robs-voting – IPFIUSA

COMMENTARY: Safeguarding the pensions of public employees; With proxy reforms the SEC takes a first step in improving the health of U.S. pension funds

October 16, 2019

This op-ed originally appeared in The Washington Times on October 8th, 2019. Nearly a year after it held a roundtable on the topic, the Securities and Exchange Commission on Aug. 21 issued “an interpretation that proxy voting advice provided by proxy advisory firms generally constitutes a ‘solicitation’ under the federal proxy rules.” This is a […]

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The Hartford Courant: Those Pesky Trust Funds

September 9, 1996 | (The Hartford Courant)

Attorney General Richard Blumenthal had egg on his face when his annual disclosure statements to the State Ethics Commission showed that two minor children of Mr. Blumenthal had thousands of dollars worth of tobacco stocks in their names in family trust accounts for several years. The accounts are managed by the attorney general’s father, Martin […]

The Hill: Pensions should avoid politics and invest for the benefit of our workers

December 10, 2017 | Chris Burnham (The Hill Op-ed)

Why do public fiduciaries think they should impose their political agenda on other people’s retirement benefits? Is not the standard of care to manage public retirement funds with the highest return at the lowest reasonable risk? With more than 50 percent of all state pension funds significantly underfunded and at least five states, including my […]

Press-Republican: Cuomo ignites pension fund debate with divestment push

December 26, 2017 | (CNHI)

But the governor’s move has spawned concerns that a green energy litmus test over investment decisions could end up limiting the fund’s growth should Cuomo’s prognostications regarding energy sector stocks prove to be flawed. “The comptroller needs to stick to his guns and understand that his fiduciary responsibility is to the beneficiaries” of the fund, […]