Michigan Governor’s Task Force Proposes 4 Priority Reforms
Urges for better reporting and transparency, creation of local government pension/stress test system.
Newsmakers
Advocacy Groups Call for Funds to Divest from Owner of Trump SoHo Hotel
The legal groups claim investment money violates President Trump’s fixed salary mandate.
Emory University CIO to Retire
Mary Cahill to step down after more than 16 years in the role, and search for replacement is launched.
Ontario Teachers’ Buys Mémora Funeral Services Company
Deal also made with Ontario Municipal Retirement System’s infrastructure arm to sell British rail link.
FedEx, Kroger to Contribute $1 Billion Each to DB Plans
FedEx’s 2017 pension contribution is more than triple that of 2015 and 2016 combined.
Illinois Gov. Rauner Can’t Legally Veto Pension Reform Bill, CPS Says
Governor demands Senate Bill 1 be placed on his desk immediately.
Robert “Vince” Smith Joins Innovation Awards Board
Award nominations close in less than three weeks.
CIO of National Pension Service, Third-Largest Pension Fund, Resigns
In the aftermath of a scandal, South Korea’s National Pension Service loses CIO Myoun-Wook Kang.
CIO’s Transition Manager Survey Open
Our annual online questionnaire seeks to find the year’s most outstanding transition managers.
JP Morgan’s Dimon Criticizes US Policies During Earnings Call
The Chase CEO says he is “almost embarrassed” to be a US citizen.
New Michigan Plan Looms as Gov. Snyder Signs Senate Bill 401
The new law will shift current retirement plans to a new DC hybrid.
UK Supreme Court Upholds Pension Benefits for Same-Sex Couples
High Court says it is discriminatory to treat same-sex partners less favorably than an opposite-sex spouse.
Chase’s Dimon Concerned EU can “Dictate” Job Locations in Wake of Brexit
CEO says Brussels may wield too much influence, and also warns Fed may unwind QE too fast.
UK Automatic Enrollment Surpasses 8 Million Mark
Every week, tens of thousands are joining workplace pensions through automatic enrollment.
UK BMW Workers Accept Revised Pensions Deal
New offer more than triples payments proposed in rejected offer.