Asset Allocation
Ontario Employees Pension Returns 11.9% in 2019
Public equity returns of more than 20% help boost OMERS’ total asset value to C$109 billion.
Tag: Retirement
Pensions
Seeking a ‘Path Toward Stability’ for Health Care, TRS Switches Administrators
The change will save the troubled medical benefits programs $754 million over the next five years.
Risk
Analysis Says NC Pension’s Fiscal Health in Jeopardy
Report warns that pension’s return assumptions are ‘overly optimistic.’
Corporate Moves
Skjervem Resigns From Oregon State Treasury
The chief investment officer is moving to an investment management consulting firm in Northern California.
Risk
Texas TRS Looks to Replace Some Public Equity Allocation with Private Credit
The fund’s new CIO Jase Auby describes the portfolio’s new path forward.
Asset Management Culture
Ex-NBA Player Says He Was Denied COLAs in Pension Case
Former Houston Rockets team member Zaid Abdul-Aziz is entitled to additional benefits for the rest of his life, suit says.
Newsmakers
New Mexico Pension Reform Breezes Through State Senate
Bill proposes $76 million infusion from state, as well as sweeping contribution and COLA changes.
Asset Allocation
New York Invests $800 Million into Green Bonds, Private Credit
The state pension plan is incorporating sustainable investing across asset classes.
Pensions
Kentucky Lawmakers to Make Honorable Transfer into Depleted State Retirement System
Legislators convene to align their interests with that of their constituents under the state’s ailing pension system.
Pensions
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
Pensions
New York Maintains ‘Conservative Approach’ With 5.3% Third Quarter Return
The Common Retirement Fund has incrementally increased its exposure to fixed income such as cash, bonds, and mortgages.
Pensions
CalSTRS Revamps ESG Guidelines
The new guidance is meant to help the pension system engage companies in its portfolio where it can have the most impact.
Pensions
Georgia Teachers Win Big in Bill Meant to Help Retirement System’s Insolvency Woes
Legislation mandating stiff rules on state educators is scaled back after consistent opposition.
Pensions
Kentucky Governor’s Budget Plan Would Cut State Pension Contributions
State retirement system pegs the shortfall at $83 million, but Beshear says it’s $25 million.
Manager Selection
CalPERS Board President Wants Transparency in Second Term
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.