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
CalPERS taps former NZ foreign fund executive as investment chief
https://www.ft.com/content/ca9adb96-8f91-4385-95c4-12a310672fe2
Pension fund CalPERS votes for Nelson Peltz and Jay Rasulo in Disney board battle
https://variety.com/2024/biz/news/disney-calpers-nelson-peltz-jay-rasulo-1235956371/
Nelson Peltz’s fight against Disney just got backing from the largest public pension fund in the US
https://qz.com/disney-board-fight-bob-iger-nelson-peltz-calpers-1851378587
NATIONAL NEWS
CT pension fund was once second worst in the nations; its progress is breathtaking
https://www.courant.com/2024/03/31/connecticuts-pension-fund-was-once-second-worst-in-the-nation-its-progress-is-breathtaking/
House OK’s bill to allocate $5.2M to pay for government retirees’ 25% pension
https://www.saipantribune.com/news/local/house-oks-bill-to-allocate-5-2m-to-pay-for-gov-t-retirees-25-pension/article_be67a6fc-ecdb-11ee-a71d-7b6bc2d15829.html
Pensions eat up $11.6B of Illinois’ budget
https://www.illinoispolicy.org/pensions-eat-up-11-6b-of-illinois-budget/
Does SC’s top lawyers deserve a bigger retirement plan? How about $68K more?
https://www.thestate.com/news/politics-government/article287270975.html
$40M union pension dispute to head back to arbitrator
https://www.law360.com/employment/articles/1820237/-40m-union-pension-dispute-to-head-back-to-arbitrator