Pensions
Ohio Passes Bill Barring State Pension Funds, University Endowments From Prioritizing ESG in Investing, Stakeholder Activism
Ohio Senate Bill 6 now headed to Governor Mike DeWine’s desk to be signed into law.
Tag: Ohio Public Employees Retirement System (OPERS)
Asset Allocation
Why Gold Makes Sense for the Long Term, Analyst Says
The precious metal can be volatile, but it is worthwhile to hold over time, counsels State Street’s Milling-Stanley.
Pensions
Ohio State Representative Proposes Consolidation of State Pension Systems
In response to governance issues at STRS Ohio, a consolidation of the state’s five retirement systems was proposed at an Ohio Retirement Study Council meeting.
Pensions
State Court Rules Anti-ESG Investing Law Violates Oklahoma Constitution
Judge grants temporary injunction against the Energy Discrimination Elimination Act saying it could affect OPERS’ ‘financial soundness.’
Asset Allocation
Oklahoma Retiree Files Injunction to Stop Anti-ESG Bill
The complaint claims the 2022 law not only violates the US and Oklahoma constitutions, but that that the financial costs to the state are ‘monumental.’
Pensions
Ohio State Pension Approves New Asset Allocation
OPERS increases its exposure to alts and U.S. equities, while cutting back on fixed income and foreign equities.
Newsmakers
Oklahoma Taking Names as It Seeks to Weed Out ESG Investors
State Treasurer Todd Russ is making a list of companies that break the state’s anti-ESG law.
Newsmakers
Ohio Takes Lead in $25.5 Million Suit Against Warner Bros. Discovery
Class-action lawsuit alleges company intentionally failed to disclose financial problems at WarnerMedia prior to merger.
Newsmakers
Ohio Pension Sues Facebook Over Whistleblower Scandal
The lawsuit alleges misleading statements ‘erased more than $100 billion in shareholder value.'
Pensions
Ohio Pension Systems Report Robust Returns for Fiscal 2021
Asset allocation for the six plans has shifted toward alts and away from US equities over the past decade.
Asset Management Culture
Ohio Pension Plan Would Disclose Manager Fees, Livestream Meetings Under New Legislation
In transparency move, proposed bill would also create a new legislative panel to review pension system fees and employee salaries.
Risk
Ohio’s State Pension Slashes Healthcare Benefits amid Insolvency Concerns Threat
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Risk
Ohio Retirement System Eyes Reduced Benefits for New Workers
Proposed retrenchment would apply to workers hired in 2022 and beyond.
Risk
Ohio Public Pension Seeks Legislative Approval to Reduce COLAs
Cuts are expected to save pension an estimated $3.44 billion.
Newsmakers
Ohio PERS to End Emerging Manager Program
Fee savings not enough for CIO Paul Greff to continue effort to enlist newcomer firms.