Kentucky Lawmakers Override Pension Bill Veto
Law, opposed by governor, is allowed to stand, requiring teachers to contribute more and work longer before earning benefits.
Pensions
Study Suggests There Is No Imminent Public Pension Crisis
Reforms enacted by many plans will cause benefit cash flows to decline significantly, paper finds.
Vermont Pension Reform Plan Blasted by State Teachers, Workers
Proposal would require public employees to contribute more, work longer, and earn less.
Single-Employer Plans Can Lower Target Returns to 4% and 5%
Under the pension relief bill, allocators can aggressively de-risk corporate funds, says Insight Investment.
Pennsylvania PSERS Hires Law Firms to Probe Reporting Error
‘Misstatement’ in 2020 financial reporting could lead to increase in teachers’ pension contributions.
Exclusive Coverage: CIOs Assess How Pension Fund Investors Can Be Successful After COVID-19
Better governance, flexibility, and clever investment strategies and solutions can prepare pension funds for the future, plan leaders say.
AIF Institute Launches Center for ESG, Sustainable Investing
BlackRock, Natixis Investment Managers will serve as founding faculty members.
QSuper, Sunsuper to Form $155 Billion Australian Superannuation Fund
The deal will create one of the most significant mergers of its kind, the plans say.
CAAT Pension Plan Names Asif Haque CIO
Julie Cays, current CIO of the C$13.5 billion pension plan, will retire at the end of April.
US Corporate Pension Funded Ratio Climbs to 92.9% in February
Despite weak returns, funded levels rise for the fifth consecutive month.
CalPERS Rejects Reinvesting in Tobacco Again
Pension plan’s investment committee votes down a second attempt from member Jason Perez to reverse its 20-year-old ban.
Controversy Still Follows CalPERS’ CIO Resignation
More than a half-year after Ben Meng resigned, a lawsuit and pending pension system policy decisions are bringing his departure back into the limelight.
Nest Commits $350 Million to Octopus Renewables for Green Infrastructure
‘We want to invest in the energy of the future, not the past,’ says CIO Mark Fawcett.
COLA Freeze Removed from Pension Bailout Plan
American Rescue Plan Act amendment from Chuck Schumer removes cost-of-living adjustment freeze.
Aviva Targets Net-Zero Carbon by 2040
UK financial service firm’s environmental targets exceed Paris Agreement guidelines.