Newsmakers
Employees Retirement System of Texas Lowers Expectations
Board of trustees votes to cut expected rate of return to 7.5%.
News
Newsmakers
Oregon Task Force Pension Proposals Could Affect Oregonian Bank Accounts
In order to reduce Oregon PERS’ pension deficit, Governor Kate Brown to look at a series of out-of-the-box options.
Ball Transfers Pension Liabilities to Prudential Annuity
Move will reduce the company’s pension obligation by $220 million.
Research
Louisiana State Employees’ Retirement System Returns 15.8%
Gains push fund’s total asset value to more than $11 billion.
Kentucky Teachers’ Pension Gains 15.37%
Performance places TRS in top 8% of large pension funds.
Research
Illinois’ Teacher Pension Plans Favor White, Affluent Students
Report says pension plans deepen school funding inequities.
Newsmakers
Finland’s Varma Mutual Pulls US Stocks in Response to Trump’s Performance
Fixed-income durations shortened using derivatives to prep for high interest rates.
Celadon Financial’s Philanthropy Division Teams with American Red Cross, Global Impact for Hurricane Harvey Relief
Caritas Partners willing to donate 50% of equity, option trade, “step-out” transaction commissions.
Seven-Year Streak of Falling Corporate DC Plan Fees Ends
NEPC report says fees didn’t decline for the first time since 2010.
Gov. Rauner Blocks “Double Dipping” Police Retirees With New Pension Bill
Various loopholes could neutralize objective.
Newsmakers
Chilean Candidate Proposes New Pension Plan
To reform the nation’s privatized plan, Beatriz Sanchez suggests new social security-style system.
Research
Florida State Pension Plan Returns 13.77%
Every asset class outperformed its benchmark, except private equity.
Multi-Employer Pensions Divided Between Haves, Have Nots
Reports take half-empty, half-full view of pension funding.
Research
Norway’s Sovereign Wealth Fund Returns 2.6% in Q2
Fund reports best half-year return in Norwegian kroner in its history.
Public Employees Overwhelmingly Choose Pensions Over 401(k)s
Survey also finds workers in defined contribution plans earn lower returns than those in defined benefit plans.