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 pension picks heft Ara Partners industrial decarbonization raise among latest commitments
https://www.altassets.net/private-equity-news/by-pe-sector/specialist-pe-sectors/california-pension-picks-hefty-ara-partners-industrial-decarbonisation-raise-among-latest-commitments.html
One person stopped California’s divestment from fossil fuels – again
https://sacramento.newsreview.com/2023/08/15/one-person-stopped-californias-divestment-from-fossil-fuels-again/
NATIONAL NEWS
Illinois Governor approves landmark pension reform
https://chicagodefender.com/illinois-governor-approves-landmark-pension-reform/
Kentucky Public Pensions authority’s returns back positive territory
https://www.pionline.com/pension-funds/kentucky-public-pensions-authoritys-returns-back-positive-territory
PSERS members could save if fund hits 10-year target, but measurement woes grind on
https://www.inquirer.com/business/psers-teacher-pension-fund-savings-aon-law-suit-20230812.html
Dallas facing US $3B in unfunded pensions
https://www.swfinstitute.org/news/99074/dallas-facing-us-3-billion-in-unfunded-pensions
Florida’s pension bought more Bud Light stock before DeSantis threatened to sue
https://www.barrons.com/articles/bud-light-stock-desantis-florida-pension-66b3e40a
Maine Public Employees Pension Fund nets 4.7% return for fiscal year
https://www.pionline.com/pension-funds/maine-public-employees-pension-fund-nets-47-return-fiscal-year
NYC pension funds seeks dismissal of ‘baseless’ lawsuit over fossil fuel divestment
https://brooklyneagle.com/articles/2023/08/16/nyc-pension-funds-seek-dismissal-of-baseless-lawsuit-over-fossil-fuel-divestment/