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
America’s top pension fund to vote against Elon Musk’s $56 billion pay package, CEO says
https://www.marketwatch.com/story/they-have-no-honor-americas-top-pension-fund-to-vote-against-elon-musks-56-billion-pay-deal-ceo-says-70fc0aca
Ranks of high-priced public pensioners explode in CA
https://www.ocregister.com/2024/06/02/ranks-of-high-priced-public-pensioners-explode-in-california/
NATIONAL NEWS
No pension, no problem: Goldman Sachs report shows how younger generations are becoming more retirement-ready than boomers
https://fortune.com/2024/05/30/goldman-sachs-report-millennials-gen-z-boomers-retiremen-ready-pensions-savings/
U.S. state laws take aim at pension investment in China
https://asia.nikkei.com/Politics/U.S.-state-laws-take-aim-at-pension-investment-in-China
Comptroller’s Office looking into double pension payments
https://www.news10.com/news/ny-news/comptrollers-office-looking-into-double-pension-payments/
Illinois Firefighters CIO builds out private markets allocation, now that long-fought lawsuit is over
https://www.pionline.com/pension-funds/illinois-firefighters-pension-investment-fund-building-out-private-markets-portfolio
Wisconsin pension plan likely to invest much more in Bitcoin ETF
https://www.coindesk.com/business/2024/06/03/wisconsin-pension-plan-likely-to-invest-much-more-in-bitcoin-etf-says-marquette-professor/
Editorial: Illinois’ spending plan is divorced from its fiscal reality
https://www.illinoispolicy.org/editorial-illinois-spending-plan-is-divorced-from-its-fiscal-reality/