Louisiana Pension System Gets Cold Feet on Creation of New Plan
Treasurer laments system’s decision, unhappy with detracting governor.
Newsmakers
Court Battle Begins over New Kentucky Pension Change
Democratic AG seeks to overturn GOP-passed measure that would move teachers into a hybrid retirement plan.
Royal Bank of Scotland to Make $5 Billion in Pension Contributions
CFO calls decision an ‘an important milestone.’
N.J. Seeks Retirees Owed Money by MetLife
More than 1,000 residents were not paid because the company said it couldn’t find them.
UCU Members Accept UUK Offer
Although strikes are now suspended, legal mandates will stay live until pension scheme recognizes agreement.
CalPERS Likely to Reject Diversity Engagement Targets
State treasurer requested fund define a diverse board as at least 30% women.
Pension Bridge: Texas, Idaho Systems Consider Lowering Return Assumptions
The two public pensions systems would be the latest among dozens that have lowered return expectations in the last 12 months.
Texas Teachers Is Moving Expansion Plan Forward
Guthrie says increasing the team will be a “hard sell” to legislature.
South Korea’s NPS Ends Samsung Trading After “Fat Finger” Folly
Samsung investigating internal systems and controls, promises to compensate investors.
CalSTRS Takes a Hard Stance on Facebook’s Governance
A privacy scandal leads to a harsh reprimand for social media network from the mega pension fund.
Gov. Rossello Makes Good on Fiscal Plan Promise
Although proposed labor reforms and pension cuts were excluded, Puerto Rico's board may still impose its own plan.
SEC Hits Founder of Fintech Start-Up Mozido with Major Fraud Filing
Liberty had been released from federal prison in January following campaign contribution activities.
Comptroller DiNapoli Presses Pollutants on Paris Agreement Goals
NYS Common pulls shareholder requests after DTE Energy, Dominion Energy, and Southwestern Energy comply.
British Airways Closes Pension Plans
Closes one pension to future accruals and another to future contributions.