Plan is part of government effort to compensate for aging population.
Treasury unit would allow pension plans to borrow money to remain solvent.
Plan spurs call for strikes at major universities, including Oxford and Cambridge.
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
NCPERS says pensions are resilient and shouldn’t be dismantled if underfunded.
Willis Towers Watson paper says outdated definitions can lead to excess risk, and a skewed investment strategy.
Single-employer program improves as deficit nearly halved to $10.9 billion.
Communication Workers Union says a major industrial relations showdown looks inevitable.
Plans, workers look to recoup billions in “Car Wash” scandal losses.
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Fund in early discussions with China’s Alibaba.
Funded status of 100 largest US corporate pension plans grows to 84.7%.
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.
Coalition calls for less generous plans, but nixes switch to DC.