCI) Q2 2021 Earnings Call Transcript   
July 28, 2021
Source: The Motley Fool on MSN.com - Q2 2021 Earnings CallJul 27, 2021, 11:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to the MSCI second-quarter 2021 earnings conference call.
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Historic fund performance exceeds 30-year return assumption and sets an all-time record   
July 28, 2021
Source: KLAS Press Release - Th (CalSTRS) today announced a 27.2% net return on investments for the 2020–21 fiscal year, a record high that far exceeded the investment assumption of 7.0%. Growth was driven by strong performance across all markets,
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CalSTRS outperforms in every asset class   
July 27, 2021
Source: top1000funds.com - CalSTRS outperformed its custom benchmark in every single asset class  to deliver a historic fund performance of 27.2 per cent for the year. Amanda White spoke to CIO, Chris Ailman.
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Democratic nominee for NYC comptroller says he supports Ben & Jerry’s West Bank ban   
July 27, 2021
Source: The Forward - Pension fund investments in bonds - foreign and domestic -- are among the city comptroller’s responsibilities.
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Five States Consider Sanctions on Ben & Jerry’s   
July 27, 2021
Source: The Jewish Exponent - Could Ben & Jerry’s decision to stop selling its ice cream in the West Bank trigger many or all of the laws that U.S. states have passed in recent years to hurt the Israel boycott movement'
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Engine No. 1 Lessons for Environmental Proxy Campaigns   
July 27, 2021
Source: Bloomberg Law - Time will tell whether the recent success of investment startup Engine No. 1 in gaining three board seats at Exxon Mobil Corp. will prompt imitators. But the environmental proxy campaign offers lessons that could be applied in...
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Could New York State divest from Ben & Jerry's'   
July 27, 2021
Source: Arutz Sheva - New York State's massive retirement fund trustee warns of possible divestment from Ben & Jerry's parent company over Judea & Samaria boycott
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Investors lean on Unilever over Ben & Jerry's Israel boycott   
July 27, 2021
Source: Pensions&Investments - New York State Common Retirement Fund's investment in Unilever could be threatened by subsidiary Ben & Jerry's Israel boycott, the state comptroller's office warned the company. Liz Gordon, executive director of corporate...
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CalPERS finds proxy success by employing team approach   
July 26, 2021
Source: Pensions&Investments - CalPERS officials are seeing a noticeable increase in asset owners supporting each other on certain proxy issues such as climate change as well as diversity, equity and inclusion. Some of these initiatives are starting to pass...
[more] 
Five US states take aim at Ben & Jerry’s over settlement boycott   
July 26, 2021
Source: The Times of Israel - Officials in Florida, Texas, New York, New Jersey and Illinois reviewing whether move requires divestment from parent company Unilever under their various state laws
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New York town of Hempstead to end sales contracts with Ben & Jerry's   
July 26, 2021
Source: The Jerusalem Post Blogs - Following the ice cream company's decision to end the sale of their products in the West Bank and east Jerusalem, the town of Hempstead decided that they will be cutting ties with the company.
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CalSTRS’ assets top $300 billion for the first time   
July 26, 2021
Source: Pensions&Investments - CalSTRS' portfolio has crossed the $300 billion mark for the first time, despite a rugged 18-month period that included shutdowns around the globe, market volatility, virtual board meetings and investment staff mostly working...
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Cuomo pressured to cut NY ties with Ben and Jerry’s over Israel sales freeze   
July 25, 2021
Source: New York Post - Cuomo’s own 2016 executive order forbids New York State from doing business with companies who support the Boycott, Divestment and Sanctions campaign.
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NY pension fund puts Unilever on notice over Ben & Jerry’s sales ban   
July 24, 2021
Source: New York Post - The main pension fund for New York’s state government workers and retirees warned Ben & Jerry’s parent company, Unilever, on Friday that it might restrict its investments in the
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5 states are considering sanctions on Ben & Jerry’s after West Bank pullout   
July 24, 2021
Source: Jewish Telegraphic Agency - Florida, Texas, New York, New Jersey and Illinois are reviewing whether Unilever, Ben & Jerry's parent company, has triggered their individual anti-BDS laws.
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Large Public Pension Plans ‘Move Aggressively’ Toward ESG Integration, Even as Smaller Plans Fall Short.   
July 23, 2021
Source: Institutional Investor - Smaller defined benefit plans fall victim to budgetary constraints, personnel shortages, and a “murky” regulatory environment, according to a Cerulli Associates survey.
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Blue Shield of California Seeks to Serve More CalPERS Members in 2022 With Expansion of its Services into 13 California Counties   
July 22, 2021
Source: publicnow.com - Blue Shield of California is expanding its health benefits plan offerings for CalPERS members into 13 California counties in 2022 and CalPERS retirees will benefit from a new Medicare Advantage PPO plan that will be available...
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CalPERS’ board mulls CIO hunt ahead   
July 22, 2021
Source: top1000funds.com - A detailed analysis of the largest 100 asset owner CIOs, plus a wishlist of characteristics and skills of the right candidate were front and centre of the latest CalPERS board meeting as the fund still searches for a permanent...
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NYSCRF doubles commitment to Black Creek Industrial Fund   
July 22, 2021
Source: IPE - New York State Common Retirement Fund has (NYSCRF) has made doubled its commitment to Black Creek Industrial Fund, investing a further $200m (€169.9m) in the open-ended US industrial property fund. The $254.
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Big year for CalPERS means higher pension costs for some public employees   
July 22, 2021
Source: Sacramento Bee - Some local government employees in California likely will have to pay more toward their pensions as an indirect result of CalPERS’ good year on investment returns. The California Public Employees’ Retirement System...
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Visier – SEC Requiring More Data On Diversity, Equity And Inclusion With Ian Cook   
July 21, 2021
Source: Recruiting News and Views @ RecruitingDaily - Podcast: SEC is requiring more DEI data. Ian Cook and William Tincup walk us through what that means and why it's happening.
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How the Power of Data Will Advance Diversity, Equity and Inclusion   
July 21, 2021
Source: Nasdaq - Nasdaq’s Diversity and Inclusion data are now available to its investors, providing standardized and quantitative data at no charge. N asdaq’s Diversity and Inclusion data are now available to its investors,
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Former Bank of America chairman Holliday takes same role at Shell | Charlotte Observer   
July 20, 2021
Source: Charlotte Observer - Chad Holliday Jr. is going from helping Bank of America recover from the financial crisis to helping Royal Dutch Shell deal with slumping oil prices. Holliday, who was Bank of America’s chairman ...
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CalPERS reports preliminary 21.3% investment returns for fiscal year 2020-21   
July 20, 2021
Source: oc-breeze.com - CalPERS reported a preliminary 21.3% net return on investments for the 12-month period that ended June 30, 2021. CalPERS assets at the end
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EQT Exeter closes $2.5 billion logistics fund   
July 20, 2021
Source: Pensions&Investments - EQT Exeter closed European logistics fund EQT Exeter Europe Logistics Value Fund IV at €2.1 billion ($2.5 billion), a spokeswoman confirmed. The firm did not disclose the fund's initial target, the spokeswoman said.
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PD Editorial: Santa Rosa weighs a gamble on pension bonds   
July 20, 2021
Source: Santa Rosa Press Democrat - Santa Rosa’s chief financial officer projects that cumulative payments to CalPERS for unfunded liabilities will add up to $110 million.
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Latest line: A good week for CalPERS, bad one for the unvaccinated   
July 19, 2021
Source: Mercury News - CalPERS, the state employees’ retirement system, reported a 21% increase in the assets it needs too cover long-term debt.
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Cuomo Introduces New Pension Tier, Bloomberg Digs It   
July 19, 2021
Source: Gotham Gazette - During the same period for New York City, pension costs increased from $1.1 billion to $8.4 billion. This level of growth raises property taxes and impacts government’s ability to provide services. · Excluding wages...
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Don’t backslide on pension reform   
July 19, 2021
Source: Los Angeles Daily News - Most of the public pension plans in this state are “defined benefit” plans, meaning that retirees are guaranteed a sum certain; as opposed to “defined contribution” plans, which operate more like 401 (k)...
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Jackson, Tennessee Mayor Proposes Bitcoin as Property Tax Payment   
July 18, 2021
Source: https//beincrypto.com - The Mayor of Jackson, TN has proposed the acceptance of BTC for property tax payments.  Conger also wants to allow employees the opportunity to dollar-cost-average in bitcoin. The statement comes after growing concerns...
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CalPERS announces health plan premiums for 2022   
July 18, 2021
Source: oc-breeze.com - The CalPERS Board of Administration approved health plan premiums for calendar year 2022, at an overall premium increase of 4.86%.
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Bill to keep CalPERS private debt documents secret fails   
July 17, 2021
Source: Pensions&Investments - A CalPERS-backed state assembly bill that would have kept certain information and documents related to its private debt investments secret failed to pass the state Senate Judiciary Committee, killing the bill. The bill would have...
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Stonepeak closes first renewable energy fund at $2.8 billion   
July 16, 2021
Source: Pensions&Investments - Stonepeak has closed its first renewable energy fund Stonepeak Global Renewables Fund at its $2.75 billion hard cap, a news release shows. The total capital raised by the fund is more than double its original $1.
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CalPERS starts new executive search for investment officer   
July 16, 2021
Source: The Business Journals - The California Public Employees’ Retirement System doesn’t anticipate hiring a new chief investment officer until March of 2022, more than a year and a half after the last CIO resigned. Sacramento-based CalPERS has...
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California locals may gain breathing room as CalPERS beats expectations   
July 16, 2021
Source: The Bond Buyer - The double-digit return will trigger a reduction in the California Public Employees’ Retirement System under a risk mitigation policy.
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New York Common aces climate proposals   
July 15, 2021
Source: Pensions&Investments - New York State Common Retirement Fund, Albany, pitched a perfect game this proxy season with its climate-related shareholder proposals, reaching agreements with all seven portfolio companies with which it filed. State Comptroller...
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N.Y. Comptroller: Companies Making Environmental Commitments Following Pension Fund Divestment Plan   
July 15, 2021
Source: WSHU news - New York made the commitment last year to use the state pension fund to divest from companies that worsen climate change. This year’s portfolio contains a
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CalPERS eyes 8-month timeline to complete CIO search   
July 15, 2021
Source: Pensions&Investments - CalPERS' new executive search firm, Dore Partnership, does not expect the fund to have a new CIO in place until March, according to a presentation to the board Wednesday. CEO Marcie Frost expects to start the search process at...
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CalPERS health insurance rates for 2022 to rise more than previous two years   
July 15, 2021
Source: The Business Journals - This follows a rate increase of 4.65% in 2020 and 4.32% in calendar 2021. The rates CalPERS negotiates are a barometer of rates for the general market, though CalPERS tends to have more clout in negotiations because its pool of...
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Long-term care settlement to cost CalPERS as much as $2.7B   
July 15, 2021
Source: InvestmentNews - CalPERS long-term care insurance policy holders saw an 85% bump in their premiums in 2015, despite assurances that rates would not increase.
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Banks Are Key to EU’s Climate Overhaul Plan: Summit Update   
July 15, 2021
Source: Bloomberg - The second and final day of the Bloomberg Sustainable Business Summit, which is underway, is focused on topics ranging from Europe’s green recovery to building a diverse workforce to discussions about the “S” in...
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Stonepeak Raises $2.75 Billion for Debut Renewable-Energy Fund   
July 15, 2021
Source: Wall Street Journal - Stonepeak Partners has raised $2.75 billion for its first fund solely dedicated to investments in renewable energy.
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