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
6 Firms Seek Lead In Housekeeper Accounting Fraud Suit   
(Thursday - May 23, 2019) Associated Profiles : Utah Retirement Systems (URS)
Source: Law360 - On Tuesday, Berman Tabacco said its client, Utah Retirement Systems had the greatest financial loss at $3,479,156. Prospective co-leads Bernstein Litowitz and Saxena White said the Pension Funds had lost a combined $692,356 while...
[more] 
Kansas governor vetoes $51 million contribution to state employees pension fund   
(Thursday - May 23, 2019) Associated Profiles : Kansas Public Employees Retirement System (KPERS)
Source: Pensions&Investments - Kansas Gov. Laura Kelly vetoed a portion of the state's fiscal year 2020 budget containing an additional $51 million in contributions for the $18.8 billion Kansas Public Employees Retirement System, Topeka. The line-item veto,...
[more] 
Maryland’s Pension Fund Wages War   
(Thursday - May 23, 2019) Associated Profiles : The Retirement Systems of Alabama (RSA)
Source: Institutional Investor - [II Deep Dive: Catholic Wealth Management: Thou Shalt Invest for Impact] A spokesperson for the Retirement Systems of Alabama did not return an email seeking comment on the plans. As for the other states that have enacted...
[more] 
PGIM Halfway to $750 Million Target with Newest Senior Housing Fund   
(Thursday - May 23, 2019) Associated Profiles : Pennsylvania State Employees Retirement System
Source: Senior Housing News - The Pennsylvania State Employees Retirement System (SERS) approved a $100 million commitment to PGIM’s Senior Housing Partnership Fund VI last March. That was followed by a to-be-determined ...
[more] 
Retirement funds mismanaged for years   
(Thursday - May 23, 2019) Associated Profiles : Connecticut Retirement Plans and Trust Funds – State Treasurer’s Office
Source: Hartford Courant - The headline was “Pension plan places burden on the future” [Page 1 ... contribution from every paycheck would guarantee a pension upon retirement. The story added that Connecticut contributed little from 1971 to the ...
[more] 
State treasurer: The reckoning has come. It’s time to restructure the debt.   
(Thursday - May 23, 2019) Associated Profiles : Connecticut Retirement Plans and Trust Funds – State Treasurer’s Office
Source: Hartford Courant - If the funding for the Teachers’ Retirement Fund isn’t restructured ... meet this challenge head on and adopt Senate Bill 873. This plan is nothing less than a new, balanced road map for Connecticut’s future...
[more] 
State audits identify four cases of pension spiking   
(Thursday - May 23, 2019) Associated Profiles : Washington State Department of Retirement Systems
Source: KOMO-TV - Dave Nelsen, the legal and legislative services manager at the Washington state Department of Retirement Systems, said state audits confirmed cases in which pay increases were used to incentivize retirements in an old system for...
[more] 
Three years later, MBTA pension fund still has no permanent leader   
(Thursday - May 23, 2019) Associated Profiles : Pension Reserves Investment Management Board (Massachusetts), Massachusetts Pension Reserves Investment Management Board Profile
Source: The Boston Globe - Should it ultimately transfer some oversight to the state’s Pension Reserves Investment Management board, the responsibilities of the T retirement board’s executive director could change drastically. And that...
[more] 
Should Public Pensions Invest in Uber and Lyft'   
(Thursday - May 23, 2019) Associated Profiles : California Public Employees’ Retirement System (CalPERS)
Source: Comstock's Magazine - Yet despite a decade of economic growth, CalSTRS is just 64% funded and CalPERS is 71% funded. Below is an exchange with Chiang on his nuanced view of public employee pension funds, tech companies and the future impact of...
[more] 
NY State Pension Misses Target with 2019 Return of 5.3%   
(Thursday - May 23, 2019) Associated Profiles : New York State Common Retirement Fund
Source: Ai-cio.com - Private equity helps raise fund’s asset value to $210.2 billion. The New York State Common Retirement Fund earned an estimated 5.23% return on investments for the fiscal year that ended March 31 to reach an estimated value...
[more] 
Browse Jobs at Pension Reserves Investment Management Board (PRIM) in USA   
(Thursday - May 23, 2019) Associated Profiles : Pension Reserves Investment Management Board (Massachusetts), Massachusetts Pension Reserves Investment Management Board Profile
Source: Efinancialcareers.com - Apply now for jobs at Pension Reserves Investment Management Board (PRIM) in USA. 0 positions are currently open at eFinancialCareers. Sorry, it seems your search did not find any matches. Today there are over 21227 jobs...
[more] 
Proposed legislation designed to help Americans prepare for retirement   
(Thursday - May 23, 2019) Associated Profiles : Connecticut Retirement Plans and Trust Funds – State Treasurer’s Office
Source: Southern Political Report - joined Democrat Chris Murphy of Connecticut Tuesday and re-introduced bipartisan legislation that he says will help Americans ensure they do not outlive their retirement savings. The Lifetime Income Disclosure Act, would require...
[more] 
The pension debt blame game   
(Thursday - May 23, 2019) Associated Profiles : Connecticut Retirement Plans and Trust Funds – State Treasurer’s Office
Source: Hartford Courant - Let me get this straight: Between 1939 and 1971, Connecticut governors and legislators saved nothing into the state employees and teachers retirement pension plan ["Lamont’s pension shift would leave next generation of ...
[more] 
KBI director eager to deploy $1 million unit to crack down on cybercrime   
(Wednesday - May 22, 2019) Associated Profiles : Kansas Public Employees Retirement System (KPERS)
Source: The Topeka Capital-Journal - On Monday, Kelly vetoed an unscheduled $51 million appropriation to the Kansas Public Employees Retirement System. She allowed a $5 million increase in state aid to community mental health centers in the fiscal year starting July...
[more] 
KSL investigation finds sheriff’s staff missed out on decades of pension contributions   
(Wednesday - May 22, 2019) Associated Profiles : Utah Retirement Systems (URS)
Source: KSL - Deputies, sergeants and jail staff did not get credit for their full shifts because Utah County did not file the proper paperwork with Utah Retirement Systems. URS requires employers to file a form known as a declaration of...
[more] 
Gov. Laura Kelly signs $18 billion budget, vetoes unscheduled pension contribution   
(Wednesday - May 22, 2019) Associated Profiles : Kansas Public Employees Retirement System (KPERS)
Source: The Salina Journal - Kelly vetoed an unscheduled state contribution of $51 million to the Kansas Public Employees Retirement System. The first bill signed by Kelly during the 2019 session appropriated $115 million to cover a KPERS payment skipped...
[more] 
How Oregon State Pension Mismanagement Led To $26 Billion Underfunding   
(Wednesday - May 22, 2019) Associated Profiles : Oregon Public Employee Retirement System (PERS)
Source: Forbes - At first glance, the $75 billion Oregon Public Employees Retirement System (OPERS) appears to be yet another case of gross malpractice generally practiced. Diving more deeply into its investment program, ominous red flags related...
[more] 
Our View | PERS plan smacks of class warfare   
(Wednesday - May 22, 2019) Associated Profiles : Oregon Public Employee Retirement System (PERS)
Source: The Daily Astorian - That is false. Brown wants public employees to accept a slight reduction in their future pensions so as to help pay the unfunded actuarial liability of the Oregon Public Employees Retirement System. The governor calls her...
[more] 
Kansas governor signs budget but vetoes pension payment   
(Wednesday - May 22, 2019) Associated Profiles : Kansas Public Employees Retirement System (KPERS)
Source: Lawrence Journal-World - Legislators included the extra $51 million for the Kansas Public Employees Retirement System to help make up for shorting the state’s annual contributions in recent years, when the state ...
[more] 
BDC leverage reform grows divide between large and small players   
(Tuesday - May 21, 2019) Associated Profiles : South Carolina Retirement Systems
Source: Reuters - And contrary to the moves to dissolve JVs, Barings BDC announced the formation of a JV structure with South Carolina Retirement Systems Group that will target real estate debt in addition to corporate loan instruments. FS-KKR,...
[more] 
Alabama and JeffCo post big jumps in tourism in 2018   
(Tuesday - May 21, 2019) Associated Profiles : The Retirement Systems of Alabama (RSA)
Source: The Business Journals - for the success. He said Raycom Media, affiliated with the Retirement Systems of Alabama, aired commercials at no cost on 64 television stations.
[more] 
Mo’ money, mo’ problems   
(Tuesday - May 21, 2019) Associated Profiles : New Jersey Division of Pensions and Benefits
Source: NJBIZ - State Treasurer Elizabeth Maher Muoio, in May 14 testimony before Sarlo’s committee, said the extra revenue could go toward pensions and benefits, public education and New Jersey Transit.
[more] 
California’s public system a failure yet teachers demanding more money': Letters   
(Tuesday - May 21, 2019) Associated Profiles : California State Teachers’ Retirement System
Source: Orange County Register - Re “Teachers deserve a secure retirement” (Letters, May 12): Grant Boyken, CalSTRS executive for public affairs, should be ashamed of himself for lobbying for more money for California teachers, using the word...
[more] 
Rent the Runway Announces $125M Investment in Largest Round To Date   
(Tuesday - May 21, 2019) Associated Profiles : New York State Common Retirement Fund
Source: MarketWatch - In addition, funds and accounts advised by T. Rowe Price Associates, Inc. and Hamilton Lane Advisors, on behalf of New York State Common Retirement Fund, participated as new investors. All existing lead investors have re-invested...
[more] 
Brown to unveil plan to help schools cover PERS costs   
(Tuesday - May 21, 2019) Associated Profiles : Oregon Public Employee Retirement System (PERS)
Source: Mail Tribune & Daily Tidings - Right now, the Eastern Oregon district pays about 8 percent of its budget, or $1.2 million, to the Oregon Public Employees Retirement System. In the next school year, that cost will go up an estimated $46,000. That may not seem...
[more] 
Executive Pay 2018: Could your family get by on 'median pay''   
(Tuesday - May 21, 2019) Associated Profiles : Ohio Public Employees Retirement System (OPERS)
Source: WCPO-TV - Some institutional investors are pushing for even more disclosure on this topic. The Ohio Public Employees Retirement System is among 48 organizations with $3.3 trillion in assets under management that sent a letter this year to...
[more] 
Are Pension Plans Accepting ESG With Open Arms'   
(Tuesday - May 21, 2019) Associated Profiles : California Public Employees’ Retirement System (CalPERS)
Source: YAHOO! - Pension funds hopping aboard the ESG train include Japan’s Government Pension Investment Fund, the California Public Employees’ Retirement System (CalPERS) and leading Canadian pension funds l ...
[more] 
Maryland Comptroller Peter Franchot Urges Disinvestment From Alabama Companies After Passing Of Abortion Law   
(Tuesday - May 21, 2019) Associated Profiles : Maryland State Retirement and Pension System (MSRPS)
Source: CBS Local - Franchot, a Democrat, who serves as Vice Chairman of the Maryland State Retirement and Pension System, said he’s asking state officials to review any assets that the State has with Alabama.
[more] 
Opioid Prescriptions Drop Sharply Among State Workers   
(Monday - May 20, 2019) Associated Profiles : California Public Employees’ Retirement System (CalPERS)
Source: Kaiser Health News - CalPERS manages health benefits for employees and retirees of state and local agencies and public schools, and their families. Most notably, doctors reduced the daily dose and duration of opioid ...
[more] 
Colorado Pension Gap Growing Despite Reform: Moody's   
(Monday - May 20, 2019) Associated Profiles : Colorado Public Employees Retirement System (PERA)
Source: The Bond Buyer - The state General Assembly passed legislation in 2010 that allowed the state to make adjustments in a number of benefits through the Colorado Public Employees Retirement System, including cost of living adjustments. That law was...
[more] 
Twitter 'must be more transparent' about how it deals with trolls, say activist investors   
(Monday - May 20, 2019) Associated Profiles : New York State Common Retirement Fund
Source: The Daily Telegraph - Investment firm Arjuna Capital and the New York State Common Retirement Fund, which together handle almost 1.5 million Twitter shares, have put forward a proposal that could force the company's management to share an...
[more] 
Delaware Public Employees' Retirement System Appoints Northern Trust As Global Custodian   
(Monday - May 20, 2019) Associated Profiles : Delaware Public Employees Retirement System (DPERS)
Source: Global Custodian - Northern Trust says the Delaware Public Employees' Retirement System has appointed the bank as custodian for its retirement plans and commingled pension funds, which between them control assets worth US$6.5 billion. The...
[more] 
NBC 10 I-Team finds police, firefighters who remain 'injured on duty' for years, decades   
(Sunday - May 19, 2019) Associated Profiles : Employees Retirement System of Rhode Island (ERSRI)
Source: WJAR - It’s a shame that it wasn’t.” Similar to Clancy’s comments, Cranston’s fire union also criticized the Employees’ Retirement System of Rhode Island, or ERSRI, for denying Marciniak’s bid...
[more] 
Weatherly school board candidates hold meet and greet   
(Sunday - May 19, 2019) Associated Profiles : Pennsylvania State Employees Retirement System
Source: Hazleton Standard Speaker - VonFrisch had an explanation why funds were not available to make immediate repairs. “Because of PSERS (the Pennsylvania State Employees Retirement System, the pension system for teachers) a lot of money from past budgets...
[more] 
Questions abound over Okaloosa's finances for fiscal 2019-20   
(Sunday - May 19, 2019) Associated Profiles : Florida Retirement System Pension Plan
Source: Northwest Florida Daily News - The fiscal 2019-20 state school budget likewise addressed the final concern expressed by Chambers, that of the $650,000 increase in Florida Retirement System costs. The Legislature voted to approve $35 million to cover the...
[more] 
Murtha resigning as city attorney   
(Saturday - May 18, 2019) Associated Profiles : North Dakota Public Employees Retirement System (NDPERS)
Source: The Dickinson Press - Among her achievements, she helped the city switch to the North Dakota Public Employees Retirement System. "That's going to be a wonderful recruitment and retention tool for the city," she said. "The fact that I could be here for...
[more] 
Committee formed to explore Jasper employees' $1.477 million longevity bonus request   
(Saturday - May 18, 2019) Associated Profiles : Tennessee Consolidated Retirement System (TCRS)
Source: Chattanooga Times Free Press - The city has been finalizing procedures to switch its retirement plan with Nationwide Insurance to the Tennessee Consolidated Retirement System over the last year, and many employees are frustrated with the lump sums they are set...
[more] 
Franchot calls on Maryland's $52.7 billion pension fund to divest from Alabama   
(Saturday - May 18, 2019) Associated Profiles : Maryland State Retirement and Pension System (MSRPS)
Source: The Business Journals - Gratuitous attacks on the freedoms and the well-being of women will come at a prohibitive price." This story has been corrected to to recognize the Maryland State Retirement and Pension System does not invest in companies that do...
[more] 
Calls to boycott Alabama, Georgia, Missouri over restrictive abortion laws   
(Saturday - May 18, 2019) Associated Profiles : Maryland State Retirement and Pension System (MSRPS)
Source: KOMO-TV - Maryland’s Democratic Comptroller and vice chairman of the Maryland State Retirement and Pension System announced he was taking steps to divest all state assets from Alabama. Peter Franchot ...
[more] 
Arizona pension bonuses are troubling. But risky investments are the real crime   
(Saturday - May 18, 2019) Associated Profiles : Arizona State Retirement System (ASRS)
Source: The Arizona Republic - Still, given the PSPRS bonus situation, it might be tempting to think the system should be folded into the relatively better performing Arizona State Retirement System (ASRS), which serves most teachers and government employees...
[more] 
OPERS Board Votes To End Emerging Managers Program   
(Saturday - May 18, 2019) Associated Profiles : Ohio Public Employees Retirement System (OPERS)
Source: Institutional Investor - The board at the Ohio Public Employees Retirement System has voted in favor of ending its $520 million emerging manager program, a spokesperson for OPERS confirmed via email Friday. The emerging manager program’s...
[more] 
Ohio Public Employees terminates $520 million emerging managers program   
(Saturday - May 18, 2019) Associated Profiles : Ohio Public Employees Retirement System (OPERS)
Source: Pensions&Investments - Ohio Public Employees' Retirement System, Columbus, terminated its $520 million emerging managers program at its board meeting Wednesday, spokesman Michael Pramik confirmed in an email. The $99.6 billion retirement system, which...
[more] 
CalSTRS invests in multifamily development firm   
(Saturday - May 18, 2019) Associated Profiles : California State Teachers’ Retirement System
Source: The Business Journals - The California State Teachers’ Retirement System is getting deeper into real estate, acquiring a majority interest in a San Diego-based multifamily investment and development firm. Financial terms were not disclosed for...
[more] 
Union members, Twisted Sister chase Sweeney off stage   
(Saturday - May 18, 2019) Associated Profiles : New Jersey Division of Pensions and Benefits
Source: Politico - Dozens of angry — very angry — public workers berated New Jersey’s most powerful state lawmaker Thursday night hours after he unveiled a controversial package of bills to that would scale back government...
[more] 
New York state pension fund fails to meet 7% return target   
(Saturday - May 18, 2019) Associated Profiles : New York State Common Retirement Fund
Source: Crain's New York - The New York State Common Retirement Fund missed its 7% target. It closed the fiscal year ended March 31 with an estimated value of $210.2 billion—a return of just 5.23%. Private equity led the gains with a 9.9% return....
[more] 
Angry union members boo and berate top N.J. Democrat after he reveals plans to cut worker pensions, health benefits   
(Friday - May 17, 2019) Associated Profiles : New Jersey Division of Pensions and Benefits
Source: NJ.com - Dozens of angry — very angry — public workers berated New Jersey’s most powerful state lawmaker Thursday night hours after he unveiled a controversial package of bills to that would scale back government...
[more] 
In light of abortion law, Franchot questions whether Maryland has investments in Alabama   
(Friday - May 17, 2019) Associated Profiles : Maryland State Retirement and Pension System (MSRPS)
Source: The Baltimore Sun - Franchot serves as vice chairman of the Maryland State Retirement and Pension System. He said he’ll ask the pension system’s managers to review any assets that the state has in Alabama and whether it works with any...
[more] 
CalSTRS Stresses the ‘Importance of Acting Quickly’ to Maintain Funding Progress   
(Friday - May 17, 2019) Associated Profiles : California State Teachers’ Retirement System
Source: Ai-cio.com - In its first five-year report since adopting a funding plan that’s expected to divert its portfolio from the threat of insolvency, the California State Teachers’ Retirement System (CalSTRS) outlined pre-emptive...
[more] 
Kentfield officials push back on salary claims   
(Friday - May 17, 2019) Associated Profiles : California State Teachers’ Retirement System
Source: Marin Independent Journal - That contract took out “add-ons such as health, car and phone benefits,” in response to findings detailed in a routine audit by CalSTRS, the California State Teachers Retirement System, in 2016. “In the case of...
[more] 
Comptroller: New York state pension fund tops $210B   
(Friday - May 17, 2019) Associated Profiles : New York State Common Retirement Fund
Source: Crain's New York - The state comptroller says the New York State Common Retirement Fund has topped $210 billion after an estimated 5.2% return on investments. Democrat Thomas DiNapoli says Thursday that the fund closed the state fiscal year that...
[more] 
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