Tata Steel Nearing Divorce from Pension
Deal to separate its pension plan from its business is imminent.
Newsmakers
Comptroller Stringer Responds to Reports that Wells Fargo’s Sanger Will Step Down
In the wake of an auto insurance scandal, Stringer feels the board has more work to do.
C.A.R. Objects to Freddie Mac’s Plans to Guarantee Single-Family Rentals
The GSE is looking into providing financing for investors interested in buying single-family homes to provide affordable rentals.
PA SERS Praised by Dept. of Auditor General After Year-Long Investigation
Policies lauded for governance, portfolio management.
Northstar Aerospace Workers Occupy Plant Over Pension Cuts
Union says workers could face a 24% reduction to their income.
Kentucky Gov. Hints Tax Reform May Take Back Seat to Pension Issues
Tells WEKU he must “focus first on the pension issue.”
SMUD to Power 50% of CalPERS Electricity Via SolarShares Program
20-year agreement to help demonstrate the program’s greenhouse gas reduction opportunities, cost-effectiveness.
Hartford HealthCare Increases Allocations to Private Strats
Searches for niche opportunities within emerging markets.
Valvoline to Make $400 Million Pension Contribution
Company launches debt offering to raise funds for pension.
Brazil’s President Temer Seeks Votes for Pension Reform
Taps House speaker Maia to strategize bill, which would increase minimum age for pensions and cut benefits.
CalSTRS Praises S&P Dow Jones Multi-Class Shares Decision
Dow Jones’ decision made after committee’s market reviews, consultation responses.
AZ Reps Urge Voters to Change State Constitution for Pension Reforms
Finds issues with PSPRS’ DROP system, looming statewide crisis.
UK Court Rules in Favor of IBM
Dismisses High Court’s 2015 ruling that said Project Waltz breached contractual duty with employees.
Deadline Extended to Nominate Most Innovative CIOs, Best Asset Managers of 2017
Deadline extended until Tuesday evening.
CT Officials Pass Pension Concession Labor Pact
The state seeks to close a $5.1 billion shortfall in two years.