Tag: pension plan
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Level rises to 85.8% for corporate plan funding, Aon says.
Plan aims to eliminate the state retirement system’s $6.6 billion unfunded liability.
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
The 100 largest company pension plans gained $21 billion in September.
Although smoothing rates suggest single-employer pension plans have been fine, future restrictions could cause issues.
Judge rules pension was within right to add discretionary increases.
City can move ahead with pension plan changes to relieve debt problem.
Board “reluctantly” agrees to close sections of the pension plan.
Inquiry relates to private equity investments, expenses, securities lending, and distributions of benefits.