Tag Archives: Pensions
State Employee Pensions to Cost California $3.7 Billion
California will pay about $ 3.7 billion for state employees’ pension in its next fiscal year, more than it now pays but less than the state set aside for retirement-related expenses in the prior fiscal year, the state’s pension fund said on Wednesday.
NYT > Retirement
Pensions Helped EIG Loan Cash to Chesapeake, McClendon
An investment management firm that has loaned hundreds of millions of dollars to Chesapeake Energy Corp. Chief Executive Aubrey McClendon raised money for its most recent investment fund from 19 institutional investors, including some of the largest U.S. public pension funds, according to a private equity research firm.
NYT > Retirement
Pensions Find Riskier Funds Fail to Pay Off
Public worker’s pension funds, which have increased expensive investments in private equity, real estate and hedge funds, have been outperformed by stocks and bonds in the last five years, for a fraction of the fees; analysis of sampling between some states’ funds presents an unflattering portrait of the riskier bets; the funds with a third to more than half of their money in private equity, hedge funds and real estate had returns that were more than a percentage point lower than returns of the…
NYT > Retirement
Ideas on Company Pensions Include Turning to States
Some state officials are considering a novel proposal to rebuild America’s ailing retirement system: having state pension funds run retirement plans for companies.
NYT > Retirement
Military Pensions Are Essential
It would be a grave mistake to replace the guaranteed military pension, which compensates for the sacrifices service members make.
NYT > Retirement
