Because of changes in actuarial math, Minnesota's pension system was transformed from one of the best funded state systems in 2016 to the seventh worst.
The action by the trustees of the $51 billion Employees Retirement System, known as NYCERS, may signal a growing willingness among public pensions to pull their money from these investment vehicles.
The gains, however, are less than the annual investment returns of 7.5 percent to 8 percent that many state and local governments count on to pay benefits for teachers, police and other employees.
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"uri": "/2019/02/14/illinois-for-sale-state-explores-ways-to-pay-down-pension-debts/",
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"summary": "No state is struggling more with its retirement obligations than Illinois, but the steps it's exploring aren't unprecedented.",
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"uri": "/2018/11/02/nyc-owes-over-100b-for-retiree-health-care/",
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"summary": "The city's $98 billion unfunded liability for retiree health care exceeds its $48 billion pension-fund shortfall.",
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"summary": "The GOP challenger says the would ban investments in expensive private-equity and hedge funds.",
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"title": "Your future retirement home: On the campus where you spent your student loans",
"byline": "Martin Z. Braun",
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"summary": "This SUNY college is the latest to capitalize on the demand from retirees to live near or at universities.",
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"uri": "/2018/06/04/public-pensions-gorge-on-private-debt-in-quest-for/",
"title": "Public pensions gorge on private debt in quest for big returns",
"byline": " Martin Z. Braun ",
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"summary": "Direct loans are predominantly floating rate, making them attractive to investors such as pension funds, if interest rates rise.",
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"uri": "/2017/09/01/new-math-deals-minnesotas-pensions-the-biggest-hit/",
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"summary": "Because of changes in actuarial math, Minnesota's pension system was transformed from one of the best funded state systems in 2016 to the seventh worst.",
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"summary": "Connecticuts pensions had less than half the assets needed to pay its $63.7 billion of pension promises, according to the most recent audited figures.",
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"summary": "The action by the trustees of the $51 billion Employees Retirement System, known as NYCERS, may signal a growing willingness among public pensions to pull their money from these investment vehicles.",
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{
"uri": "/2015/10/15/state-pension-funding-levels-improve-except-in-the/",
"title": "State pension funding levels improve, except in these states",
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"prettyDate": "October 15, 2015",
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"summary": "Broad numbers mask big differences in the health of public pensions between states.",
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"uri": "/2015/02/09/public-pensions-return-6-8-in-2014/",
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