The funded ratio for the 100 largest public funds dropped to less than 73%, while corporate plans rose to 110%.
Tag: Pension Plan
Despite the steep loss, CEO Morten Nilsson says there is ‘no worsening’ in the plan’s funding position.
The Miami pensions call the bank’s failure to prevent massive error ‘deliberately reckless.’
Rising bond yields more than offset investment losses to reduce pension liabilities.
Poor discipline, an inability to reform, and demographics at public safety officer pensions could hurt municipalities’ credit.
Margaret Brown, a frequent critic of investment staff and the board, is up for re-election—and some of her peers are supporting her opponent.
Consulting firm October Three says lawyers will likely set their sights on MEPs.
Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.
CIOs to Speak on Survival of the Fittest, the K-Shaped Recovery, Private Equity, and Private Credit March 16 and 17
Register now to attend four not-to-miss panels.
Investors argued that they should get some of the government contributions to the insolvent retirement program.
The bankrupt newspaper chain’s retirement obligations propelled it into Chapter 11, but the new owner, hedge fund Chatham, will get a clean slate.
The CIO is in her first year on the job and was on track to meet her target. Then the coronavirus crashed markets.
Research from Wisconsin Policy Forum dissects the disparities between the state’s three largest pensions and lessons to be learned from its best.
Founder and trustee of a vending machine company’s pension sentenced to two and a half years in federal prison.