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 […]
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 […]