Private and public sector defined benefit pension fund payments added $224.3 billion in tax revenue in the period, according to the National Institute on Retirement Security.
The Employees’ Retirement System of Rhode Island is searching for an investment consultant, while the City of Austin Employees’ Retirement System seeks a private markets consultant.
Premiums for plan years beginning in 2025 will generally be due one month earlier than provided in the PBGC’s payment of premiums regulation.
The pension risk transfer will cover 8,000 beneficiaries and could set the stage for a record-setting year in transaction volume.
NBIM takes a 45% interest in a 48-building U.S. portfolio, while the Canadian Pension Plan separately divested from a real estate joint venture in China.