Pension

CA Pension Fund Faces Crisis After Shunning Guns, Tobacco

California's public pension fund is facing an internal crisis over its past decisions to restrict its investments to socially conscious causes. A report from the Wall Street Journal indicates it is considering pivoting away from its socially conscious divesting to address its increasing budget crisis.

Machinists Cut Out

Union seeks to slash future benefits for workers

machinistOne of the nation's largest union pension funds plans on cutting retirement benefits by 40 percent moving forward despite its overall fiscal health.