Iceland’s Retirement System Leads Global Rankings
A report finds the gender gap continues to persist in every retirement system in the world.
Pensions
Ohio Teachers Pension Faces Special Audit Over Scathing Report
The state auditor says the information supports ‘a reasonable basis’ for conducting a probe of the retirement system.
Ohio Pension Systems Report Robust Returns for Fiscal 2021
Asset allocation for the six plans has shifted toward alts and away from US equities over the past decade.
You Can’t Judge a Pension by Its Funded Level
A new report debunks the ‘myth’ that an 80% funded level means a plan is in good health.
Pension Costs Could Force Milwaukee to Lay Off 24% of Workforce
However, a task force says a local tax increase could eliminate the need to reduce the number of city workers.
Plan Sponsors Look to Drop Liabilities Like Bad Habits
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.
Longtime URS Chief Investment Officer Retires; Replacement Named
As Bruce Cundick leaves the Utah plan, new CIO John Skjervem joins from Alan Biller and Associates.
CPPIB Loses International Head, Acquires US Marine Terminal
Alain Carrier leaves the Canadian pension giant after 14 years to lead private equity firm Bregal Investments.
Austin Pension Fund Seeks New CIO
The $3.4 billion City of Austin Employees’ Retirement System has launched a search to replace David Veal.
Uber to Begin Rolling Out Pensions to 70,000 UK Drivers
The ride-sharing firm’s plan will be provided by NOW: Pensions and managed by Adecco.
Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.
Lawmakers Propose Portable Retirement Accounts Bill
The PRIA Act is intended to help Americans avoid losing retirement funds when changing jobs.
UK Task Force Provides Recommendations to Boost Pensions’ Voting Powers
British pensions investing in pooled funds currently have no right to vote on issues such as climate change, diversity, or pay.
Virginia Retirement System Pays Out $7.85 Million in Incentives to Investment Staff
The state pension fund credits an actively managed portfolio for this fiscal year’s 27.5% investment return.
State Pensions Reach Highest Funded Level in 13 Years
US public employee pension plans are projected to be more than 80% funded on average.