Six Pennsylvania PSERS Trustees Seek Termination of Executive Director, CIO
The board members are asking that a vote of no confidence be called at Friday’s pension board meeting.
Equities helped boost the investment portfolio’s asset value by more than $60 billion to $254.8 billion.
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Without thoughtful preparation, offloading liabilities can be a costly and time-consuming endeavor.
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes.
The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.