All articles tagged with #retirement system
Oregon's pension and retirement system has sold off some of its major holdings, including stocks from chipmakers Nvidia and Intel, as well as automakers Ford and GM.
Texas lawmakers are pushing to eliminate a loophole that allows long-serving legislators to increase their annual pay by $140,000 by dipping into their pension while continuing to draw a state salary. However, the bill would "grandfather" in lawmakers who have already opted into the benefit from the Texas Employees Retirement System. The double-dipping provision was introduced in the final days of the 2021 session into pension legislation that was aimed at tackling a $15 billion hole in the Employees Retirement System.