Multi-Employer Pensions Divided Between Haves, Have Nots
Reports take half-empty, half-full view of pension funding.
Tag: Pension
Public Employees Overwhelmingly Choose Pensions Over 401(k)s
Survey also finds workers in defined contribution plans earn lower returns than those in defined benefit plans.
Research
Connecticut Unfunded Pension Liabilities Miscalculated, Report Says
Cause linked to unreported debt, unrealistic return expectations.
Newsmakers
Puerto Rico Produces New Pension Plan
Law approved without public hearings, retiree input.
NCR Announces 2017 Lump-Sum Pension Offer
Company to make voluntary offer available to 7,000 eligible participants.
Fidelity: UK Pensioners Face 46% Lower Income Than Before ’07 Crash
“Important not to abandon hope,” associate director says.
Newsmakers
RI Hospital Workers’ Pension Fund Placed in Receivership
Fund participants could see a 40% cut in benefits across the board.
CalPERS Champions Board Diversity Campaign Across 500+ US Companies
Requests each company develop and disclose policies, implement plans.
Newsmakers
Kentucky League of Cities Urges CERS, KRS Split
Despite double-digit returns for KRS, coalition is one of 23 groups calling for the separation.
TPR to Prosecute Chappell for Failing to Give BHS Sale Info
BHS owner to face charges of neglecting or refusing to provide information.
Newsmakers
Ohio PERS Considers Cutting COLA for Retirees
System floats idea of basing COLA on CPI, capped at 3%.
Newsmakers
Texts and Emails to Be Added to UK Pension Cold-Calling Ban
Since April 2014, pensioners have lost an estimated £43 million to cons.
Research
Connecticut Liabilities Outpace Asset Growth
Liabilities more than double in 10 years, while assets gain 28%.
TPR Anti-Avoidance Hearing Heads to Upper Tribunal for First Time
Regulator wants to force ITV to fund plan with £90 million deficit.
Newsmakers
New Mexico’s Two Largest Public Pensions Could See Benefit Reforms
Despite double-digit returns, the systems aren’t out of the woods yet.