Asset Management Culture
Interrogation: Brian Pellegrino
What he’s considering after announcing a plan freeze and making a $2.3 billion contribution as UPS explores LDI.
News
Asset Management Culture
Interrogation: Bob Hunkeler
His thoughts on date triggers, derivatives, and International Paper’s $1 billion debt offering to fund its DB plan.
In-Depth: What to Expect from 2018 PBGC Premiums, Mortality Rates
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Report: Public Pension Plans Consistently Meet Obligations
NCPERS says pensions are resilient and shouldn’t be dismantled if underfunded.
Redefining the Defined Benefit Lexicon
Willis Towers Watson paper says outdated definitions can lead to excess risk, and a skewed investment strategy.
Newsmakers
Norges Bank Calls for Gas, Oil Stock Removal from GPFG Benchmark
Switch will decrease government’s exposure to shock vulnerability, bank says.
PBGC Multiemployer Program Deficit Grows to $65.1 Billion
Single-employer program improves as deficit nearly halved to $10.9 billion.
Union Members Urged to Reject BT Pension Proposals
Communication Workers Union says a major industrial relations showdown looks inevitable.
Newsmakers
Brazil’s Three Largest Pensions Join Petrobas Lawsuit
Plans, workers look to recoup billions in “Car Wash” scandal losses.
Regulation
Kentucky Calls for Redo of TRS Pension Bill Analysis
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
CalPERS Stakeholders Argue for Status Quo
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Asset Allocation
Malaysia’s KWAP Seeks to Raise Foreign Portfolio to 15%
Fund in early discussions with China’s Alibaba.
Asset Allocation
OMERS Private Equity to Buy Majority Stake in Trescal
Deal is OMERS Private Equity’s first France-based investment.
Research
Corporate Pensions’ Funded Level Rises $32 Billion in Two Months
Funded status of 100 largest US corporate pension plans grows to 84.7%.