A new study found that all 59 funds that cover most teachers face
shortfalls, placing a burden on taxpayers to pay nearly three times as
much as the funds say they need to balance the books.
CalPERS and CalSTRS oppose the Stanford study, which said the state’s
three public employee pension systems are underfunded by as much as
$500 billion over the next 16 years.
A new study published by Pershing Limited, a BNY Mellon company, and Investance shows major changes in Europe’s fixed income sector are on the horizon.
In an effort to remain a role model for socially
responsible investment, the biggest Swedish pension barred Israeli arms
maker Elbit Systems from its investment portfolios.