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...’ retirement plan, to vote against the re-election of Woods and Hooley....
...One example is the $137bn New York State Teachers’ Retirement System, which sold 34 private equity holdings with $3.5bn in total commitments on the secondary market at the end of last year....
...SACRAMENTO, Calif. — The California Public Employees’ Retirement System has selected Stephen Gilmore, a senior investment leader with extensive experience in public and private financial institutions and...
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...Calpers’ allocation for [public] equity will go to 37 per cent of the fund and fixed income will be reduced to 28 per cent....
...The portfolio shake-up, which was confirmed after a scheduled asset allocation review, will bring the California-based plan into line with other big retirement systems in the US, including Calstrs, which...
...As part of that effort, it now seeks to measure the carbon emissions from its assets, which include private and public companies and real estate and infrastructure....
...The California Public Employees’ Retirement System has named a new chief investment officer to replace the former CIO, who in 2023 left the job after less than two years....
...Between 2020 and mid-2022, DWP and MaPS “made progress” in delivering important elements of the pensions dashboards system, said the report....
...The plan is designed to alleviate pressure on a pension system that is expected to come under huge strain in the next few years as a whole generation of “baby-boomers” born in the 50s and 60s enters retirement...
...The Mississippi Public Service Commission, the state regulator, declined to comment. The story of Southern Spirit is emblematic of a wider challenge facing the US energy transition....
...At the time, this was greater than the official estimate of the entire private sector pension system’s asset base. It was greater even than the stock of outstanding public debt....
...State Street Global Advisors developed a new product for the $32bn University of California retirement system aimed at this issue....
...Britain’s £1.4tn DB retirement system serves about 10mn retired and current private-sector employees....
...The growing reliance on illiquid assets has also introduced new challenges in terms of cash flow for defined benefit style funds, such as Calstrs and others public retirement systems, which must pay regular...
...“Widespread defaults have not yet occurred,” said the $105bn Ohio Public Employees Retirement System in a board meeting agenda last month, “however, indications point towards trouble ahead”....
...At the time, the UAW faced fierce opposition from elected officials, local business leaders and a group of anti-UAW employees funded by anti-union interest groups, said Harry Katz, a professor of collective...
...Donald Mackenzie, one of CVC Capital Partners’ co-founders and most successful dealmakers, is stepping back from Europe’s largest buyout firm ahead of its long-awaited public listing....
...Meanwhile, offsetting changes to the benefit system have cushioned the impact of stagnating incomes and the surging cost of living for lower-income households....
...Poorly performing pension plans will be banned from taking on new business as part of a major shake-up of Britain’s £120bn workplace retirement market, under government plans unveiled ahead of next week’...
...New York-based buyout group KKR says that billions of dollars in equity have been shared between more than 60,000 employees at its portfolio companies since 2011....
...Ennis said Jason Malinowski, CIO of Seattle City Employees’ Retirement System, was a strong candidate to succeed Ailman....
...The chancellor said he would modernise the rules by replacing the “non-dom” system, replacing the concept of domicile in tax with a residence-based system....
...PensionBee, a pension consolidator, was one of the few pension providers to express public support for a system shake-up....
...On the plus side for employees, each participant gets a personal account and can opt for a lump sum at retirement instead of a regular payment....
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