Pensions -

Shumlin urges fossil fuel divestment as oil stocks rebound

By   /  April 20, 2016  /  Energy and Environment, News, Pensions, Vermont  /  No Comments

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Gov. Peter Shumlin is calling for divestment on the heels of another coal company bankruptcy, but oil and gas stocks are up sharply this year, and California’s reversal on tobacco divestment suggests that “selling low” might not be sound investment advice for state pensions.

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VPIC chair: Money managers recommend more energy stocks for Vermont pension fund

By   /  March 22, 2016  /  Energy and Environment, News, Pensions, Vermont  /  No Comments

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VPIC Chair Thomas Golonka says top holdings in the Vermont state pension fund contain fossil fuel-related stocks, and that money managers recommend increasing — not decreasing — energy investments.

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Vermont pension committee chair: Divestment ‘very difficult to do’

By   /  March 17, 2016  /  News, Pensions, Vermont  /  No Comments

Photo by Ben Yount

In the first of this two-part interview, Tom Golonka, chair of the Vermont Pension Investment Committee, discusses the complexities and costs of fossil fuel divestment, as well as who should pay for it.

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Shumlin divestment agenda could affect captive insurance companies

By   /  March 3, 2016  /  Accountability, Energy and Environment, Issues, News, Pensions, Vermont  /  No Comments

Photo by Bruce Parker

Vermont’s divestment fight has focused on the wisdom of shuffling assets in the state’s pension fund, but some observers say Gov. Peter Shumlin’s agenda could have consequences for Vermont’s captive insurance industry as well.

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Illinois considering lump-sum pension buyouts

By   /  March 1, 2016  /  Illinois, Pensions  /  No Comments

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Illinois is considering lump sum payouts to state workers to reduce the state’s unfunded pension liabilities.

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State pension agency contends it doesn’t use taxpayer money

By   /  March 1, 2016  /  Budget and Spending, Colorado, News, Pensions, State Budgets, State Government, Taxes  /  No Comments

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State pension officials are using tortured logic to contend they are not funded with taxpayer dollars.

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