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

Retirement benefits change approved for Andalusia employees   
April 13, 2021
Source: Andalusia Star News - Employees with the City of Andalusia will be moving to a new tier of benefits through the Retirement Systems of Alabama. The city council on Tuesday approved moving employees currently at Tier II benefits to Tier I through RSA.
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New York pension fund divests $7 million from Canadian oil sands firms   
April 13, 2021
Source: Reuters - CALGARY, Alberta (Reuters) -New York’s state pension fund is restricting investment in six Canadian oil sands companies because they have not shown they are prepared for a transition to a low-carbon future, the fund’s...
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Canadian oil sands firms ousted by NY state fund for not planning end of production   
April 13, 2021
Source: YAHOO!News - New York’s is the first U.S. pension fund to commit to curbing climate change by overhauling its investments to net-zero greenhouse gas emissions by 2040
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Union representing Tampa Frontier workers could authorize strike by April 16   
April 13, 2021
Source: Creative Loafing Tampa - The IBEW Local 824, which represents about 1,300 Frontier workers locally, is currently negotiating a new contract with Frontier Communications, a Connecticut ... union plans to continue advocating for a contract that retains...
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Fitch Rates Virginia Public School Auth's $60.3MM Notes 'AA+'; Outlook Stable   
April 13, 2021
Source: Fitch Ratings - including $513 million to offset enrollment-driven declines in K-12 funding (which the governor attributes mainly to the pandemic); a $100 million supplemental contribution to the Virginia Retirement System to pay down pension...
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Medical Examiner Investigating Death Of Neil Clark   
April 13, 2021
Source: WVXU - Then, on his own, Clark represented several major clients, including the payday lending industry, the former online school ECOT, and the Ohio Public Employees Retirement System. Clark was among ...
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Lender eyes sale of Brookfield’s Northbrook Court mall   
April 13, 2021
Source: The Real Deal - Brookfield is in default on Northbrook Court mall, and now the lender is shopping brokers for a potential sale.
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Unionized Tampa Frontier workers could vote to authorize a strike by April 16   
April 13, 2021
Source: Creative Loafing Tampa - The local IBEW is negotiating over the elimination of retiree healthcare and the diminishment of workers’ 401k.
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Maine urged to cut fossil fuel investments   
April 13, 2021
Source: The Center Square - The managers of Maine's public sector retirement plans are being urged to cut their investment ties to the fossil fuel industry to promote clean energy.
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New York State pension fund restricts investments in Canadian oil sands companies   
April 13, 2021
Source: MSN - The New York State Common Retirement Fund is the third-largest pension fund in the United States with an estimated valuation of about $248 billion. In December, it was the first U.S. pension fund to commit to helping curb climate...
[more] 
Pair of eldercare service companies team up to make living-at-home more comfortable, safe   
April 12, 2021
Source: Westfaironline.com - The so-called “silver tsunami” of an aging Connecticut population is no longer ... that of the over 8,000 state employees eligible for retirement in 2022, 72% of them are “seriously ...
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CalPERS’ broken promises mislead and shortchange California state worker retirees   
April 12, 2021
Source: The Fresno Bee - What CalPERS did to former school psychologist Marla Moura should never happen again to any state retiree. Moura worked first as a mental health worker for El Dorado County, according to a story ...
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Vaccines keeping risk on table – for now   
April 12, 2021
Source: Pensions&Investments - Trotsky, executive director and CIO of the $80 billion Massachusetts Pension Reserves Investment Management Board, Boston. "We make gradual changes. If you're making big changes in any given year ...
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BlackRock low-carbon strategies attract $1 billion from CalSTRS   
April 12, 2021
Source: Opalesque - California State Teachers' Retirement System, West Sacramento, invested $1 billion in two new low-carbon transition readiness exchange-traded funds managed by BlackRock. A press release from the American multinational investment...
[more] 
Investors lament being frozen out of Biden infrastructure plan   
April 12, 2021
Source: The Financial Times - “I would love to put money into infrastructure projects,” said Christopher Ailman, chief investment officer of Calstrs, the retirement system that pays the pensions of California teachers. There are huge pools of...
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Four-time UConn champion, former Connecticut Sun forward Morgan Tuck announces WNBA retirement   
April 12, 2021
Source: Hartford Courant - After dealing with nagging knee injuries for the bulk of her professional career, UConn great and Seattle Storm forward Morgan Tuck, 26, announced her retirement from the WNBA on Monday afternoon.
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Shareholders target 'white man’s world’ with record demands for diversity data   
April 11, 2021
Source: MSN - “We’re no longer debating the issue of whether or not diversity adds value to a company,” said Aeisha Mastagni, a portfolio manager at CalSTRS, which manages a $289 billion retirement fund for California state...
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BlackRock Launches Two Carbon Transition ETFs, ‘LCTU’ & ‘LCTD’   
April 11, 2021
Source: Nasdaq - BlackRock launched two active sustainable ETFs for the transition to a low-carbon economy. The BlackRock U.S. Carbon Transition Readiness ETF (LCTU) and the BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) invest in...
[more] 
BlackRock's new green ETF   
April 11, 2021
Source: Yahoo News - There's a big new player in the green ETF game: LCTU, the BlackRock U.S. Carbon Transition Readiness ETF, launched today and already has more than $1 billion in assets thanks to seed investments from CalSTRS, Temasek, and other...
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BlackRock secures largest-ever ETF launch as green investing wave builds   
April 11, 2021
Source: The Financial Times - “These ETFs represent a way to find managements that will change their company’s thinking on climate change,” said Christopher Ailman, chief investment officer of the California State Teachers’ Retirement...
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USS Providence steams toward retirement   
April 11, 2021
Source: Providence Journal on MSN.com - The fast-attack nuclear submarine, slated to be scrapped next year, returned to its home port, Groton, Connecticut. on April 1.
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Current workforce trends amid the pandemic   
April 10, 2021
Source: WTNH - One in three Americans say their careers have been taken off course as a result of COVID-19’s turbulent impact on the U.S. job market, according to the Career Optimism Index Study.
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Leon Black Admits Paying Woman to Keep Affair Quiet, Denies It Led to Sudden Apollo Exit   
April 10, 2021
Source: Institutional Investor - Leon Black, the former chief executive and chairman of Apollo Global Management, admitted that he paid a woman to keep an affair quiet, but denied that the woman’s allegations of abuse affected his early departure from the...
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Florida Senate Backs Retirement System Revamp Which Phases Out State Pensions To New Teachers And Others   
April 10, 2021
Source: CBS Local - Amid fierce opposition from Democrats, the Florida Senate on Thursday approved a proposal that would block future teachers and other government workers from enrolling in the state’s traditional pension plan.
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Florida Senate bill seeks to close state pension plan to most new hires   
April 10, 2021
Source: Pensions&Investments - Florida's Senate approved a bill that would close the $183.1 billion Florida Retirement System Pension Plan to most new hires. The bill, approved Thursday 24-16, would close the defined benefit plan to most new hires starting...
[more] 
STATE CAPITOL NEWS IN BRIEF: Public-records bill heads to governor | Alcohol-deliveries measure advances | School-patriotism measures get nod   
April 10, 2021
Source: Arkansas Democrat-Gazette - Michael R. Wickline Retirement-system panel bill OK’d 33-0 The Arkansas Senate on Thursday approved a bill that would expand the Arkansas Public Employees Retirement System’s board of trustees from nine to 13 members...
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Is Northbrook Court headed for the discount rack'   
April 10, 2021
Source: Crain's Chicago Business - Northbrook Court was on the cusp of a comeback in December 2019, when crews began demolishing a shuttered Macy's department store there, a key early step in a $250 million makeover of the mall subsidized by the village of...
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Beyond pension debts, Tennessee owes $10.2B in public-employee retirement benefits   
April 10, 2021
Source: Main Street Nashville - Net liabilities in Tennessee for other post-employment benefits, which consist mainly of health care obligations to retired public employees, stood at about $10.2 billion in 2019, according to
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Maine Public Employees earmarks up to $257 million to 4 funds   
April 10, 2021
Source: Pensions&Investments - The board of trustees of the Maine Public Employees Retirement System, Augusta, voted to approve four commitments totaling up to $257 million, James Bennett, chief investment officer of the $16.6 ...
[more] 
CalSTRS puts $1 billion into 2 BlackRock low-carbon strategies   
April 10, 2021
Source: Pensions&Investments - CalSTRS invested $1 billion in two new low-carbon transition readiness exchange-traded funds managed by BlackRock that began trading Thursday, Thomas Lawrence, spokesman for the $286.9 billion pension plan, said in an email....
[more] 
Senate backs Florida retirement system revamp   
April 10, 2021
Source: The Business Journals - Amid fierce opposition from Democrats, the Florida Senate on Thursday approved a proposal that would block future teachers and other government workers from enrolling in the state’s traditional pension plan.
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Small price rises ahead at SD public campuses   
April 09, 2021
Source: KELOLAND News - PIERRE, S.D. (KELO) -- The state's chief investment officer, Matt Clark, had good news to report Thursday about the South Dakota Retirement System. He said the $12.353 billion portfolio gained about 16.5% of market value since...
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Beck: State needs to own unfunded pension liability -- and fix it   
April 09, 2021
Source: Brattleboro Reformer - For many decades there has been significant distrust of government. The 1960s and 70s, and the Vietnam War and Watergate turned the tide of public sentiment from which it has
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Florida Senate approves changes to public retirement system | Raleigh News & Observer   
April 09, 2021
Source: Raleigh News & Observer - A proposal pushed by the leader of the Florida Senate to close the state’s pension plan is now awaiting consideration from the House.
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National Institute on Retirement Security Hosts 12th Annual Retirement Policy Conference on April 12 -14th   
April 09, 2021
Source: Idaho State Journal - Oregon Public Employees Retirement SystemJohn Scott, The Pew Charitable TrustsChantel Sheaks, U.S. Chamber of CommerceBen Veghte, Washington State Department of Social and Health ServicesElizabeth Wiley, Cheiron The National...
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Red Jahncke: A study’s error distorts debate on state pensions   
April 09, 2021
Source: Journal Inquirer - In 2015, the Malloy administration commissioned a study of Connecticut’s State Employees Retirement System by the Center for Retirement Research, a prominent pension research institute. While the cent
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22 Attorneys General File Amicus Brief Arguing Texas District ERISA Judgment Threatens State Powers   
April 09, 2021
Source: Law Street Media - District of Columbia Attorney General Karl A. Racine is at the helm of a brief submitted by 22 attorneys general as amici curiae in support of the United
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CT businesses ask state to pay about $1 billion owed in unemployment taxes   
April 09, 2021
Source: MSN - Chris DiPentima speaks at the 2019 annual meeting of the Connecticut Business & Industry Association, with CBIA naming DiPentima CEO with the August 2020 retirement of Joe Brennan ... The American Rescue Plan Act of 2021,...
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S&P Gains, Treasury Yields Reverse Losses in Wake of Fed Minutes   
April 09, 2021
Source: U.S. News & World Report - Investing for Retirement: How to Design A Plan that Anticipates the Unexpected The Most Important Ages for Retirement Planning: Age 50 The Most Important Ages for Retirement Planning: Age 59 ½ ...
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Daytona Beach new city manager set to start June 1. Here's a look at his contract.   
April 09, 2021
Source: The Daytona Beach News-Journal - and enrollment in the Florida Retirement System pension program for senior managers. The city will provide Feacher life insurance, and he and his dependents will receive health insurance with the city paying 100% of the premium...
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Senate votes to phase out state pension program   
April 09, 2021
Source: Florida Politics - Democrats say funding concerns are unfounded. The Senate has passed legislation to wean state employees off the Florida Retirement System. That’s a “generational change” to ensure the ...
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Town of Haymarket police chief forced to resign   
April 09, 2021
Source: Prince William Times - Haymarket Police Chief Kevin Lands has resigned after officials said he cost the town thousands in overtime costs and threatened town grant funding from the Department of Motor Vehicles.
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Florida Senate approves changes to public retirement system   
April 09, 2021
Source: SFGate - Senate President Wilton Simpson has made the legislation a priority, calling the state’s pension fund “the single largest threat to Florida’s balance sheet.” He said the measure was meant to keep the...
[more] 
Why it’s important to create a house fire escape plan, test your smoke alarms monthly   
April 09, 2021
Source: WTNH - Since the start of 2021, the Red Cross has seen a 40 percent increase in local home fire responses compared to this time last year. Red Cross Spokesperson John Godin explains how important for your family to create an escape plan...
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Greenberg Traurig's Marvin Rosen and Nikki Lewis Simon Speak at Robert F. Kennedy Human Rights Compass Virtual Summit   
April 09, 2021
Source: Benzinga.com - The panel included Lindsay Creedon, partner and head of Diversity and Inclusion at StepStone Group; A.J. Hernandez, director of Emerging Managers at New York State Common Retirement Fund; and Ray Whiteman, co-founder and managing...
[more] 
SEC backs Amazon proposal from New York State Common   
April 09, 2021
Source: Pensions&Investments - The SEC has backed New York State Common Retirement Fund's bid to have Amazon.com conduct an independent racial-equity audit. Officials at the Securities and Exchange Commission denied the online retailer's request to keep the...
[more] 
CalSTRS Ailman: Concerned For When Fed Money Flood Ends (Radio)   
April 08, 2021
Source: Bloomberg - Chris Ailman, Chief Investment Officer at CalSTRS, on his current investment outlook and how he views Biden’s infrastructure plan. Hosted by Paul Sweeney and Matt Miller.
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Florida Senate set to vote on bill called 'ideological crusade' against state pensions   
April 08, 2021
Source: Tallahassee Democrat - The Florida Senate will vote on a bill (SB 84) that prohibits most new hires from joining the Florida Retirement System's traditional pension plan.
[more] 
Haymarket police chief parts ways with town over overtime costs, jeopardized grants   
April 08, 2021
Source: WTOP News - Haymarket Police Chief Kevin Lands has agreed to part with the Virginia town after officials say he cost thousands in overtime and jeopardized grant opportunities.
[more] 
11th Circ. Tosses Ex-Pension Fund Worker's Sex Bias Suit   
April 08, 2021
Source: Law360 - The Eleventh Circuit refused Wednesday to revive a gender discrimination suit brought against Alabama’s state pension agency by a manager who had a “severely unpleasant” relationship with a subordinate,
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