Ailing Japan Airlines has proposed a revised pension plan that would see an average cut in benefits of more than 40 percent, the ...
Accused of 'spectacularly misleading' ratings The fallout from last year's credit collapse continues as another state has sued the nation's credit agencies, accusing ...
IS IT CalPERS' TURN TO CLEAN HOUSE? The California Public Employees' Retirement System has long pushed companies to clean up their acts. Now the nation's largest pension fund is getting flak for its own governance practices. But while other pension funds are ...
SAN FRANCISCO (Reuters) - The president of Calpers urged fellow board members at the biggest U.S. public pension fund on Wednesday to back his plan to require placement agents to be subjected to laws for lobbyists in response to events alleging their ...
NC public employee pension funds report 10.4 percent return in 3Q thanks to stock rebound Rebounding stock markets helped boost returns for North Carolina's public employee pension funds during the third quarter. State Treasurer Janet Cowell said Monday the retirement systems recorded ...
New combined pension/401k retirement plan may come in January Over the last year it's become abundantly clear that the stock market can devastate even seemingly healthy retirement accounts. Even so, with the guaranteed income of traditional pensions disappearing, most investors have little ...
Colo. fiscal stability commission backs allowing more international students at state colleges A Colorado legislative committee studying long-term fiscal reform has approved a bill giving colleges and universities more flexibility, and a study of the state's complicated state and local tax structure ...
North Dakota's Rep. Pomeroy: Give pension funds more time to recover value from market crash U.S. Rep. Earl Pomeroy says the nation's pension funds need more time to recover their value from last year's market crash. The North Dakota Democratic congressman says ...
Court: NY comptroller must return lawyers' pensions; hearings required to revoke benefits New York Comptroller Thomas DiNapoli must return $500,000 in public pension benefits and credits to private lawyers who received them for doing part-time jobs, according to recent lower court decisions. ...
OAKLAND, Calif (Reuters) - Calpers, the nation's largest public pension fund, does not face "moral hazard" despite state guarantees of pension solvency, the funds chief investment officer said on CNBC on Wednesday, in comments responding to a Reuters report. "Does the ultimate ...
Interim New Mexico state investment officer named following Bland's resignation amid fed probe New Mexico Gov. Bill Richardson has selected Bob Jacksha to serve as interim state investment officer while the administration searches for a permanent appointee. Jacksha is the chief investment ...
Prominent San Francisco real estate investor ends role with California pension fund San Francisco businessman Victor MacFarlane is ending his longtime role as a real estate adviser to the California Public Employees' Retirement System, a spokeswoman for his firm said Saturday. The ...
