Public pension funds

American Federation of Teachers urges public pension funds to seek Tesla stake review

Source: Pensions & Investments A national teachers’ union is urging public pension funds to ask their money managers how they will safeguard retirement assets given the steep plunge in Tesla shares this year. In a letter to more than 75 state and city chief fiduciary officers of U.S. public pension funds, American Federation of Teachers President Randi Weingarten is requesting they reach out to money managers overseeing their investments “to urgently review their current holdings” in the electric carmaker [...]

CORPaTH2025-04-02T15:40:14-07:00April 2nd, 2025|Categories: Pension Funding|Tags: American Federation of Teachers, Public pension funds, tesla|

How Pension Plans Evolved Out of the Great Financial Crisis

Source: AI-CIO.com Public pension funds were not spared from the carnage of the Great Financial Crisis, as assets and funding statuses eroded between December 2007 and June 2009. From 2009-2013, there was a significant dip in the aggregate percentage of required contributions paid. When the economy recovered, states and other plan sponsors normalized their contribution levels. A recent webinar held by the National Institute on Retirement Security, in conjunction with consulting firm Segal and Lazard Asset Management, reviewed the [...]

CORPaTH2022-10-20T15:14:18-07:00October 20th, 2022|Categories: Defined Benefit Plans|Tags: Public pension funds|

Public Funds Are Among Strongest Backers of ESG Resolutions

Source: AI-CIO.com Public pension funds strongly support environmental, social and governance shareholder resolutions, Morningstar data show. According to a Morningstar research report released this month, public pension funds’ average rate of support for ESG resolutions was 90% in 2021, compared with 85% of ESG-focused funds and 63% of general shareholders. “Basically, public pension funds’ voting behavior looks very similar to mutual funds and [exchange-traded funds] that focus on ESG issues,” says Janet Yang Rohr, director for multi-asset and alternatives [...]

CORPaTH2022-09-06T16:46:04-07:00September 6th, 2022|Categories: ESG|Tags: esg, Public pension funds|