Public pensions

Orange County grand jury recommends replacing pension plan with DC or hybrid

Orange County grand jury recommends replacing pension plan with DC or hybrid

Officials at the $12.6 billion Orange County Employees Retirement System, Santa Ana, Calif., and Orange County Board of Supervisors have 90 days to respond to a grand jury report that, in part,...

June 17, 2016 | 01:48 pm

Florida State Board hires new auditor

Florida State Board of Administration, Tallahassee, hired Crowe Horwath to audit the financial statements of the Florida Retirement System's $140.8 billion defined benefit plan and...

June 17, 2016 | 03:39 pm
Texas Teachers extends 4 consultant contracts by 2 years, returns 2% in first quarter

Texas Teachers extends 4 consultant contracts by 2 years, returns 2% in first quarter

Texas Teacher Retirement System extended by two years the contracts of the four investment consultants that advise the $128.2 billion pension fund.

June 17, 2016 | 01:27 pm

South Carolina pension fund assets fall 5.1% in first 9 months of fiscal year

Assets of the South Carolina Retirement Systems have fallen by 5.1% to $27.7 billion fiscal year-to-date through March 31.

June 17, 2016 | 02:58 pm

San Mateo County Employees commits $35 million to Tennenbaum

San Mateo County Employees' Retirement Association, Redwood City, Calif., committed $35 million to a direct lending fund managed by Tennenbaum Capital Partners.

June 17, 2016 | 12:28 pm

Orange County Employees could look at cutting or eliminating hedge fund allocation

Orange County Employees Retirement System is considering a recommendation to trim or even eliminate some of its hedge fund strategies later this year.

June 16, 2016 | 03:54 pm
Scott C. Evans: A different lens

Scott C. Evans: A different lens

Elected officials sitting on pension boards need to learn they are a fiduciary for “everyone in the plant,” not just the constituency that elected them, New York City Retirement...

June 16, 2016 | 04:25 pm
Public pension plan funding rises slightly in 2015 — report

Public pension plan funding rises slightly in 2015 — report

U.S. public pension plan funding levels saw modest improvement in 2015, rising to 74% from 73% the previous year, said a report released Thursday by the Center for State and Local Government...

June 16, 2016 | 03:37 pm

Fresno County puts Waddell & Reed on watch

Fresno County (Calif.) Employees’ Retirement Association put domestic large-cap growth equity manager Waddell & Reed Financial on watch.

June 16, 2016 | 02:53 pm

Seattle City Employees makes another infrastructure commitment

Seattle City Employees’ Retirement System committed $12 million to Global Infrastructure Partners III, the $2 billion pension fund’s third overall commitment to the asset ...

June 16, 2016 | 02:46 pm

North Carolina returns 1% in first quarter; down 0.7% for 12-month period

North Carolina Retirement Systems, Raleigh, returned 1% for the quarter ended March 31, below its 1.6% benchmark.

June 16, 2016 | 02:30 pm

Louisiana Firefighters increases allocations to 2 international equity managers

Louisiana Firefighters’ Retirement System added $30 million each to the portfolios of active international equity managers Fisher Investments and LSV Asset Management, giving each manager about ...

June 16, 2016 | 11:49 am

PennPSERS commits about $600 million to 6 funds

Pennsylvania Public School Employees’ Retirement System committed a total of more than $600 million to six investment funds.

June 16, 2016 | 11:45 am

University of Missouri eyes Northern Trust as custodian for pension fund, endowment

University of Missouri System’s finance committee is recommending hiring Northern Trust as custodian for the Columbia-based system’s $3.1 billion defined benefit plan and ...

June 16, 2016 | 11:40 am
Kentucky attorney general: Pension fund board meeting violated Open Meetings Act

Kentucky attorney general: Pension fund board meeting violated Open Meetings Act

Conditions at last month's Kentucky Retirement Systems board meeting violated the state's Open Meetings Act, Kentucky Attorney General Andy Beshear said.

June 15, 2016 | 03:58 pm