Ohio Pension Fund Sues Facebook, Meta For Misleading Public About Negative Effects, AlgorithmsOhio’s largest public employee pension fund has sued Facebook, alleging that it broke federal securities law by purposely misleading the public about the negative effects of its social platforms and algorithms.
California Pension Fund Return Beats Investment Earnings TargetThe nation's largest public employee pension system beat its investment earnings target last year for the second consecutive time.
CalPERS Board Votes To Raise Cost Of Pensions For State WorkersThe surging stock market is doing wonders for 401k plans, but a pension fund that millions of Californians count on has been losing an enormous amount of money.
California Sues Morgan Stanley, Alleges 'Culture Of Greed And Deception'California's public pension funds suffered major losses due to misrepresentations made by Morgan Stanley, a lawsuit filed Friday claims.
California Teachers' Pension Fund Moves To Divest From Gun MakersThe nation’s largest teacher pension fund is taking the first step toward divesting from companies that manufacture guns and high-capacity ammunition magazines that are illegal in California.
CalPERS Reports Dismal 1 Percent ReturnThe nation’s largest public pension fund reported a dismal 1 percent return on its investments, a figure far short of projections that will likely add pressure on California’s state and local governments to contribute more.