Southampton University Is Closing Its DB Plan for Future Non-Teaching Members
Contributions may increase for existing beneficiaries.
News
Insolvency Looms Larger for PBGC Multiemployer Program
Projections now show a 90% chance the program will run out of money in seven years.
Illinois OKs $423 Million Pension Bond Buyout, but Its Debt is Growing too Fast
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
Minnesota Signs Bipartisan Pension Reform into Law
New law eliminates $3.4 billion in liabilities to stabilize state’s public pension plans.
Report: Australia’s Superannuation an ‘Unlucky Lottery’ for Many
Government assessment finds structural flaws, ‘entrenched underperformance.’
Romania’s Mandatory Private Pension Becomes Optional
Labor minister says everyone should have a choice concerning Pillar II.
Rhode Island Supreme Court Upholds Pension Cuts
Court rules that suspension of cost-of-living adjustments was ‘fair.’
UK Pension Watchdog Head to Step Down in February
Chief executive had faced criticism from parliamentary committees of her handling of BHS and Carillion crises.
Exclusive: New Connecticut CIO Leaves after 10 Days
Sean Crawford, former CIO of New York’s MTA, has ‘departed’ the fund.
Ontario Teachers, CalPERS-Led Team Backs SEC Study of Stock Trading Fees
Plan targets stock exchange practice that asset managers say leads to higher prices for investors like them.
Ireland Launches Public Consultation on State Pension
Government seeks advice in helping design new Total Contributions Approach.
McKesson to Close Long-Frozen US DB Plan
Company is planning $55 million contribution to its worldwide pension plans in fiscal 2019.
Most UK Pensions Taking Steps to Manage Climate Risk
However, some funds are ‘worryingly complacent’ says Parliamentary committee.
US Retirement Systems ‘More Vulnerable Than Ever’
Report says New Jersey, Colorado pensions risk insolvency without intervention.
Minimizing the Endowment Tax
Goldman Sachs offers strategies universities can use to reduce the effect of the new endowment tax.