pensions

Teachers’ pension system touts clean audit. Retirees unimpressed

BY: - January 6, 2023

Correction: The State Teachers Retirement System of Ohio manages about $90 billion in assets. An earlier version of this story gave an incorrect amount. It has been updated. The State Teachers Retirement System of Ohio has been flagging the results of a special audit conducted in response to complaints from some teachers and retirees. But […]

GOP leaders target ‘woke’ investments through state pension funds

BY: - September 20, 2022

Republicans in state capitals across the country are targeting an investing concept known as environmental, social and corporate governance criteria, or ESG for short. Describing these investment criteria as “woke” and “misguided activism,” GOP officials argue that by taking these factors into account when making investment choices, financial institutions are putting ideology ahead of making […]

Collapsing union pension plans win long-sought help from rescue package

BY: - March 23, 2021

WASHINGTON — Tucked in the Democrats’ massive coronavirus stimulus package was a long-awaited solution for a financial ticking time bomb: private pension funds on the brink of collapse, jeopardizing the retirement plans of millions of union members. The $1.9 trillion pandemic relief measure included $86 billion that will be used for grants to help shore […]