Northwestern professor says annuities could have helped avoid the crisis.
Amber Rudd said new type of pension should ‘deliver improved investment returns.’
Dimensional Fund Advisors is the latest manager to be fired by the SFERS board due to performance issues for two of its investment strategies.
Indexes now make up a bit more than one-third of funds, but will reach 50% in two years, the agency says.
As defined benefit plans shrink, supplemental plans are growing – but full participation may be hard to achieve without automatic enrollment.
Incentive payout for 2018 was lowest amount in the past five years.