Here is a weekly round-up of news and opinion on the pension issue. Stay informed on this important issue and pass these on to neighbors and colleagues.
California News
California quietly shelves $15 billion pension divestment bill
https://www.bloomberg.com/news/articles/2023-07-03/california-quietly-shelves-15-billion-pension-divestment-bill
Lawmakers weigh bill forcing giant state pension funds to divest from fossil fuels
https://www.sfchronicle.com/politics/article/calpers-sell-oil-18180220.php
Will California’s largest pensions, CalPERS and CalSTRS, divest from fossil fuels?
https://calmatters.org/economy/2023/06/california-pension-calpers-fossil-fuel/
National News
Albany commissioners approve employee retention incentive, pension contribution increase
https://www.walb.com/video/2023/06/29/albany-commissioners-approve-employee-retention-incentive-pension-contribution-increase/
Casey Wild announce special financial assistance for PA union pensions
https://www.politicspa.com/casey-wild-announce-special-financial-assistance-for-pa-union-pensions/122967/
Siemens discharges stake Siemens Energy to its pension trust
https://www.pionline.com/pension-funds/siemens-discharges-stake-siemens-energy-its-pension-trust
Florida police pension hires large-cap core manager
https://www.fin-news.com/2023/06/29/florida-police-pension-hires-large-cap-core-manager/
Oklahoma pension funds brace deadlines to divest blacklisted firms
https://www.pionline.com/pension-funds/oklahoma-pension-funds-brace-deadlines-divest-blacklisted-firms
Chicago pension debt rises to $35 billion as mayor hunts for a fix
https://finance.yahoo.com/news/chicago-pension-debt-rises-35-203359720.html