Topic: Pensions
State Pension Funds At Risk, Report Warns
consumeraffairs.com
California's problems may be just the tip of the iceberg California's budget crisis has grabbed the headlines, but other states are grappling with revenue shortfalls as well. Two researchers say, as bad as the budget figures look, a growing state worker pension shortfall could be even worse news ...
Agents get millions for CA pension fund business
AP News
Funds paid placement agents $125 million to get business with giant California pension systemDocuments released Thursday show placement agents have received more than $125 million in fees from private investment funds for getting business with the giant California Public Employees' Retirement System. The nation's largest public pension fund released ...
Board approves reforms for Colo. state pensions
AP News
Public Employees' Retirement Association board OKs reform plan for Colorado state pensionsThe board that oversees Colorado's troubled state pension plan has approved a proposal by lawmakers to fix it. Proposed changes to the Public Employees' Retirement Association include increasing employee and employer contributions by 2 percent and reducing cost-of-living ...
Calpers gets new board member, another reelected
Reuters US Online Report Domestic News
SAN FRANCISCO (Reuters) - Calpers, the biggest U.S. public pension fund, said on Tuesday that unofficial election results show Kurato Shimada and Joseph 'J.J.' Jelincic winning member-at-large seats on its board. Calpers, the California Public Employees' Retirement System, said Shimada was re-elected to his seat with more than 83 ...
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