Pensions
Canadian DB Plans Rebound in 2019, Return 14%
Strong comeback from 2018 losses provides second-highest return in 10 years.
Tag: pension plan
Regulation
NJ Pension Fund Trustee Sentenced for Embezzling over $360K
Founder and trustee of a vending machine company’s pension sentenced to two and a half years in federal prison.
Asset Allocation
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Pensions
Chilean President Pitches Reform in Wake of Deadly Pension Protests
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
Risk
Ohio’s State Pension Slashes Healthcare Benefits amid Insolvency Concerns Threat
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Asset Allocation
S&P Aggregate Pension Funded Status Rose in November
Level rises to 85.8% for corporate plan funding, Aon says.
Newsmakers
New Mexico Governor Backs Linking Pension COLAs to Investment Performance
Plan aims to eliminate the state retirement system’s $6.6 billion unfunded liability.
Risk
UK Pension Lifeboat to Protect Thomas Cook Pension
Plan participants will likely see reduced benefits after the 178-year-old travel firm collapse
Asset Allocation
HSBC UK Pension Plan to Invest $328 Million in Renewables
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
Funded Ratio for Corporate Pensions Hits 10-Year High
The 100 largest company pension plans gained $21 billion in September.
Research
SOA: 2021 Smoothing Stoppage Calls for Forward-Thinking Initiatives
Although smoothing rates suggest single-employer pension plans have been fine, future restrictions could cause issues.
British Airways Loses Lawsuit Against Pension Trustees
Judge rules pension was within right to add discretionary increases.
Judge Upholds Tax to Fund Jacksonville, Florida Pension
City can move ahead with pension plan changes to relieve debt problem.
Royal Mail Pension Trustees Agree to Changes
Board “reluctantly” agrees to close sections of the pension plan.
Labor Department Investigates 3M Pension Plan
Inquiry relates to private equity investments, expenses, securities lending, and distributions of benefits.