Corporate Moves
Rhode Island CIO Departs for Washington Hospital System
Alec Stais informed the state pension plan last month of the move.
Tag: Treasury
Coronavirus - COVID-19
New Jersey to Postpone Pension Payments
A September payment has been deferred to October, or the start of the next fiscal year, as the state makes deep cuts and deferrals to stanch revenue losses.
Pensions
Treasury OKs Benefits Cuts for Ohio, NY Union Pensions
Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
Opinion
OP-ED: Disaggregate Your ‘Aggregate’ Composite
Longtime CIO Tony Waskiewicz discusses the benefits of investment grade bonds and Treasuries in this complex market.
Coronavirus - COVID-19
New Jersey Freezes Nearly $1 Billion in Spending Over COVID-19
Economic impact of virus could lower state pension valuation.
Regulation
Washington State Treasurer Says Keep Hands Off Windfall
Predicting a $1.1 billion surplus, finance chief asks lawmakers to let him channel the money to a rainy day fund.
Asset Allocation
Illinois State Treasurer Pushes for Venture Capital Boost
A new proposal in the state Senate aims to expand grant authorization powers for VC funding.
Pensions
NYC Teamsters Pension Reapplies for Benefits Cuts
Local 807 Labor-Management Pension Fund participants could see average benefit reduction of 21%.
Regulation
US Treasury Offers Schedule for 20-Year Bond Revival
Auctions will take place each year in February, May, August, and November.
News
Oregon Pension Stung by Investments in Socially Irresponsible Companies Via Index
Associated Press reports Oregon State Treasury invested in index that contains smartphone spyware company.
News
Sheet metal workers’ union becomes 15th fund to be cleared to cut benefits.
Treasury Approves Benefits Reduction for Michigan Pension
Sheet metal workers’ union becomes 15th fund to be cleared to cut benefits.
Newsmakers
TCRS Sees 11.4% Returns in Fiscal 2017
Pensions, state budgets “are as vulnerable as they have ever been,” PEW Retirement Officer says.
Treasury Aims to Promote Capital Markets by Reducing Restrictions
While the proposals intend to make it less onerous for public companies, market participants have concern about the impact of reduced disclosures for investors.
Newsmakers
Pennsylvania Delays Pension Payments
State treasury holds up $581 million in obligations to PSERS.
Regulation
Treasury Rejects Benefits Cuts for Automotive Industries Pension Plan
Fund faulted for using assumptions that contradicted its own information.