Asset allocation for the six plans has shifted toward alts and away from US equities over the past decade.
A new report debunks the ‘myth’ that an 80% funded level means a plan is in good health.
However, a task force says a local tax increase could eliminate the need to reduce the number of city workers.
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.
As Bruce Cundick leaves the Utah plan, new CIO John Skjervem joins from Alan Biller and Associates.
The ride-sharing firm’s plan will be provided by NOW: Pensions and managed by Adecco.
Scott Stringer also taps Eneasz Kądziela to oversee city pension funds’ $18 billion private equity portfolio.