CalPERS Staff Pushes for Quick Replacement of Infrastructure Consultant StepStone
Former infrastructure consultant, real estate consultant named as potential immediate replacements.
Newsmakers
TPR to Prosecute Firm for Not Providing Pensions
Manchester bus company and managing director could face unlimited fine.
Canadian Institutional Investors Seek More Women on Boards
Groups call for boards and executives to be at least 30% women in less than five years.
India’s National Pension Scheme Raises Entry Age Limit to 65
Currently, only 15% to16% of workers are covered by system.
Brazilian Planning Minister Demands Government Put Pension Reform First
Corruption scandal, 2018 general elections causing distractions for lawmakers.
Northern Trust’s McDonald: Outlook Remains Positive
Continued strength from the equities market may be the most consistent return-driver allocators can hope for.
Romanian Prime Minister Suggests Making Private Pension Plan Optional
Government could change gears on recent pension considerations.
Royal Mail Workers May Strike Over Pension
Union ballots more than 100,000 workers, recommending they endorse industrial action.
British Airways Announces Proposals to Close NAPS Pension
Closure would protect existing benefits, but unions express “dismay and bitter disappointment.”
AWE Employees Agree to Settle Pension Dispute
Workers end industrial action for what union calls ‘best possible deal available.’
Baltimore Council Votes Unanimously to End “Double-Dipping” Policy
New bill will take effect next month.
Ascension Health to Guarantee $29.5 Million in Pensions Following “Church Plan” Lawsuit
Payments will come from Ascension if the Wheaton Franciscan plan can’t cover them.
MOSERS Offers Lump-sum Payment Option to 17,000 Former Employees
Program could save $7 million per year for the fund.
Alabama Bill Seeks to Revive Deferred Retirement Program
Proposed legislation would benefit teachers and state employees missing out on cost-of-living raises.