Early in March, the Government tabled before Parliament, the Public Service Pensions Fund Bill, 2023, that will see salaries of public servants deducted and kept into a special fund. Mary Karugaba ...

The California Public Employees’ Retirement System, or CalPERS, the nation’s largest state pension fund, experienced a 6.1% investment loss in the fiscal year that ended June 30.

The Public Service Superannuation Scheme (PSSS) fund value has hit a record Sh142.2 billion in three years of its operation, solidifying its position as the second-biggest pension scheme after the ...

Many public pension funds across the U.S. are underfunded, sometimes seriously so, which leads them to take risks to try to catch up. That doesn’t always work out, and the risk extends not just to the ...

This comes after Parliament on February 25, 2025, approved the Public Service Pension Fund Bill 2024, which will see public servants contribute 5% of their salaries to the public pension scheme.

When pension fund executives are in the civil service system, compensation packages are often not competitive with the private sector. As a result, the fiduciary board does not have the ability to ...

A spokesperson for the Treasury Board said that as of March 31, the Public Service Pension Fund’s total actuarial value of assets was C$186 billion.

At the end of November, it was reported that the Public Service Pension Fund had a $1.9 billion “non-permitted surplus” as of March 31, 2024. The fund’s total assets were valued at $186 billion.

Some government employers are exploiting the peculiar rules of public finance to transfer public assets or cash from clever deals to their pension funds. But there’s risk to taxpayers when it ...

The country’s largest public pension fund, the California Public Employees’ Retirement System, known as CalPERS, took a tiny stake in 2017 in Riot Blockchain that grew to over $1.9 million by ...