Aon Launches Hurricane Harvey Flood Insurance Product
Each risk to contain policy terms up to one year.
Newsmakers
South Carolina Lawmakers Contemplating Additional Pension Reforms
New 401(k)-style plans heavily discussed in first-time legislative off-season meeting.
Employees Retirement System of Texas Lowers Expectations
Board of trustees votes to cut expected rate of return to 7.5%.
Oregon Task Force Pension Proposals Could Affect Oregonian Bank Accounts
In order to reduce Oregon PERS’ pension deficit, Governor Kate Brown to look at a series of out-of-the-box options.
Ball Transfers Pension Liabilities to Prudential Annuity
Move will reduce the company’s pension obligation by $220 million.
Finland’s Varma Mutual Pulls US Stocks in Response to Trump’s Performance
Fixed-income durations shortened using derivatives to prep for high interest rates.
Celadon Financial’s Philanthropy Division Teams with American Red Cross, Global Impact for Hurricane Harvey Relief
Caritas Partners willing to donate 50% of equity, option trade, “step-out” transaction commissions.
Gov. Rauner Blocks “Double Dipping” Police Retirees With New Pension Bill
Various loopholes could neutralize objective.
Chilean Candidate Proposes New Pension Plan
To reform the nation’s privatized plan, Beatriz Sanchez suggests new social security-style system.
NCR Announces 2017 Lump-Sum Pension Offer
Company to make voluntary offer available to 7,000 eligible participants.
RI Hospital Workers’ Pension Fund Placed in Receivership
Fund participants could see a 40% cut in benefits across the board.
CalPERS Champions Board Diversity Campaign Across 500+ US Companies
Requests each company develop and disclose policies, implement plans.
Kentucky League of Cities Urges CERS, KRS Split
Despite double-digit returns for KRS, coalition is one of 23 groups calling for the separation.