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
Exxon’s entire board of directors slate is opposed by America’s largest state pension fund
https://qz.com/exxonmobil-calpers-climate-change-oppose-directors-1851488367
NATIONAL NEWS
Midwest pension plan extends executive director’s leave
https://www.fin-news.com/2024/05/20/midwest-pension-plan-extends-executive-directors-leave/
Public pension funding ratios dip in April
https://www.pionline.com/pension-funds/us-public-pension-plan-funding-ratios-fell-april-due-negative-market-performance
Major pension fund tells Tesla investors: vote against Musk’s $55B pay package
https://electrek.co/2024/05/21/major-pension-fund-tells-tesla-investors-vote-against-musks-55b-pay-package/
Changes to state pension plan, 401(k) rules advance in NC Legislature
https://www.wral.com/story/changes-to-state-pension-plan-401-k-rules-advance-in-nc-legislature/21442931/
Increase of Social Security benefits in this state: they want to pay retirees more
https://lagradaonline.com/en/increase-social-security-state-pay-retirees-more/
City pension plan invests $60M in affordable housing fund
https://www.crainsnewyork.com/real-estate/nyc-pension-invests-60m-affordable-housing-fund