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Pensions

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  • Public pensions face $2 trillion hole: Moody's Friday, 26 Sep 2014 | 11:41 AM ET

    U.S. public pension funds don't have nearly enough money to pay what they owe current and future retirees, says Moody's.

  • NYT's Stewart: Hedge funds watershed moment     Friday, 26 Sep 2014 | 10:47 AM ET

    James Stewart of The New York Times, discusses his column on state pensions and CalPERS' move to dump its hedge fund investments.

  • How bad is the public pension funding gap? This bad Friday, 26 Sep 2014 | 5:42 AM ET
    People, mostly union and retired city workers, protest in front of the U.S. Courthouse in Detroit during the city's bankruptcy eligibility trial.

    The U.S. public pension gap has tripled to at least $2 trillion in less than a decade, Moody's Investors Service said in a report on Thursday.

  • Why CalPERS left hedge funds     Thursday, 25 Sep 2014 | 7:37 AM ET

    Donald Lindsey, George Washington University, shares insight into the reasons California's enormous state pension plan eliminated its hedge fund investing program.

  • Hedge fund exit not about performance: CalPERS CIO Wednesday, 24 Sep 2014 | 5:43 PM ET
    California Public Employees’ Retirement System headquarters is shown in Sacramento, Calif.

    CalPERS' decision to leave hedge funds was not meant to send a message about the hedge fund industry, the pension fund's CIO said.

  • CalPERS trims hedges     Wednesday, 24 Sep 2014 | 4:25 PM ET

    The California Public Employees' Retirement System announced the elimination of its hedge fund program. Ted Eliopoulos, CalPERS CIO, says the program was too small to have a meaningful impact on return.

  • Still hedging: Pensions won't follow CalPERS lead Tuesday, 23 Sep 2014 | 10:52 AM ET
    The California Public Employees' Retirement System building in Sacramento, Calif.

    Pension funds are keeping their hedge fund managers despite the recent decision by CalPERS to dump them.

  • 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.

  • CalPERS says no to hedge funds     Tuesday, 16 Sep 2014 | 12:16 PM ET

    CNBC's Kate Kelly has the latest details on the nation's largest public pension plan pulling out of all hedge funds.

  • End of 'costly' hedge fund trend?     Tuesday, 16 Sep 2014 | 7:07 AM ET

    Jeremy Siegel, Wharton School, and Larry Bossidy, former Honeywell chairman & CEO, share their thoughts on Calpers' plans to withdraw pension funds from hedge funds.

  • $185 billion worth of advice     Tuesday, 2 Sep 2014 | 1:09 PM ET

    CalSTRS is the nation's second largest public pension fund. Christopher Ailman, CalSTRS CIO, discusses performance and reveals where they are allocating capital.

  • Public pension funds stay mum on tax inversions Tuesday, 2 Sep 2014 | 8:07 AM ET
    The offices of the California Public Employees' Retirement System (Calpers) are shown in Sacramento, Calif.

    Public pension funds have major stakes in American firms moving overseas to cut their tax bills. But they are saying little about the strategy.

  • Federal pension problem     Friday, 22 Aug 2014 | 2:50 PM ET

    Are federal workers getting a sweeter deal than younger generations? Steve Malanga, Manhattan Institute senior fellow, provides perspective.

  • CalPERS cuts stake in a big tech firm Thursday, 21 Aug 2014 | 10:29 AM ET
    The offices of the California Public Employees' Retirement System (Calpers) are shown in Sacramento, Calif.

    The largest public pension in the country has quietly reduced its investment in one of the largest technology investment firms.

  • Santelli Exchange: Pension smoothing     Thursday, 14 Aug 2014 | 10:40 AM ET

    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.

  • Q2 investment returns improve for public pensions Monday, 11 Aug 2014 | 12:23 PM ET

    The performance of U.S. public pensions' investments improved greatly in the second quarter, returning a median 3.71 percent.

  • Calpers may shift investments to avoid risky bets Monday, 11 Aug 2014 | 6:40 AM ET
    The offices of the California Public Employees' Retirement System (Calpers) are shown in Sacramento, Calif.

    The California Public Employee Retirement System is considering changes to its portfolio as it attempts to stay away from riskier investments.

  • U.S. Treasury to put public pensions under scrutiny Monday, 4 Aug 2014 | 1:00 PM ET

    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.

  • This is what's straining the NYC pension system Monday, 4 Aug 2014 | 8:12 AM ET
    Bill de Blasio

    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.

  • Why New Jersey's pension crisis is just heating up Tuesday, 22 Jul 2014 | 12:49 PM ET
    New Jersey Gov. Chris Christie

    Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.