Dean and Patty Dennis worked in Ohio schools for 30 years, paying into a state pension plan. Then the pension stopped giving them cost-of-living increases.
Emerging bond markets are increasingly moving into the focus of investors. But not all of them will benefit equally from the recovery after the Coronavirus crisis.
The Arkansas Teacher Retirement System’s investments increased last quarter by $783 million in value to total $20.2 billion, an investment consultant reported Monday.
U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters.
PSERS says eight staffers have hired fund-paid lawyers to represent them as the FBI investigates the plan. PSERS will pay up to $40 million in legal bills in any one year for staffers.