Retirement
Point where a person ceases employment permanently
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We include updates on National Insurance, Government Pension Fund of Norway, AARP, Employees' Provident Fund Organisation, Order of Lenin, FIRE movement, Caisse de dépôt et placement du Québec, Retired number, Chelsea Pensioner, Blood Order, Trinity study, Territorial Decoration, Financial independence, Armed Forces Reserve Medal, Efficiency Decoration, Senior status ... and more.
November 2023 | The Federal Retirement Thrift Investment Board switched the index for its international fund to exclude investments in companies in Hong Kong and mainland China. |
July 2022 | Federal employees gained the option to invest in mutual funds with holdings in sanctioned Chinese companies. |
June 1 2022 | Accenture Federal Services (AFS) implemented and began managing the Mutual Fund Window (MFW), allowing participants to access additional mutual funds under specific eligibility criteria. |
March 8 2022 | Excluded Li-Ning for human rights abuse. |
December 1 2021 | Carine Smith Ihenacho, the fund's head of Governance and Compliance, announced that portfolio companies will be asked to take more specific action on climate change. |
March 2021 | The Government Pension Fund began examining whether companies in its portfolio had used forced labor from Xinjiang internment camps. |
May 2020 | The United States Department of Labor issued a directive ordering the TSP to halt plans to invest in Chinese stocks. |
November 2019 | U.S. senators Marco Rubio and Jeanne Shaheen introduced the Taxpayers and Savers Protection Act to force divestment from unaudited Chinese companies. |
March 8 2019 | Ministry of Finance recommended divestiture from oil and gas exploration and production holdings, following the 2017 Lofoten Declaration. |
2017 | Ravindra Deo succeeds Gregory Long as executive director. |
2017 | The Federal Retirement Thrift Investment Board made a controversial decision to mirror an index investing in unaudited Chinese companies and companies sanctioned by the U.S. |
2017 | Norway's population reached 5.2 million people, highlighting the context of the Government Pension Fund's significance relative to the country's small population size. |
September 2017 | The fund exceeded US$1 trillion in value for the first time, representing a thirteen-fold increase since 2002. |
2016 | Norges Bank decided to exclude 52 coal companies from the fund. |
2016 | The fund made its first-ever withdrawal in its history. |
September 30 2016 | ST Engineering was reinstated to the Government Pension Fund of Norway. |
September 7 2016 | Excluded Duke Energy and 3 subsidiaries for risk of severe environmental damage. |
2015 | Ravindra Deo joins the FRTIB as Chief Investment Officer. |
May 2015 | Norwegian political members agreed to divest $945 million from coal assets. |
2014 | The fund divested from 53 coal companies worldwide, including 16 in the US, 13 in India, and 3 in China, reducing coal holdings by 5% to $9.7 billion. |
December 2014 | Dongfeng Group was reinstated to the fund. |
May 2014 | The Central Bank governor proposed raising the stock investment rate to 70%. |
March 2014 | A parliamentary panel was appointed to investigate potential divestment of coal assets, with recommendations released in December 2014. |
2013 | In the second quarter, the sovereign fund voted in 6,078 general meetings and 239 shareholder proposals on environmental and social issues, demonstrating increased corporate governance involvement. |
March 2 2013 | United Technologies Corp was reinstated to the fund. |
January 11 2013 | BAE Systems plc, Finmeccanica S.p.A., and FMC Corporation were reinstated to the fund. |
December 6 2011 | The Government Pension Fund of Norway placed Alstom under observation due to risk of gross corruption, signaling the fund's commitment to ethical investment practices. |
September 30 2011 | FMC Corporation was excluded for producing phosphate in the occupied territories of Western Sahara. |
January 2011 | Currency purchasing practice was suspended. |
January 31 2011 | Announcement made that foreign currency purchases would also be suspended in February. |
2010 | The Norwegian government planned to begin investing up to 5 percent of the fund in real estate. |
November 2010 | The fund increased its daily foreign currency purchases to 800 million kroner. |
October 2010 | Government Pension Fund of Norway began spending 600 million Norwegian kroner daily on purchasing foreign currencies. |
January 19 2010 | Ministry of Finance announced the exclusion of 17 tobacco companies from the fund, resulting in a $2 billion divestment - the largest ethical divestment in the fund's history. |
January 19 2010 | Excluded multiple tobacco companies including Altria Group Inc, British American Tobacco Plc, Imperial Tobacco Group Plc, Philip Morris International Inc, and others for tobacco production. |
This contents of the box above is based on material from the Wikipedia articles Federal Retirement Thrift Investment Board & Government Pension Fund of Norway, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.