San Diego pension board approves $563 million yearly payment, the city’s largest ever
San Diego Pension Commission Votes for Record Payment On Friday, the Pension Commission in San Diego reached a unanimous decision to instruct the city to make its largest annual pension payment ever—an impressive $563.2 million—this coming July. This record amount is higher than anticipated, largely due to recent pay raises for employees. While the Commission […]
Cobb County alleged to have used taxpayer money to oppose the DA’s pension
COBB COUNTY, Ga. A prolonged legal dispute regarding pension payments for the Cobb County district attorney has unfolded in court, with lawyers debating whether the county is required to provide severance and additional compensation. Two primary issues are at stake: whether District Attorney Sonya Allen qualifies for a pension and if the county must pay […]
Five strategies to ensure your pension lasts until you turn 100
King George V initiated the custom of sending congratulatory letters to centenarians in 1917, but he only reached out to 24 individuals. He was reportedly concerned that if more people began living to 100, he’d struggle to keep up with the signatures. Fast forward to today, and what began as a simple gesture has transformed […]
A judge dismissed its leaders in a corruption case. What happens next for the teachers’ pension fund.
Debate Over Corruption in Ohio Teacher Retirement Board In Columbus, Ohio, there’s a significant discussion happening among educators, politicians, and pension fund officials following a judge’s recent decision to oust the current board president due to allegations of corruption. Franklin County Civil Court Judge Karen Held Phipps ruled that Rudy Fichtenbaum, Chair of the State […]
Cincinnati pension fund faces challenges once more; $100M plan seeks to resolve the problem.
Cincinnati’s Pension System Faces New Crisis CINCINNATI – After over ten years since a federal agreement aimed at stabilizing Cincinnati’s pension system, the city’s retirement fund is encountering significant financial challenges once again. Officials are advocating for a $100 million infusion, emphasizing the need to prevent serious consequences for both employees and taxpayers. Former Mayor […]
New York City pension funds file a lawsuit against AT&T for ignoring a diversity proposal
AT&T has come under fire from four public pension funds in New York City, accused of unfairly blocking a shareholder vote aimed at requiring the company to clarify its employee demographics, specifically regarding race, ethnicity, and gender among its 133,000 personnel. The complaint, filed in federal court in Manhattan, suggests that AT&T pointed to a […]
St. Cloud Diocese Pension Plan Encounters $35 Million Deficit Impacting Close to 1,400 People
Concerns Rise Over Cuts to Pension Plans in St. Cloud Diocese ST. Cloud — Retirees and current employees in the Diocese of St. Cloud are expressing concern regarding significant reductions to their pension plans. Jeffrey Custer, a retired teacher who is part of a group seeking further information, mentioned that a letter was distributed to […]
Despite the push for ‘Buy Canadian,’ Canada’s major pension funds remain significantly invested in the U.S.
Despite concerns surrounding the U.S. trade conflict and President Trump’s assertions about Canadian sovereignty, Canada’s largest pension fund continues to make significant investments in the United States. This week, the Canada Pension Plan (CPP) announced that its assets have reached an all-time high of $780.7 billion, with 47% of these assets allocated to the U.S., […]
MTS decides to delay its pension issues, costing $51 million
Local Transit Authorities Address Fiscal Concerns On Thursday, local transit authorities managed to sidestep what they termed a “fiscal cliff” by implementing a significant reduction in employee pension contributions totaling $37.3 million over the next seven years—an overall cut of more than 26%. This action is expected to free up over $5 million annually, aiding […]
Leading Canadian pension fund suspends agreements with UAE company due to Epstein connections
Canada’s second-largest pension fund has decided to halt future investments in the UAE logistics firm DP World due to the company’s CEO, Sultan Ahmed bin Sulayem, and his connection to the late financier Jeffrey Epstein, who has a notorious history. A report by La Ques newspaper revealed this relationship, prompting the fund to state it […]