The California State Pension system lost more than $100 Billion dollars in the 2008 financial crisis and has still not fully recovered The League of California Cities released a report claiming that pension costs are expected to rise more than 50% by 2024-2025. This would mean that 16 percent of the annual budget for the […]
PRESS RELEASE: California Treasurer Inserts Politics Into the Management of Teacher Retirement Fund
FOR IMMEDIATE RELEASE September 12, 2019 California Treasurer Inserts Politics Into the Management of Teacher Retirement Fund The Institute for Pension Fund Integrity urges California Treasurer Fiona Ma to prioritize her fiduciary duty instead of politics to optimize state investments. Arlington, VA – Yesterday, California Treasurer Fiona Ma, CPA, decided that supporting a political stunt […]
LACERS Must Stand Up Against Divestment Pressure
As the new year begins, fiduciaries must remain vigilant against misguided abuse of our nation’s pensions. Those in charge of California’s retirees have a duty to manage the Los Angeles City Employees’ Retirement System (LACERS) with the sole objective of increasing returns. Forced divestment and politically-motivated financial decisions have been shown to compromise that outcome. […]