North Carolina Lowers Assumed Rate of Return for State Pensions to 6.5%
Investment rate cut is the third made by the state in the past four years.
Pensions
Public Pensions Increasingly Rely on Investment Earnings
NCPERS study finds public retirement systems derive 71% of revenue from investment returns.
Rhode Island Pension Fund Beats Benchmark with 11.9% Return in 2020
Portfolio gains roughly $876 million in last two months of year to raise asset value to a record $9.5 billion.
New Jersey Pension Fund Misses Benchmark with 10.75% Return in 2020
Portfolio returns 14.81% in first half of fiscal 2021 as asset value rises to $84.6 billion.
Canadian Pensions, Pooled Funds End 2020 on High Note
Robust equities spurred a market rebound that provided a strong fourth quarter for retirement plans.
New York City Mulls Lowering Investment Return Targets to 6.8%
A reduction would help the pension system better match projected investment returns.
Two NYC Pension Funds Divesting $4 Billion from Oil Companies
The move from the largest funds under the $239.8 billion New York City Retirement Systems follows a commitment made in 2018.
Ontario Teachers’ Joins Net-Zero Climate Pledge for 2050
The Canadian pension fund will establish defined portfolio targets in the coming months.
Indiana Roofers Pension Applies to Treasury for Benefits Cuts
Trustees of Roofers Local No. 88 propose a 10% reduction in benefits across the board.
US Public Pensions’ Funded Ratio Soars to Record in Q4
The number of plans with funded levels above 90% nearly doubled during the final quarter of 2020.
Democrats Introduce Bill to Protect Pensions, Expand PGBC’s Power
Proposed legislation would create PBGC partition program and end ability to seek benefits cuts under MPRA.
Vermont Treasurer Calls for Pension Cuts for State Employees, Teachers
Workers would take on up to 78% of the increase in liabilities and 88% of the contribution increases.
General Electric Proposes Freezing UK Pension Plans
Move would affect 2,800 employees in two defined benefit plans starting in 2022.
Outlook Improves for Multiemployer Reform in 2021, 2022
Democratic control of Congress could help break the deadlock over passing legislation to protect pensions and the PBGC.
NYC Comptroller Calls for SEC to Investigate Tyson
The Empire State’s pension system is mounting investor pressure against the poultry giant, which has been criticized for its pandemic safety practices in its plants.