Rate Cuts Unlikely to Affect PRT Market in Short Term
Funds are more sensitive to long-term rates, upon which the Federal Reserve’s action will have little impact.
Pensions
Seesaw Markets Force NYSLRS to Raise Employer Contribution Rates
‘Volatility in investment income translates into volatility in employer contributions,’ according to the chief actuary at the New York State and Local Retirement System.
CDPQ Acquires $546M Stake in Ohio Electric Utility
The Quebec pension fund’s indirect equity investment in AES Ohio is expected to close in the first half of 2025.
China to Raise Retirement Age, Starting in 2025
The new limits are aimed at stretching retirement resources to support the increasingly aged population.
Kentucky Pension System Returns 10.7% in Fiscal 2024
The KPPA’s assets rose $3 billion to $26.9 billion.
IPOPIF Seeks Private Markets Consultant
The $10.8 billion Illinois Police Officers’ Pension' Investment Fund is expanding its allocation to alternatives.
Corporate Pension Funded Status Mixed in August
Some trackers saw their first decline in funded status in months, during a 'tumultuous' month for equities.
CPP Investments Makes Additional C$532M Commitment to Brazilian Water Company
The Canadian pension fund previously owned a 61.4% stake in Iguá Saneamento.
Connecticut Pension Achieves 11.5% Return in Fiscal 2024
Assets of the state's pension system grew to $7.9 billion.
PSP Investments Highlights Sustainability Progress in Report
The pension fund reported C$64.9 billion in green assets in fiscal 2024, according to its latest sustainability report.
Public Pensions See Growth, Diversification in the Private Markets
Panelists at the Council of Institutional Investors' 2024 Fall Conference discuss how their allocations to alternatives have evolved since the global financial crisis.
IBM Secures $6B Pension Risk Transfer With Prudential
The latest deal follows the company closing its defined contribution plan in 2023 in favor of a cash-balance pension plan and an earlier $16 billion PRT.
US Defined Contribution Plans Need to Cover More Workers, Says TIAA
The study also suggested that workers should be required to join 401(k)s and other retirement programs.
Pennsylvania SERS Retains Empower, Aims to Save $1.4M per Year Under New Contract
According to the pension fund, changes under the new contract mean the financial services firm will have ‘some skin in the game.’
CDPQ, FTQ Invest $424M in Québec Energy Provider
The financing will assist Énergir in developing renewable energy projects.