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Court Of Appeal Ends Decade-Long Dispute And Upholds Board's Fiduciary Decisions Regarding Funding Of Retirement System - Employee Benefits & Compensation

In the AHS decision, the Court upheld the ACERA Board's fiduciary authority and discretion to maintain its longstanding Percentage of Payroll methodology for funding the retirement system. ....

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Fresno County Employees Retirement Association (Fresno County Employees Retirement Association) - Public Pension, United States

Fresno County Employees Retirement Association (Fresno County Employees Retirement Association) is a Public Pension located in Fresno, CA United States, North America, and was founded in 1944. Current Assets for Fresno County Employees Retirement Association is $6,148,167,000 and SWFI has 8 periods of historical assets, , 7 Opportunities/RFPs, 3 personal contacts available for CSV Export. ....

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Searches and hires decline in Q2, but large mandates still up for grabs

The number of searches for the second quarter of 2023 decreased to 109 from 147 in the prior quarter, with 45% for service providers, followed by 36.7% for traditional managers and 15.6% for alternatives. Hiring activity declined to $58.4 billion from $69.6 billion in the previous quarter. Alternative hires totaled $41.5 billion, a slight increase from $39.9 billion in the prior quarter, partially offsetting a 11% decline in traditional hires. ....

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Second Appellate District of California Court of Appeal Upholds Constitutionality of Felony Forfeiture Statute | Nossaman LLP

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As the public pension community in California is well aware, on July 30, 2020, the California Supreme Court issued its landmark decision on vested rights and the constitutionality of legislative changes to public retirement statutes in
Alameda County Deputy Sheriff s Association, et al. v. Alameda County Employees Retirement Association, et al. (State Of California) (2020) 9 Cal.5th 1032 (“
Alameda”). See our eAlert from July 31, 2020.
Soon after issuing
Alameda, the Court dismissed two other petitions for review and sent the two felony forfeiture cases back to the courts of appeal with directions. One of the remanded felony forfeiture cases was ....

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