To reduce costs and complexity in its portfolio, CalPERS says it will no longer invest in hedge funds. Alexandra Stevenson of The New York Times, and Tim Spangler, Sidley Austin, discuss their strategy and if others will follow.» Read More
Public pension funds have major stakes in American firms moving overseas to cut their tax bills. But they are saying little about the strategy.
Are federal workers getting a sweeter deal than younger generations? Steve Malanga, Manhattan Institute senior fellow, provides perspective.
The largest public pension in the country has quietly reduced its investment in one of the largest technology investment firms.
CNBC's Rick Santelli and Bradley Belt, Palisades Capital Management, discuss the federal government's plan to allow companies to contribute less to their pension plans to replenish the Highway Trust Fund.
The performance of U.S. public pensions' investments improved greatly in the second quarter, returning a median 3.71 percent.
The California Public Employee Retirement System is considering changes to its portfolio as it attempts to stay away from riskier investments.
WASHINGTON, Aug 4- The Treasury Department's new office on state and local finance will scrutinize public pensions, appointing a specialist in the area and becoming a resource for retirement planning, its inaugural director said in a speech on Monday.
An look at the system’s problems reveals a strategy that has failed to keep up with costs, and a governing structure that permits politics to intrude.
Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.
New Jersey Governor Chris Christie addresses the disappointment he feels over the bridge scandal that occurred on his watch.
New Jersey Governor Chris Christie discusses the need to reform pensions, and make them less costly.
Many trash pickers in China are elderly people, unable to support themselves on meager government pensions. Global Post reports.
Congress is inching toward a solution to the government's highway funding crisis that is about as structurally sound as a sand castle.
Ash Williams, Florida State Board of Administration, discusses the Sunshine State's successful pension investment strategy.
Gregory Zuckerman, Wall Street Journal explains why many hedge funds and pension funds have missed out on much of the rally since 2009.
A former head of the nation's largest public pension fund has pleaded guilty to bribery and fraud in California.
July 1- Lockheed Martin Corp, Pentagon's biggest defense supplier, said it will move existing employees to a defined-contribution retirement plan by Jan.1, 2020, becoming the latest company to freeze its expensive defined-benefit pension plan.
Gov. Chris Christie, (R-N.J.), explains how increasing taxes on the wealthy results in them "playing games with their accountant" that end up hurting the state.
From revenue shortfalls to a pinched pension system, New Jersey can't wait to fix its fiscal problems, says Gov. Chris Christie.
I haven't made any decision whether I'm going to run for president or not, declares Gov. Chris Christie, (R-N.J.), sharing his thoughts on the 2016 election and public perception of him after the "Bridgegate" scandal.