There’s A Massive Red Flag That Could Spell Disaster For Americans’ Pension Plans
U.S. government pension funds currently have the lowest cash holdings since the 2008 financial crisis, and corporate pensions’ cash holdings are barely above the 13-year low they hit in 2021, which could spell disaster in the event of a financial crisis. Over the past 15 years, public pensions had 2.45% cash holdings and private pensions […]
EXCLUSIVE: Swing State’s Pension Funds Used To Advance ‘Racial Equity,’ Climate Initiatives, Report Finds
Arizonans’ pension funds have repeatedly been leveraged to forward racial and climate-related resolutions at publicly traded companies, according to a report from conservative watchdog group American Accountability Foundation (AAF). Arizona State Retirement System (ASRS) used Arizonans’ pension funds to back environmental, social and governance (ESG) shareholder resolutions on issues including race, gender, climate and politics, […]
What comes next for Ohio's teacher pension fund? Prospects of a 'hostile takeover' are being probed – Yahoo Finance
COLUMBUS, Ohio (AP) — The battle over the future of Ohio’s $94 billion teachers’ pension fund is underway as reformers’ attempts to provide long-promised benefits to retirees with the help of an aggressive investment firm peddling untested AI-driven trading strategies face intense scrutiny. As the drama unfolds, the eyes of Wall Street and the 500,000 […]
What comes next for Ohio's teacher pension fund? Prospects of a 'hostile takeover' are being probed – The Associated Press
COLUMBUS, Ohio (AP) — The battle over the future of Ohio’s $94 billion teachers’ pension fund is underway as reformers’ attempts to provide long-promised benefits to retirees with the help of an aggressive investment firm peddling untested AI-driven trading strategies face intense scrutiny. As the drama unfolds, the eyes of Wall Street and the 500,000 […]
NYS pushes to boot Boeing bigwigs, block executive raises using pension fund after series of company mishaps
New York state plans to use the weight of its pension fund to push for the firing and blocking of pay raises for three Boeing Co. executives following a series of corporate disasters. State Comptroller Tom DiNapoli, who oversees the fund, voted against a shareholder proposal that argued Boeing’s corporate giant shouldn’t get raises because […]
Ohio Attorney General sues to remove two from teacher pension board – The Columbus Dispatch
State law allows the attorney general to file a civil suit to remove a public pension board member if the member fails to act in the plan’s best economic interest. Last week, Yost launched an investigation into whether some directors breached their fiduciary duties. Gov. Mike DeWine sent a letter to Yost and other state […]
NYPD, FDNY, teachers and NYC worker pension funds have millions sunk in TikTok parent ByteDance
WASHINGTON – Millions of dollars from U.S. pension funds, including those for New York police officers and firefighters, are being taken away by TikTok’s Chinese-controlled parent company Byte, which is under standing orders from Congress to sell the popular social media platform. There is a high possibility that you are invested in dance. Otherwise you […]
Groups call for investigation into NY state pension funds over possible ties to ‘predatory’ legal lenders
A newly assembled coalition of critics has called for an investigation into New York’s pension funds to find out whether their huge accounts support the seedy world of third-party legal lending. a wide range of groups – Representing businesses, workers and governments – Asking State Auditor Tom DiNapoli and City Auditor Brad Lander to take […]
Ohio AG investigating alleged 'hostile takeover' inside teacher's pension fund – News 5 Cleveland WEWS
COLUMBUS, Ohio — Ohio Attorney General Dave Yost has launched an investigation into teachers’ pension funds following allegations that a “hostile takeover” has put educators’ funds at risk. The Ohio State Teachers Retirement System (STRS) is a $90 billion pension fund that has been embroiled in controversy for years. reformers Educators have had a tough […]
FDNY skipper Thomas Waller that collided, killed firefighter quitely retires with pension worth at least $110K annually
The pilot of the FDNY fireboat that collided with another vessel and killed a visiting Belgian firefighter has quietly retired with a six-figure annual increase in his three-quarters disability pension. This was revealed in a report by the Post. Firefighter Thomas Waller, who retired this month after 22 years on the job, will receive a […]