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: OPERS
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 Pension Sues Facebook Over Whistleblower Scandal
The lawsuit alleges misleading statements ‘erased more than $100 billion in shareholder value.'
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.
Corporate Moves
Ohio Public Employees Retirement System Names Paul Greff CIO
Deputy CIO replaces Rick Shafer who is retiring.
Regulation
Oregon Passes Law to Boost Public Pensions
Two funds will be created to help reduce the state’s $25 billion in unfunded liabilities.