Plan is part of government effort to compensate for aging population.
Payments to be automatically processed during 2017 holiday season.
New appointee previously served the Council between 1996 and 2004.
Treasury unit would allow pension plans to borrow money to remain solvent.
Plan spurs call for strikes at major universities, including Oxford and Cambridge.
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
NCPERS says pensions are resilient and shouldn’t be dismantled if underfunded.
Willis Towers Watson paper says outdated definitions can lead to excess risk, and a skewed investment strategy.
Switch will decrease government’s exposure to shock vulnerability, bank says.