The C$23.3 billion pension fund’s active management has outperformed its benchmark by 1.5% annually.
The $3.7 billion strategy works with local specialists to target stocks in emerging market countries and regions.
State law requires a 2% COLA unless it would impair the fiscal integrity of the retirement system.
Corporations are increasingly evaluating de-risking options for their pension funds, while also adding risk to their portfolios.
Delta Air Lines CIO Jonathan Glidden offers a peek into the internal debates.
Solutions could include consideration of plan design and lifetime income options for plan sponsors and participants.
