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 […]
Canadian pension giant stops agreements with DP World due to chief’s connections to Jeffrey Epstein.
Canada’s second-largest pension fund has decided to halt future dealings with Dubai’s DP World, following unsettling revelations about the company’s CEO, Sultan Ahmed bin Sulayem, and his connections with convicted sex offender Jeffrey Epstein. The Quebec-based La Caisse pension fund, which has poured billions into various port projects globally, stated it would “join the company […]
Danish pension funds facing pressure to invest in local markets
Denmark Pushes Pension Funds to Invest Locally Amid U.S. Concerns The Danish government is urging the country’s vast pension sector, worth 5.5 trillion Danish kroner (around 737 billion euros), to channel more investments into the national economy. This comes as some retirement funds rethink their holdings in the U.S., spurred by worries about financial stability […]
Intermountain Health pauses pension plans. What implications does this have for employees?
Intermountain Health Freezes Pension Plan Intermountain Health plans to freeze its long-standing pension plan. This change will impact about one-third of its more than 68,000 employees. Factors influencing this decision include fiscal pressures, reduced government spending, and inflation. Intermountain Health, based in Utah, recently revealed its decision to end its long-running pension system. This step […]
Retired LAUSD teacher’s pension payments reinstated after being mistakenly declared deceased.
Retired Teacher’s Pension Resumes After Mistaken Death Claim A 94-year-old former teacher from the Los Angeles Unified School District has had her CalSTRS pension reinstated after being mistakenly declared deceased, as reported by her family. Gloria Wilson’s relatives reached out to a local news channel, seeking intervention after they discovered that her pension payments had […]