Pamphlet encouraging teachers to withdraw pension funds from Israel was improperly shared in NYC schools: ‘Betrayed trust’
An anti-Semitic flyer has recently caused a stir, urging teachers to participate in union elections and push for the sale of pension funds connected to Israel. This controversy intensified after two staff members from the Israeli embassy were killed in a suspected terrorist act in Washington, D.C. on Wednesday night. The flyer proclaimed, “This UFT […]
Pension Reform Conflict: Legislators Push Back Against FERS Contribution Increase
Rep. Mike Turner Challenges Proposed Pension Contribution Increases for Federal Workers Rep. Mike Turner (R-OH) has expressed his disagreement with the House Oversight Committee’s plan to raise pension contributions for federal employees as part of a budget deal. During a markup session held on April 30, where the proposed cuts to federal employees’ retirement benefits […]
Minnesota pension funds welcomed investments in private equity, a significant risk that has been rewarding.
State Investment Commission Overview The state’s Investment Commission includes Governor Tim Waltz, state auditor Julie Braha, Secretary of State Steve Simon, and Attorney General Keith Ellison. As noted by Schurtz, the board’s last investment with Wayzata Investment Partners took place in 2012, a time when memberships were structured differently. The firm informed its investors back […]
Pension funds expected to release up to £50 billion for investment, with half going to UK companies.
Pension Funds Commit to UK Investments Seventeen of the largest pension funds in the UK have entered into agreements with the government, committing to allocate at least half of their investments to UK assets, focusing on clean energy initiatives and domestic startups. This move could potentially release up to £50 billion into the economy. Prominent […]
Reeves’s Mansion House agreement on pension funds emphasizes good intentions.
So, there’s a bit of buzz around the UK Pension Fund, which has decided to channel more assets into the domestic market, especially focused on private investments from the defined contribution (DC) scheme. A number of big names, like Aviva and Legal & General, are onboard with this expanded Mansion House Accord, voluntarily stepping up […]
Officials argue that ‘Gold Bar Bob’ should not get a pension and be barred from holding office.
New Jersey Attorneys Seek to Bar Menendez from Future Employment Officials in New Jersey are pursuing legal action to prevent former Senator Robert Menendez from holding public office again. Democrat Attorney General Matt Platkin announced on Monday that Menendez was sentenced to 11 years in prison in January due to charges including bribery, corruption, and […]
The Guardian perspective on Labour’s pension changes: expanding on weak foundations | Pensions sector
In 1889, Ott von Bismarck rolled out the world’s first pension system. Fast forward to today, and the UK Pension Fund manages around £2 trillion, nearly matching the country’s yearly economic output. Rachel Reeves is optimistic about revitalizing these funds, aiming to channel investments into aging infrastructure. Her proposition is straightforward, though not without its […]
Ohio's public pension systems down $4 billion amid Trump tariff war – The Columbus Dispatch
Ohio’s five public pension systems have lost around $4 billion since January 1st, as President Trump’s trade war has destabilized the stock market. Trump’s tariffs no longer spare some electronic devices, including smartphones President Trump exempts smartphones, computers and other electronic imports from mutual tariffs. The five Ohio public pension funds have collectively lost about […]
Taxpayer impact from public pension investment losses – Newsday
ALBANY — The state's large pension fund, which serves around 1.7 million civil servants and retirees, is expected to survive the prospect of stock market disruption and additional declines, according to state and national authorities. However, taxpayers could be hit in 12 months, how much is based on the magnitude of the loss? Taxpayers by […]
Congressman Andy Barr to introduce bill to curb ‘woke’ ESG investing by state pension funds
Republican lawmakers aim to curb so-called “awakening investments” by forcing pension funds to focus purely on profits, even if conservative groups accuse pension managers of “politicizing” with American savings. Rep. Andy Barr (R-Ky.) is to introduce a new bill to force retirement funds to focus on maximizing returns, rather than environmental, social and governance goals […]