Rhode Island Pension Plan Holds Down Losses Thanks to Treasuries, Algorithms
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
Pensions
Goldman Sachs Estimates Public Pensions Now Less than 60% Funded on Average
Senior Pension Strategist Michael Moran says local government spending limits will stymie funding levels.
US Corporate Pension Funded Ratio, Risk Transfer Costs Decline in April
Falling discount rates strike again, negating the market rebound for corporate DB plans.
Exclusive: Oklahoma Police Pension Employees Return to Office
Staff members will follow sanitation and social distancing protocols required by the state, the executive director said.
Public Pensions Plans Decline Over 13% in First Quarter
Wilshire TUCS says quarterly performance is worst in 40 years of tracking public plans.
Oklahoma Lawmakers Squelch Veto on Siphoning Pension Money
Legislature overrules governor’s objection to using retirement funds to meet current expenses.
Norway to Withdraw Record Amount from Sovereign Wealth Fund
Economic downturn forces government to take out over $37 billion.
Senators Urge Pelosi to Include Pension Fix in Next Stimulus Package
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.
California Pension Spiking Case Nears End in Court Showdown
Public sector workers want to strike down a provision that stops them from winning higher benefits in retirement.
Public Pensions Could Suffer for Years from Pandemic Losses
Employers will have to increase contributions unless markets rebound sharply, says S&P.
Alaska Permanent Fund Contemplates a New Dalio-Backed Gold Allocation
The new allocation would provide the portfolio with a new risk-mitigating asset class, citing the support of Bridgewater Associates’ Ray Dalio.
Denver Retirees Ordered to Return $11 Million in Benefits
A local investigation found overpayments ranging from $3,000 to $3 million to be recouped.
Public Pension Fund Debt Expected to Reach ‘All-Time High’
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
Canadian Defined Benefit Plans Have Worst Quarter in 12 Years
RBC and Northern Trust report plans lost 7.1%, the steepest drop since 2008.
Judges Reject Dallas Retirees’ Push to Restore Lump-Sum Payouts
Federal appeals court ruling is boon to ailing police and firefighters’ pension system.