Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than US$1 million, according to a report from CalMatters. The pay increase for the fiscal year is being attributed to a $667,320 bonus approved by the administrative board, which Frost will […]
When two U.S. banks failed this month, among the investors who lost millions were U.S. public sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. Since the pension funds are diversified investors whose holdings in Silicon Valley Bank and Signature Bank were small portions of their portfolios, experts aren’t […]