Census Bureau: Public Pension Funds’ Investment Earnings Down 67%
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.
News
Comptroller Stringer Creates New Working Group in Quest for Greater Diversity Gains
Positive M/WBE data drives success for NYC pension funds.
Pension Funds Oppose Mylan Board, Compensation Plan
Four pension funds say the drug maker has “reached new lows in corporate stewardship.”
BT Mulls Asset Deal to Address Pension Debt
Telecommunications giant considers alternative approaches to making only cash payments.
Research
Louisiana Pension Influence Growing
Survey finds state pensions pay more than $4 billion in benefits to 164,000 retirees every year.
Newsmakers
Kentucky Pensions Could Face Insolvency in Five Years
Audit report finds state faces funding shortfall of $33 billion.
Asset Allocation
Institutional Investors to Boost ESG Investments
North American investors lag behind Asia and Europe in ESG investing.
Research
EY: Power & Utilities Sector M&A Interest at 7-Year High
89% of survey respondents expect their deal pipelines to either stay steady or rise in the next 12 months.
Research
NCPERS Study Highlights Economic Costs of Doing Away with DB Plans
Criticism of public pensions is based on faulty logic, group says.
CalPERS, Exxon Shareholders Celebrate Big Win for Climate Change Reporting
Proposal #12 passes in a 62.3% proxy vote by Exxon Mobil shareowners.
Risk
Eight Largest Pension Systems Will Have $400 Trillion Gap by 2050
World Economic Forum warns of “imperiling the incomes of future generations.”
Regulation
Treasury Rejects Benefits Cuts for Automotive Industries Pension Plan
Fund faulted for using assumptions that contradicted its own information.
Pennsylvania Watchdog Slams ‘Unfair’ Pension Fees
The state’s Public School Employees’ Retirement System says the returns justify the fees.
Risk
Sears Transfers Pension Liabilities to MetLife in “De-risking” Move
Beginning August 1, 51,000 participants will receive benefit payments from MetLife.
Newsmakers
CalPERS Urges Exxon Shareowners Vote “Yay” on Climate Change Proxy May 31
Proposal #12 looks to enhance reporting on impact of oil and gas reserves under 2-degree target and review long-term impacts.