Fitch Revises Down Public Pension Discount Rate, Cites Slow Growth
On average, 1% drop in investment return assumption will bring about 11% increase in total pension liabilities.
News
Vermont Bill Creates Retirement Plan for Small Businesses
Volunteer program is aimed at companies with 50 or fewer employees.
Canadian Province Strikes Deal to Protect Paper Mill Pension
Company uses hydroelectricity plant assets to guarantee letter of credit.
UK Pension Fraud, Error Declines Slightly
The rate of overpayments, underpayments on pension credit edges lower from last year.
Canada’s PSP Investments Opens European Hub
London-based team will focus on private equity, private debt, infrastructure, and real estate.
Wilshire Consulting: Corporate Pensions Drop Slightly in May, Maintain 6% YTD Increase
The global advisory company points to an increase in liability values to explain May’s -0.2% fall.
Ex-Sterne Agee Executive Pleads Guilty to Pension Fund Bribes
“Pay-to-play” scheme lavished NYSCRF pension fund director with entertainment, travel, and meals.
Private Real Asset Funds on Par with ESG Investments
Report finds investments in timber, real estate, and infrastructure often align with social impact goals.
Census Bureau: Public Pension Funds’ Investment Earnings Down 67%
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.
Comptroller Stringer Creates New Working Group in Quest for Greater Diversity Gains
Positive M/WBE data drives success for NYC pension funds.
Pension Funds Oppose Mylan Board, Compensation Plan
Four pension funds say the drug maker has “reached new lows in corporate stewardship.”
BT Mulls Asset Deal to Address Pension Debt
Telecommunications giant considers alternative approaches to making only cash payments.
Louisiana Pension Influence Growing
Survey finds state pensions pay more than $4 billion in benefits to 164,000 retirees every year.
Kentucky Pensions Could Face Insolvency in Five Years
Audit report finds state faces funding shortfall of $33 billion.
Institutional Investors to Boost ESG Investments
North American investors lag behind Asia and Europe in ESG investing.