CalPERS Employee Tests Negative For Coronavirus
Good news is overshadowed by market reactions to the coronavirus pandemic that have cost the largest US pension plan more than $50 billion.
Pensions
Exclusive: CalPERS Separates Board From Public Due to Virus Concerns
Starting Monday, spectators will be confined to the pension plan’s auditorium with directors in a separate room, six feet away from one other.
NY State Pension, Coca-Cola Reach Executive Pay Deal
Beverage giant promises to bring CEO, employee compensation more in alignment.
Public Pension Funding Ratio Hits Three-Year High in Q4 2019
But market volatility caused by the coronavirus threatens to erase some of the gains.
Australian Pension Merger Trend Continues
First State Super and WA Super announce they’ve begun merger talks.
Pennsylvania SERS Returns 18.8% in 2019
$30.9 billion fund also earmarks $500 million in new investments.
Norway’s Pension Fund Rakes in Record $180 Billion Return for 2019
Norges Bank Investment Management also deliberates eight candidates for CEO job.
Multiemployer Pension Funding Reaches Pre-Financial Crisis Levels
Double-digit asset gains boost aggregate funded ratio to 85% in 2019.
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.
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.