Lower Discount Rate, Longer Life Expectancies Burden Caterpillar Pension Plan
Despite healthy growth of 7.8%, company took mark-to-market loss of $985 million on pension plan.
Newsmakers
Chinese Lead Asian Overseas Real Estate Investment
New York overtook London as the most favored metro area in 2016.
A Trigger For Infrastructure Investing
President Trump's plans spur asset owner interest in the category's steady, long-term returns, but investment difficulties remain.
Florida Supreme Court Rules Against Miami’s Unilateral Cuts to Police Pension
Court rules city’s Public Employees Relations Commission (PERC) overstepped bounds.
Unfunded Liabilities of Largest Pension Plans in U.S. Increase, While Assets Rise
The biggest force affecting the underfunding was interest rates.
Teamsters Local 707 Pension Fund Dries Up, Receives PBGC Lifeline
42% of the fund’s retirees and beneficiaries have had their benefits reduced by more than half of their promised benefits.
Trump’s Speech Sparks Short-Term Market Optimism Without Offering Specifics
If policies don't materialize, investors predict headwinds a year from now.
Ray Dalio Steps Down from Co-CEO of Bridgewater
Dalio, who oversees the assets of the world's largest hedge fund, will become co-CIO.
BrightScope Releases Annual Ranking of Top 30 401(k) Plans
Newcomer to list takes top spot.
Saginaw County Faces Unanticipated Rise in Pension Funding Contribution
County disappointed with estimates that require it to step in with another $4.5 million for the 2017-2018 fiscal year.
Chinese Pension Funds Begin Investing in Equities, Bonds
The decision is a fundamental change in the way China’s pension funds are managed.
Pension Gender Gap Creates $59,000 Shortfall for Women
Study finds that since 2013, women have received, on average, 1% of their salary less in employer pension contributions each year.
Dallas Police and Fire Pension Board Approves Rescue Plan
The plan, something of a poster child for America’s struggling pension funds, includes a normal retirement age of 58, with an early retirement age of 53, as well as a benefit multiplier of 2.5%.
The Pace of Trump’s Policy Agenda – Three Big ‘Ifs’
Three conditions that could change PIMCO's outlook.
Milwaukee County Pension Fund Head Resigns Amid Overpayment Problem
County supervisor pushing to merge the county pension into the state system.