Move is expected to eliminate mandatory pension funding through 2021.
The senator also says passing SB 226 could help the state’s police fund.
New report predicts UK market’s APE to reach £17.5 billion by 2021.
If Senate Bill 401 passes, hybrid plans would get a 7% contribution state and schools.
The district says the loan “creates sufficient cash” in order to fulfill pension obligations.
Teachers union says “back-room deal” would increase financial risk for new hires without improving funding.
Move means plan contributions, PBGC premiums may rise.
Comptroller says alleged abuses and human rights violations made the investment both immoral and risky.
Vacuum cleaner maker will contribute £60 million to fund.
On average, 1% drop in investment return assumption will bring about 11% increase in total pension liabilities.
Company uses hydroelectricity plant assets to guarantee letter of credit.
World Economic Forum warns of “imperiling the incomes of future generations.”
Beginning August 1, 51,000 participants will receive benefit payments from MetLife.
School district is required to pay pension fund $716 million by June 30.
Actuarial note estimates that the proposed legislation would reduce employer contributions through 2050.