Pensions
Pressure Mounts on Public Pension Funds to Divest Chinese Investments
State and federal legislation aims to prohibit public funds from investing in the country.
State and federal legislation aims to prohibit public funds from investing in the country.
Managers, auditors split on 2019 rate of returns, which are less than the previous two years.
State pension fund assets surpass benchmark to reach $160.4 billion market value.
Proposed legislation calls for an additional $178.5 million a year.
Bill proposes defined contribution plans become the new default.