Tag: pension funds

Missouri Withdraws Half a Billion Worth of Pension Funds from BlackRock’s Control

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Missouri State Treasurer Scott Fitzpatrick announced on Tuesday that the state’s pension fund is selling all of its assets that are managed by BlackRock, a move that will divest up to $500 million from the asset manager.

The Missouri State Employees’ Retirement System (MOSERS) is withdrawing its assets from BlackRock’s control because the state believes that the company is using its control of pension funds to push a “left-wing” agenda as opposed to making money for its clients, according to a press release. Missouri joins several other Republican-run states that have also pulled funds from BlackRock for similar reasons.

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Connecticut Pension Funds to Benefit from $2.8 Billion Transfer

The Center Square

A historical payment is headed to Connecticut’s pension plan.

State Comptroller Natalie Braswell is in the process of transferring $3.1 billion from the state’s operating surplus into the rainy day fund, triggering a one-time, special payment of $2.8 billion into the state’s unfunded pension liabilities, Gov. Ned Lamont said.

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