Houston, Dallas Pension Reforms Spur Police Retirements
Surge in retirements due to changes that reduced benefits for officers.
Newsmakers
TPR Shames Trustees Who Shirk Duties
UK regulator publicly names non-compliant pensions trustees.
Danish Pension Firms Launch Africa Fund
Companies commit $550 million to fund focusing on infrastructure in Africa.
PA Auditor General Calls for Further Fee Cuts at SERS
$178 million reduction in investment fees since 2007 is not enough.
Illinois Senate Rejects Gov. Rauner’s Veto in 38-19 Override
Pension reform bill now goes to Illinois House, requires three-fifths majority vote.
Canada’s Largest Pension Fund Hits $326.5 Billion at Q1 Fiscal 2018
“Significant uplift” from global equity markets, strengthening Canadian dollar.
Breaking News: Tata Steel Signs RAA to Detach Pension
British Steel Pension Scheme will receive £550 million and 33% equity stake in company.
Tata Steel Nearing Divorce from Pension
Deal to separate its pension plan from its business is imminent.
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.