Newsmakers
Kentucky Gov. Launches Pension Reform Website
In his quest for state pension reform, Gov. Bevin just made it easier to keep the public informed on retirement plan updates.
Tag: Pension
CPPIB to Invest $750 Million in Calpine Corp. Acquisition
The Canadian pension fund is one of many investors in $5.6 billion consortium.
Newsmakers
Three US Pensions Sue Six World Banks
IPERS, OCERS, and SCERS file a class-action lawsuit against Wall Street titans over a stock-lending scandal.
Research
Nearly Two-Thirds of 2016 FDNY Pensions Top $100K
More than 20% of total 15,606 FDNY retirees eligible for six-figure pensions; high retirement benefits attributed to disability-related plan.
Newsmakers
New Zealand Super Fund Shifts Passive Equities to Low Carbon
Fund moves $10.2 billion into eco-friendlier firms, eyes active investments next.
Kentucky Universities Mull Split from State Retirement System
Plan has already gone to Council on Postsecondary Education.
Moody’s: NJ State Lottery Pension Law “Slightly Positive,” More Work Required
Report indicates while the law is a step in the right direction, lottery floor covers 25% of state pension’s ARC.
Research
Virginia Retirement System Sees 12.1% Return for FY 2017
Public, private equities help boost fund to historic high.
CalPERS Flexes its Proxy Muscles
$330 billion system boasts about its influence on corporate governance of public companies.
Newsmakers
Houston, Dallas Pension Reforms Spur Police Retirements
Surge in retirements due to changes that reduced benefits for officers.
Labour, House of Commons: 37 Million to Be Affected by UK Pension Age Increase
More than 56,000 in Prime Minister’s constituency.
Survey Shows Finance Executives’ Top Reasons for Pension Risk Transfer
72% of respondents likely to transfer additional liabilities in the future.
Milliman: Corporate Pension Funded Status Rises $4 Billion in July
Funded ratio sees little movement in the first seven months of 2017.
TPR Shames Trustees Who Shirk Duties
UK regulator publicly names non-compliant pensions trustees.