US Archives - Page 95 of 213 - Pension Policy International

22MarMarch 22, 2023

How Investors Can Prepare for a Recession

The likelihood that the U.S. enters a recession has been growing as the Fed continues to fight inflation by raising interest rates. Recessions, significant periods of broad decline in economic activity, are inevitable, but still occur relatively infrequently (the U.S. has only experienced seven recessions in the last 50 years). Compared to typical periods of economic expansion, recessions are also relatively brief, averaging roughly six months to two years in length. However, recessions can cripple household wealth and set investors...

March 22, 2023

NewsInvestment, US

21MarMarch 21, 2023

US. Biden uses first veto to defend rule on ESG investing

U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency. "I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country," Biden said in a video posted on Twitter. The bill cleared Congress on March 1, when the Senate voted 50-46 to adopt a measure to overturn...

March 21, 2023

NewsESG, Investment, Regulation, US

21MarMarch 21, 2023

US. Some Public Pension Funds Are Pulling Back on Private Equity

Some U.S. public pension and investment funds are pulling back on private equity after a decade of state and local retirement systems aggressively pursuing the expensive, risky and hard-to-trade asset class. Maryland’s $65 billion retirement system is investing less new money in private equity. At Alaska’s $77 billion state fund, the investment chief wants to cancel a planned ramp-up. And the $615 million pension fund of Mendocino County, Calif., last month opted against introducing private equity to its investment mix. “We...

March 21, 2023

NewsInvestment, Public Pensions, US

17MarMarch 17, 2023

Politicians Make Poor Asset Managers

Not that long ago, state legislators of various stripes told their state pension systems they must immediately divest of any portfolio investments tied to companies doing business in South Africa. The apartheid debate was front and center for nearly every public pension fund in the country. Several funds went along with the political demands, but most did not. Pension officials took the view that bowing to divestment demands would be a complete surrender of their independent, fiduciary responsibilities owed...

March 17, 2023

NewsCorporate Governance, ESG, Investment, US

16MarMarch 16, 2023

US. Ohio public employee pension funds lose more than $30 million in bank collapse

Ohio's public pension systems collectively lost tens of millions of dollars invested in Silicon Valley Bank of California and Signature Bank of New York, two of the largest banks to fail in U.S. history Ohio's State Teachers Retirement System took the biggest hit. Last week, it had SVB shares worth $27.2 million, which represents 0.03% of the fund's total portfolio. It did not own shares of Signature. Last week, Ohio Public Employees Retirement System held shares in SVB worth $3.2 million...

March 16, 2023

NewsInvestment, Pension Management, US

13MarMarch 13, 2023

GOP lawmaker says US should consider raising retirement age for future Social Security beneficiaries

Republican Rep. Nancy Mace of South Carolina said Sunday that raising the retirement age for future Social Security beneficiaries should be “on the table” as long as it doesn’t affect “anybody that’s heading into retirement right now.” “I think that’s something that has to be on the table, we have to look at,” Mace told CNN’s Kaitlan Collins on “State of the Union” when asked about Republican presidential candidate Nikki Haley’s call for a higher retirement age for Americans who...

March 13, 2023

NewsRetirement Age, US

10MarMarch 10, 2023

Legal & General U.S. Gig Economy study

By Sir Nigel Wilson, John Godfrey & Edyta Borowy (Legal & General) The data was collected via online survey fielded to individuals sample sourced from YouGov’s US panel. The survey scripted and hosted on Gryphon, YouGov’s proprietary survey scripting platform and the field work took place between August 19 and 31, 2022. 1,044 surveys of freelancers and self-employed workers between 18 and 60 years old, non-student/non retired drawing 60% or more of their income from gig work were completed. Key...

March 10, 2023

Books, Books, Labor Market2023, Gender Gap, Informal Sector, savings, Social Security, US

10MarMarch 10, 2023

I chair the investment committee of America’s second-largest pension fund. Here’s why savvy investors back the SEC’s proposed ESG disclosure rules

As the nation deals with floods, fires, and other extreme weather events fueled by climate change, it may come as a surprise that relatively little is known about one of the largest sources of greenhouse gas emissions: publicly held companies. That is because there are no federal rules requiring these major drivers of the nation’s economy to disclose critical information about the impact of climate on their businesses. With more than half of U.S. households invested in the stock market,...

March 10, 2023

NewsESG, US

10MarMarch 10, 2023

US. Could companies be persuaded to bring back pensions?

There’s a certain type of employer-sponsored retirement plan that’s the stuff of legends. They’re called traditional defined benefit pension plans, meaning employees get a fixed amount of money upon retirement, usually shouldered by the company. While they’ve since been replaced in 401(k) plans in almost every company, there’s an argument to be made that today’s tight labor market could offer companies that bring back pensions an edge in attracting talent. Marketplace senior economics contributor Chris Farrell recently spoke with Marketplace’s...

March 10, 2023

NewsOccupational Pensions, US

09MarMarch 9, 2023

Legal & General’s new report on women in the U.S. Gig Economy finds income disparity, multiple roles, worry about financial future

32% Average Pay Gap between male and female gig workers. A special International Women’s Day report in a broad new study sponsored by Legal & General Group (LGEN, LGNNY), U.S. Gig Economy Special Report: Tasked With Both Childcare and Earning, Women Fall Behind Their Male Counterparts, was released today. The report continues narrating original research on the changing U.S. workforce and the reluctance of so many to enter into traditional employment. The study looks into the diversity and differences as...

March 9, 2023

NewsGender Gap, Informal Sector, US

March 2023