Judge Dismisses Trader Joe’s ERISA Lawsuit
Court ruling shoots down five allegations of breach of fiduciary duty.
News
State Pension Funding Drop to Lowest Level in 30 Years, Wilshire Says
Public plans were 62.6% funded in the first quarter after the coronavirus wiped out 12.2 percentage points.
CIO Wins Top Honors as Brand of the Year
Ai-cio.com wins ‘Overall Editorial Excellence’ award for the second year in a row.
New Jersey Likely to Cut Pension Contributions, S&P Global Says
The credit ratings agency downgraded the state one notch, to A-, and gave it a negative outlook.
Public Pension Fund Debt Expected to Reach ‘All-Time High’
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
Canadian Defined Benefit Plans Have Worst Quarter in 12 Years
RBC and Northern Trust report plans lost 7.1%, the steepest drop since 2008.
Judges Reject Dallas Retirees’ Push to Restore Lump-Sum Payouts
Federal appeals court ruling is boon to ailing police and firefighters’ pension system.
Wells Fargo Predicts 10-Year T-Note Will Rise Above 1%
Now at a 0.63% yield, the benchmark bond should move up due to better economic and virus news, says bank’s strategist.
Oxford University Bans Fossil Fuel Investments
The endowment’s allocation to the energy sector has already been significantly reduced to 2.6% of its portfolio.
Corporate Pension Funding Ratios Nearly Flat in 2019 Despite 17.3% Returns
Plunging discount rates offset second-largest investment return in 20 years.
University of Texas Endowment Oil Money In Jeopardy
Top official of university organization that manages mineral rights for the endowment calls for Texas oil production cuts.
Bad Breadth: 5 Giants’ Market Dominance Is a Grim Sign, Goldman Says
History shows that the lofty status of Microsoft and its tech peers could lead to a deep market rout, the firm warns.
Japan’s GPIF Seeking Active and Passive Managers for Foreign Bonds
The giant pension fund seeks to diversify away from low-yield Japanese bonds.
COVID-19 Layoffs Can Mean PBGC Reporting Obligations
PBGC monitors workforce reductions, so plan sponsors must be vigilant.
New York Pension Fund to Supplement Federal Small Business Loans
The state hardest hit by the coronavirus is bolstering relief efforts.