Public Pension Fund Returns Remain Positive in Fiscal 2025, Despite Tariff Stumble
For the one-year period that ended June 30, April’s market downturn might not even be visible, but funds may miss their benchmarks, according to Equable.
Pensions
OTPP Acquires Portfolio of Spanish Dentist Offices
The Ontario Teachers’ Pension Plan’s $1.17 billion acquisition of the Donte Group includes 426 dental clinics.
Funded Status of U.S. Corporate Pension Plans Rose Again in June
Aggregate surpluses rose to $114 billion in June from $102 billion in May, Mercer reports.
CalPERS Reports 11.6% Return in Fiscal 2025
Private equity delivered double-digit returns for America’s largest pension.
Ontario Teachers’ Pension Departs Airport Business
The pension fund sold its stakes in the five airports it owned in multiple transactions spanning fewer than three months.
UK Plumbing Pension Picks WTW as OCIO for $1.63B Plan
The Plumbing and Mechanical Services Industry Pension Scheme aims to eventually offload its liabilities to an insurer.
Ohio Legislators Reshape Teachers’ Pension Board Structure
According to the recently passed state budget, teachers will see their representation on the State Teachers’ Retirement System of Ohio’s board slashed to three from a majority of seven by 2028, following years of governance conflict.
Apollo-, Athene-Backed Athora to Acquire PRT Provider Pension Insurance Corp.
The $7.78 billion acquisition of the U.K.-based defined benefit insurer will create a group with $158 billion in assets.
NC State Legislation Moves Sole Pension Investment Decisions Away From Treasurer
The newly created North Carolina Investment Authority’s five-member board will oversee all investment activities for the state’s retirement system.
Asset Gains for 100 Largest Public Pensions Surge $98B in May; PRT Costs Decline
Funded levels for the plans rose to 81.1% during the month.
Oregon Passes Bill to Manage Climate Change Risks
The legislation, which awaits the governor’s signature, calls for boosting investments in clean energy.
Largest Corporate Pension Plans Add $22B in May
The funded status of the 100 largest corporate defined benefit pension plans continued rebounding from Q1 drop.
PSP Investments Returns 12.6% in Fiscal 2025
The assets of the Canadian Public Sector Pension outperformed its benchmark and rose to $220 billion.
Half of DB Sponsors Plan to Stay in the ‘Pension Ecosystem’
As funding levels have improved, corporate finance officials are looking instead at plan design and risk management options, Mercer research found.
LACERA Fraudster Charged With Grand Theft, Conflict of Interest
Carmelo Marquez is accused of awarding $120,000 worth of IT contracts from the Los Angeles County Employees Retirement Association to a company he owned.