Romanian Prime Minister Suggests Making Private Pension Plan Optional
Government could change gears on recent pension considerations.
Newsmakers
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.
PBGC to Provide Furniture Workers’ Plan Early Financial Assistance
Approval is the first under the Multiemployer Pension Reform Act of 2014.
“Historic” Chicago Education Funding Reform Signed
SB 1947 to provide relief for cash-strapped school districts as well as employee retirements.
Treasurer Mistake Causes Dead Woman to Receive $73K in Postmortem Pensions
An unreported death cost Wilmington, Delaware, 20 years’ worth of unnecessary spousal benefit payments.
NY State Employer Pension Contribution Rates to Drop
Comptroller says strong investment returns are keeping rates stable.
Six Biggest Banks Band Together to Build Bitcoin Competitor
The new “utility settlement coin” to operate under blockchain technology.
Romania May Lower Private Pension Contributions
Government considers redirecting private pension funds into state pensions.
CIO Announces Innovation Awards Finalists
8th Annual Innovation Awards nominees list was honed by asset owners and consultants representing $1.2 trillion in assets under management.