Asset Allocation
Record Returns Spur NY to Cut Assumed Return Rate to Below 6%
Employer contributions are also being reduced, while COLAs will be increased.
Tag: COLA
Pensions
Ohio Retired Teachers Association Sues Ohio STRS for Transparency
The group says the $80 billion pension fund refuses to turn over public documents it needs to conduct an audit.
Pensions
Illinois Governor Signs Chicago Firefighters’ Pension Bill into Law
Critics say it will more than double the city’s annual pension costs to $30 million.
Newsmakers
Vermont Pension Reform Plan Blasted by State Teachers, Workers
Proposal would require public employees to contribute more, work longer, and earn less.
Asset Allocation
Exclusive Coverage: CIOs Assess How Pension Fund Investors Can Be Successful After COVID-19
Better governance, flexibility, and clever investment strategies and solutions can prepare pension funds for the future, plan leaders say.
Pensions
COLA Freeze Removed from Pension Bailout Plan
American Rescue Plan Act amendment from Chuck Schumer removes cost-of-living adjustment freeze.
Pensions
Public Pensions Increasingly Rely on Investment Earnings
NCPERS study finds public retirement systems derive 71% of revenue from investment returns.
Pensions
Vermont Treasurer Calls for Pension Cuts for State Employees, Teachers
Workers would take on up to 78% of the increase in liabilities and 88% of the contribution increases.
Research
Milwaukee Could Learn a Thing or Two from Wisconsin’s Healthy Pension
Research from Wisconsin Policy Forum dissects the disparities between the state’s three largest pensions and lessons to be learned from its best.
Newsmakers
New Mexico Pension Reform Breezes Through State Senate
Bill proposes $76 million infusion from state, as well as sweeping contribution and COLA changes.
Pensions
Georgia Teachers Win Big in Bill Meant to Help Retirement System’s Insolvency Woes
Legislation mandating stiff rules on state educators is scaled back after consistent opposition.
Asset Management Culture
US Supreme Court Declines to Review Cranston Pension Case
Rhode Island city had been sued for suspending police, firefighter COLAs.
Risk
Ohio Public Pension Seeks Legislative Approval to Reduce COLAs
Cuts are expected to save pension an estimated $3.44 billion.
Newsmakers
Rhode Island Supreme Court Upholds Cranston Pension Cuts
High court reluctantly rejects challenge to 10-year suspension of COLAs.
Regulation
New Mexico Considers New Solvency Proposal
Proposes three-year suspension on COLA adjustments to help attain 100% funded status by 2043.