A federal lawsuit challenging Texas’ anti-ESG (environmental, social, and governance) laws could be copied by plaintiffs in other states. That’s according to an attorney with Ropes & Gray who told Responsible Investor that “the same basic false premise” is baked into the investment boycott laws of several states. That federal litigation, filed by the American…
Almost half of U.S. households could fall short of what they need for retirement, according to a report from the Morningstar Center for Retirement and Policy Studies. It’s further evidence of what many experts have been calling a looming retirement crisis in America. The oldest members of Generation X — people born between 1965 and…
State legislators and regulators eager to steer investment advisers’ decisions involving environmental, social, and governance (ESG) factors in pensions and public finance are finding stiff resistance in state and federal courts. A state judge in Oklahoma is considering a final judgment against that state’s anti-ESG laws, having already put them on hold after finding those…
In retirement planning, the fundamental things apply In a time with international financial markets rumbling, American retirees depend even more on sensible, nonpolitical investing. Of course, basing pension and retirement decisions on fiduciary principles is the idea – whether the markets are smooth or choppy. Pension managers and their investment advisors should always be focused…
Among the goals of the Alliance for Prosperity and a Secure Retirement (APSR) is getting politics out of public pensions. In an extended interview with Capitol Account, Tim Hill, retired firefighter and current president of APSR, said elected officials’ aggressive focus on using public pensions to further their own political beliefs in the broader environmental,…
Recent reports show the youngest baby boomers who are now entering their 60’s have not fared as well as older individuals in the same generation when it comes to retirement planning and security. The post-war baby boomer generation includes those born between 1946 and 1964, and while they populate the same generation, significant differences separate…
Last week, Oklahoma Judge Sheila Stinson permanently stopped the enforcement of the Oklahoma Energy Discrimination Elimination Act (EDEA). You can read coverage on it from OK Energy Today here. This is great news for Oklahoma retirees. It stops – pending an appeal – a law that could have cost the Oklahoma Public Employee Retirement System…
Building the financial foundation for a secure retirement is particularly hard for people in underserved communities and with lower incomes. It’s also tough for public employees who can’t get all of the components of the classic “three-legged stool” of retirement: personal savings, Social Security, and a pension. At a recent lunch briefing hosted by the…
Economists and business leaders are talking about inflation and recession. Political uncertainty is rising in anticipation of the presidential election in November. Investment experts are warily watching the future of Social Security, personal savings rates, and the shrinking number of workers with pensions. Most Americans – even those who think they’re properly prepared for retirement…
As a follower of the Alliance, you have seen evidence of the retirement crisis in the United States. Not only do Americans widely believe there is a crisis, but hard evidence also shows that many are not prepared to meet the costs of living day-to-day after they have stopped working. We know there are gaps…
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