Ontario Employees Pension Returns 11.9% in 2019
Public equity returns of more than 20% help boost OMERS’ total asset value to C$109 billion.
Pensions
Ontario Teachers’ Strikes Gold in Flexible Natural Resources Deal
OTPP and New Gold Inc. trade instant capital for free cash flows from a gold mine, with the option to convert to ownership.
Seeking a ‘Path Toward Stability’ for Health Care, TRS Switches Administrators
The change will save the troubled medical benefits programs $754 million over the next five years.
Canadian DB Plans Rebound in 2019, Return 14%
Strong comeback from 2018 losses provides second-highest return in 10 years.
NYC Teamsters Pension Reapplies for Benefits Cuts
Local 807 Labor-Management Pension Fund participants could see average benefit reduction of 21%.
Canada Pension Plan Investment Board Posted Lackluster 3.6% Return in Third Quarter
Pension giant increases its net asset value to $318 billion.
UK Universities Launch Largest Strike in History over ‘Radical Changes’ to Pension Plan
University staff start 14 days of strikes at more than 70 campuses.
Ex-NBA Player Says He Was Denied COLAs in Pension Case
Former Houston Rockets team member Zaid Abdul-Aziz is entitled to additional benefits for the rest of his life, suit says.
Mississippi PERS Names New CIO After Seven-Month Search
Retirement system names Robert Clark to manage the $29.6 billion portfolio.
Will the Election Make the Stock Market Volatile?
One-third of investors in poll expect choppy prices as 2020 rolls on.
New Mexico Pension Reform Breezes Through State Senate
Bill proposes $76 million infusion from state, as well as sweeping contribution and COLA changes.
Trump Wants $26 Billion Premium Hike for PBGC Multiemployer Plan
White House wants new variable-rate premium, saying that would help stave off insolvency for 20 years.
Japan’s Government Pension Fund Returns 4.61% in Fiscal Q3
World’s largest pension fund’s asset value rises to $1.54 trillion.
Kentucky Lawmakers to Make Honorable Transfer into Depleted State Retirement System
Legislators convene to align their interests with that of their constituents under the state’s ailing pension system.
Tumbling Discount Rates Eat Away at Funded Ratios
Despite $14 billion investment gain in January, falling rates cause US corporate pension deficits to balloon.