Chaos continues with Ohio teachers’ pension fund as second advisor quits – News 5 Cleveland WEWS
COLUMBUS, Ohio — A second major consulting group has stopped working with Ohio’s controversial retired teachers pension fund, dealing another blow to a system already in turmoil. Unrest is growing at the State Teachers Retirement System (STRS). STRS has been mired in controversy: to summarise, there have been constant infighting, two board resignations, and allegations […]
Boston retirees making bank: Nearly 200 receive $10K or more in monthly pension – Boston Herald
Boston Police Department alumni make up two of the city’s top three pension recipients. Sergeant Winifred Cotter, left, in 2014, and Police Commissioner William Gross, right, in 2021. (File photo composite/Boston Herald) Winifred Cotter, a Boston police sergeant who served as a chauffeur for her cousin, former Mayor Marty Walsh, has the highest pension among […]
Chicago pension debt climbs to $37.2 billion – Chicago Tribune
Chicago’s pension debt topped $37 billion last year, but city leaders on a special task force convened by Mayor Brandon Johnson more than a year ago to address the problem have focused on one area: how to ensure that benefits to certain pensioners are at least as good as Social Security. City debt rises to […]
Row over absence of Pawan pic on pension ad! – Greatandhra
As promised, Telugu Desam Party leader and Andhra Pradesh Chief Minister N. Chandrababu Naidu inaugurated the distribution of NTR Bharosa Pension Scheme by personally distributing pensions to the beneficiaries at Penumaka village in Mangalagiri Assembly constituency on Monday morning. As expected, the Naidu government took out full-page advertisements in all major newspapers in the state […]
Why a $1M pension error won't be addressed by legislators this year – The News Journal
This story was produced by Spotlight Delaware as part of a partnership with Delaware Online/The News Journal. For more information on Spotlight Delaware, please visit Click here for details. Delaware lawmakers will not hold a hearing this legislative session to scrutinize an unexpected multimillion-dollar decision made by the Carney administration last winter to revamp the […]
Councils pension fund settles Under Armour legal claim – BBC.com
Image source, Getty Images Image caption, The clothing company has a market capitalization of more than $3 billion. Article information author, Craig Williams role, BBC Scotland News 2 hours ago Lawyers for pension funds representing workers at three Scottish local authorities have won a $434 million settlement from US sportswear maker Under Armour. The North […]
Major pension fund will vote against Elon Musk pay package
The head of a major pension fund said on Monday that he will vote against Elon Musk’s compensation proposal later this week. Christopher Eilman, chief investment officer at the California State Teachers Retirement System (CalSTRS), said in an interview with CNBC that the system opposes Musk’s compensation package, calling it “absurd.” As of June 2023, […]
California pension fund to oppose Elon Musk’s ‘ridiculous’ Tesla $56B payday
The California State Teachers’ Retirement System plans to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the pension fund’s chief investment officer said. He told CNBC on monday. “We’re paying him 140 times what the average worker makes. How’s that? I think that’s fair enough. This pay structure is ridiculous,” Chris Eilman said […]
Archie Norman blames pension funds for decline of London's stock market – Financial Times
Get your free copy of Editor’s Digest FT editor Roula Khalaf picks her favourite stories in this weekly newsletter. City executive Archie Norman blamed a lack of funding for British pension funds invested in British companies and a decline in corporate share options for the long-term slump in the London stock market. Norman, who is […]
General election: Tories announce 'Triple Lock Plus' pension allowance – BBC.com
Image source, Getty Images Article information author, Sam Francis role, Political reporter May 27, 2024 Updated 26 minutes ago The Conservative Party has promised to increase tax-free pension benefits through the “triple lock plus” system if it wins the general election. Under the plan, personal allowances for pensioners would increase by at least 2.5% or […]