PR Gov. Rossello to Present Rogue Fiscal Plan Thursday
Proposal will defy board-requested revisions to PR pension system in favor of governor’s original concepts.
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Louisiana Proposes Pension Reform Bill
Bill would raise retirement age and add defined contribution element to state pension plans.
CPPIB Adds $1 Billion to Energy Portfolio
Fund acquires NextEra project portfolio, and boosts ReNew Power stake to garnish Ostro Energy deal.
UK Employers Support Pension Contribution Increase
Report also shows that the majority of employers are upholding auto-enrollment duties.
Institutional Investors ‘Somewhat Concerned’ US Could Enter Bear Market in Next Two Years
The closely watched Commonfund survey also shows investors are bullish on emerging markets but anticipate US underperformance.
FTSE 100 DB Plan Deficits Fall 32% in 2017
However, figure ‘masks the materially worse funding position likely to be reported.’
Kentucky Passes Surprise Pension Reform that Was Inserted into a Sewage Services Bill
State’s attorney general says bill violates law, plans to sue when signed by governor.
CalSTRS Vexed over Plan Aimed to Promote Diversity Among Fund Managers
CIO aims to fix program that hired young, female, and minority managers, whose returns are sub-par.
Pennsylvania SERS Returns 15.1% in 2017
System gains $3.9 billion to reach total assets of $29.3 billion.
Colorado Senate Passes Pension Reform Bill
Proposed changes aimed at eliminating the unfunded liabilities of the state’s pension plans.
Standards and Professionalism Outrank Returns in Trust-Based Survey
Surveyed investors prefer advice from human interaction versus AI, whereas tech is preferred as strategy tool.
Alaska Fund Reminds Lawmakers It’s Not a Piggy Bank
State House bill proposes to more than double the fund’s dividend in 2019.
Outraged Puerto Rico Gov. Clashes with Oversight Board, Yanks His Plan
Panel, seeking pension cuts, could unilaterally impose its own fiscal blueprint if stand-off continues.
Minnesota Senate Unanimously Approves Pension Bill
Reform backers say proposal would produce $3.4 billion in immediate savings.