Redefining the Defined Benefit Lexicon
Willis Towers Watson paper says outdated definitions can lead to excess risk, and a skewed investment strategy.
News
Norges Bank Calls for Gas, Oil Stock Removal from GPFG Benchmark
Switch will decrease government’s exposure to shock vulnerability, bank says.
PBGC Multiemployer Program Deficit Grows to $65.1 Billion
Single-employer program improves as deficit nearly halved to $10.9 billion.
Union Members Urged to Reject BT Pension Proposals
Communication Workers Union says a major industrial relations showdown looks inevitable.
Brazil’s Three Largest Pensions Join Petrobas Lawsuit
Plans, workers look to recoup billions in “Car Wash” scandal losses.
Kentucky Calls for Redo of TRS Pension Bill Analysis
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
CalPERS Stakeholders Argue for Status Quo
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Malaysia’s KWAP Seeks to Raise Foreign Portfolio to 15%
Fund in early discussions with China’s Alibaba.
OMERS Private Equity to Buy Majority Stake in Trescal
Deal is OMERS Private Equity’s first France-based investment.
Corporate Pensions’ Funded Level Rises $32 Billion in Two Months
Funded status of 100 largest US corporate pension plans grows to 84.7%.
CalPERS Mulls Fixed-Income Future
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.
Kentucky Education Groups Offer Alternative Pension Reform Plan
Coalition calls for less generous plans, but nixes switch to DC.
Florida’s State Pension Votes to Sue Valeant over Losses
State board of administration alleges it lost $62 million due to fraud.
CIO Announces Consultant of the Year Finalists
Winner to be announced during December 7 awards gala following CIO’s Influential Investors forum.