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
I will not be able to pay down the sins of my predecessors, says Gov. Chris Christie, (R-N.J.), sharing his thoughts on funding pensions in New Jersey.
Gov. Chris Christie, (R-N.J.), discusses his battle to balance the budget in the Garden State. Also Christie shares his thoughts on taxes. Folks don't understand you have to make yourself competitive from a tax prospective, says Christie.
Gov. Chris Christie, (R-N.J.), provides his thoughts on a wide array of topics, from funding public pensions, to taxes, politics, and legalizing marijuana.
If it succeeds, the city’s cost-cutting hybrid pension plan could be a model for solving government budget crises across the country.
To try to close the gap in underfunded pensions, states are shifting fund assets into stocks and investments like hedge funds.
S&P could downgrade New Jersey again because of budgetary imbalance and underfunded pensions, putting it among the three worst-rated states.
The Ontario Teachers' Pension Plan manages around $141 billion, says Ron Mock, the group's CEO, as he discusses how the Pension Plan invests.
SYDNEY, May 23- When Christine Leaves quit full-time work in her late-50s, she spent most of her small retirement savings on a new car.
Richard Ravitch, "So Much to Do" author, discusses the growing pension crisis in the U.S. R. Donahue Peebles, The Peebles Corporation CEO, provides perspective.
Big firms are planning to cut the cash they put into employees' pensions this year. Investors are hoping to get their hands on the money instead—USAT.
New Yorkers who rely on the state pension fund for their retirement may be short-changed as a result of one of Gov. Andrew Cuomo's policies.
Fears tapering would push up long-end bond yields appear to have come to naught, with yields falling and some expect they won't budge anytime soon.
Is the largest public state pension in the U.S. cutting its allocation to hedge funds by half?
Ira Kay, the top CEO-compensation consultant, is on a mission to defend rising executive compensation, despite outrage from shareholders.
Detroit and a coalition of 14 city employee unions have reached a tentative deal on five-year collective bargaining agreements.
Japan overhauled the world's biggest public pension fund in a push toward Prime Minister Shinzo Abe's goal of a more aggressive investment strategy.
An estimated 85 percent of public pensions could fail in 30 years, according to controversial new research by Bridgewater Associates.
CNBC enterprise reporter Lawrence Delevingne breaks down how many public pension funds overestimate annual returns.
CNBC's Scott Cohn reports Detroit has reached a deal with retirees on pension cuts.
The city of Detroit has reached a deal with retired police officers and firefighters that would preserve current pensions.