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Pensions

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  • US State Pension Funds Could Learn From the North Friday, 8 Jul 2011 | 1:36 AM ET

    America’s public sector has not produced many pleasant financial surprises this year. This week, however, one emerged: John Liu, New York City Comptroller, announced that in the year to June 30, the City’s pension fund produced returns of more than 20 percent, raising total assets to $119 billion, according to the FT.

  • Now Is the Time to Play It Safe: Calpers CIO Thursday, 23 Jun 2011 | 7:22 PM ET

    Now is the time to play it safe, Joe Dear, CIO of the largest United States public pension fund, the California Public Employees Retirement System, told CNBC Thursday.

  • Mangiero: No Pension Checks for the Postman to Deliver? Thursday, 23 Jun 2011 | 1:20 PM ET
    Postal worker

    The mail gets delivered in rain or snow but it might not include pension checks for postal workers. According to a June 22, 2011 press release from the United States Postal Service, it intends to suspend what it owes to its pension plan as a way to “conserve cash and preserve liquidity.” By doing so, it frees up $800 million in cash for the current fiscal year.

  • Investing Amid Global Turmoil     Thursday, 23 Jun 2011 | 12:12 PM ET

    CNBC's Gary Kaminsky looks at weakenss in European financial stocks; and insight on taking a long term approach to investing, with Joe Dear, CalPERS CIO.

  • A Pension Black Hole Friday, 17 Jun 2011 | 9:15 AM ET

    The nation’s space agency has budgeted more than half a billion dollars to cover retirement funds due to thousands of workers at a long-term shuttle contractor.

  • Public pension funds managing the retirement and health care benefits of teachers and firemen are pouring money into hedge funds, as much as doubling the money they allocate to the industry, in a desperate attempt to bridge the funding gap in their plans.

  • Rupiah Is Rising, Roubini Is Glum Tuesday, 14 Jun 2011 | 7:50 AM ET

    Indonesia's rupiah is on a roll and high frequency traders are on the prowl. Time for your FX Fix.

  • Muni Bonds: A Dialogue Thursday, 19 May 2011 | 1:22 PM ET

    There's no doubt that states and municipalities have taken on more obligations than they can possibly pay. They can't afford the pensions, medical benefits and debt payments they've already promised to pay. When you add in the costs of basic services, such as education and policing, the situation is very obviously untenable.

  • CalSTRS: Funding the Future     Tuesday, 17 May 2011 | 3:15 PM ET

    Discussing how the nation's second-largest pension fund plans to boost its performance and investment opportunities, with Christopher Ailman, California State Teachers' Retirement System.

  • The State of Pensions Thursday, 5 May 2011 | 12:46 PM ET

    The fiscal challenges facing states is not new and the budget battles we saw in both Wisconsin and Ohio just showcases the problem. One of the biggest challenges states are facing when tackling their budget shortfalls is their pension deficits.

  • How Pension Fund Math Enriches Private Equity Funds Wednesday, 4 May 2011 | 9:17 AM ET

    The basic accounting assumption that underlies pension fund valuations may be a huge gift to private equity funds.

  • Protecting the Pension Fund     Tuesday, 3 May 2011 | 4:36 PM ET

    Janet Cowell, North Carolina State Treasurer talking about her state's pension fund, which is 96% funded, and the investment strategy that contributed to it's AAA rating.

  • Funding the Future     Tuesday, 3 May 2011 | 3:15 PM ET

    Discussing underfunded pension funds and what can be done to boost returns for retirees, with Christopher Ailman, CalSTRS CIO, and Joe Dear, Calpers CIO.

  • Big Oil Boost Pension     Tuesday, 26 Apr 2011 | 2:14 PM ET

    Major oil companies are reporting earnings this week, and given high gas prices, could well be pulling in an embarrassment of riches. Just the same, many pension holders will profit, too. CNBC's Eamon Javers has the story.

  • Public Pensions, Once Off Limits, Face Budget Cuts Tuesday, 26 Apr 2011 | 6:47 AM ET
    Pension

    Conventional wisdom and the laws and constitutions of many states have long held that the pensions being earned by current government workers are untouchable. But as the fiscal crisis has lingered, officials have begun to take a second look, to see whether there might be loopholes allowing them to cut the pension benefits of current employees. The New York Times reports.

  • Tackling Pitfalls of Pensions     Tuesday, 5 Apr 2011 | 12:29 PM ET

    Shari Mason, svp at RBC Wealth Management, reveals why rethinking traditional asset allocation could help U.S. pension funds address some of their challenges. Plus, she weighs in on why ETFs can be a valuable part of a fixed income strategy.

  • Kaminsky's Call & Fixing Pension Funds     Tuesday, 5 Apr 2011 | 12:22 PM ET

    Reclaiming the returns of the "lost decade," with Gary Kaminsky, who calls out the propaganda. In this case, the 10-year performance numbers. And pensions have been hit hard. Shari Mason, RBC Wealth Management, makes a living helping dig pension funds out of their holes.

  • Global Risks & Your Money     Friday, 1 Apr 2011 | 8:00 AM ET

    Joe Dear, CalPERS CIO, shares his money mantras with "Squawk Box."

  • Blog: We Have Forgotten What True Money Is Monday, 14 Mar 2011 | 1:41 AM ET
    elderly woman with financial advisor

    A wise old fund manager once told me "never trust a man or woman under the age of thirty to manage your money; they ain't seen nothing yet."

  • The Burden of Pensions on States Friday, 11 Mar 2011 | 8:54 AM ET
    Pension

    In Wisconsin, new pension cost estimates are expected to show that contribution levels are too meager and more money will be needed from public workers, the NYT reports.