The Illinois Municipal League will press lawmakers to support giving local governments more time to hit a 90% funded ratio and lowering the target to 80%.
The town’s board hired a firm to provide investment management services for its pension plan, taking over the duties previously handled by the pension committee.
Global Infrastructure Management has agreed to pay a $4.5 million penalty to settle Securities and Exchange Commission charges involving fees and expenses it passed on to investors in at least two of its funds.
Capital Constellation, the joint venture among leading institutional asset owners in Europe, North America and the Gulf, today announced the addition of a new partner, the New York State Common Retirement Fund.