A proposed permanent fix from Cook County’s Pension Fund board would cost $267 million more than expected and would achieve full funding only a few years earlier, Toni Preckwinkle’s CFO says.
In the history of the earth’s climate two years is a infinitesimal blip, but in the recent history of investor-led efforts to push for action on climate change from corporations, two years has meant a great deal.
Princeton University’s endowment earned a 6.2 percent investment gain for the fiscal year that ended June 30, 2019. The endowment value stood at $26.1 billion, an increase of about $200 million from the previous year.
Amid volatile stock markets, the Arkansas Teacher Retirement System’s investments gained a net $240 million in value to total $17.5 billion in the fiscal year that ended June 30, an investment consultant reported Monday to the system’s board of trustees.
General Electric’s move to significantly lower its pension liabilities is simply the latest in a sweeping corporate pivot away from guaranteed retirement benefits.