US Corporate Pension Plans’ Funded Ratios Fell 4 Points in February
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
Corporate debt could hit ‘wall of maturity’ in a few years, Morningstar panelists say.
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
Borrowing to fund plans is trending with liability driven investing.
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.
Blames regents for ‘policy flip flop’ and ‘political gamesmanship.’
Report cites empty promises from Social Security, DB programs as the cause.
Raises $1.1 billion from foundations, endowments, public and private pensions, and sovereign wealth funds.