Tag: Chicago

Newsmakers June 3, 2022

Fernando Vinzons Named New CIO at Chicago Teachers’ Pension Fund

Vinzons’ appointment comes at a time when Chicago Teachers’ is fighting to improve its poor funded ratio.

Risk January 7, 2022

Puerto Rico ERS’ collapse could have been avoided, an industry expert says.

Pensions April 13, 2021

Critics say it will more than double the city’s annual pension costs to $30 million.

Pensions January 15, 2021

The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.

Newsmakers April 21, 2020

GOP critics call the plea from Democratic state lawmakers, folded into a coronavirus relief package, ‘infuriating.’

Asset Management Culture December 20, 2019

Gov. J.B. Pritzker signs legislation to merge hundreds of pensions to improve operational efficiencies and funding ratios

Risk October 23, 2019

Task force cites lower overhead costs and access to larger pools of capital as benefits to the potential mergers.

Regulation July 12, 2019

J.B. Pritzker claims a statewide pension consolidation would hurt the state’s credit rating.

Newsmakers June 28, 2019

Key to this, pension official Angela Miller-May tells a US House panel, is requiring a set level of minority and female outside advisers.

Regulation May 20, 2019

City funds have been diverted to local pensions over alleged unpaid contributions.

Newsmakers October 31, 2018

Gery Chico thinks the two revenue streams could chip away up to $1 billion per year.

Newsmakers October 19, 2018

Emanuel touts deficit shrinkage, but a still-whopping $28 billion hole awaits his successor next year.

Newsmakers August 28, 2018

State’s bond history and already badly funded pension shows little room for maneuver.

Newsmakers February 7, 2018

Boost hopes to help Second City’s pension predicaments.

Newsmakers September 5, 2017

SB 1947 to provide relief for cash-strapped school districts as well as employee retirements.