PENSION FUNDS
Former CalPERS CIO Yu "Ben" Meng failed to disclose sales of stocks and other holdings, according to an anonymous complaint.
A survey of 34 public pension funds found few had significant problems with contingency plans put in place during the coronavirus pandemic.
CalPERS CIO Yu "Ben" Meng resigns with more work to do amid questions.
The latest case on the California rule softens the standard a bit and reaffirms pension plans' ability to improve operations.
California pensions plans are evaluating the impact of a recent ruling on the so-called California rule.
The NISA Pension Surplus Risk index fell 0.6 percentage points in July to 6.9%, and the average plan funded status fell to 84%.
The Oklahoma Firefighters Pension & Retirement System posted a net return of 4% for the fiscal year ended June 30.
Vermont Pension Investment Committee reported a preliminary fiscal year net return of 4% for the Vermont State Retirement Systems.
Japan's GPIF reported a record 8.3% investment gain for the latest quarter, lifting the value of its portfolio to $1.51 trillion.
An application by the American Federation of Musicians and Employers' Pension Fund to reduce benefits is expected to be denied.
