Newsmakers
Brazil’s President Temer Seeks Votes for Pension Reform
Taps House speaker Maia to strategize bill, which would increase minimum age for pensions and cut benefits.
Tag: Pension
Pennsylvania SERS Reports 6.5% Return in 2016
Steps being made to successfully implement new law that moves new employees into hybrid pension plan.
World’s Largest Pension Fund Reports 3.5% Increase in Q1
Largest gains point to domestic, foreign equities.
Newsmakers
AZ Reps Urge Voters to Change State Constitution for Pension Reforms
Finds issues with PSPRS’ DROP system, looming statewide crisis.
Newsmakers
UK Court Rules in Favor of IBM
Dismisses High Court’s 2015 ruling that said Project Waltz breached contractual duty with employees.
PBGC: Multiemployer Pension Insurance Insolvent by 2026
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.
NYC Public Pension System Preliminaries Show 12.95% Return
Including 2017, compound rate of return is 7.4% over the last four years.
Corporate Moves
CalSTRS Deputy CIO To Retire After 27-Year Run
Michelle Cunningham was also the fund’s first internal investment officer.
Research
Pension Plan Funding Sputters in 2016
Report finds growth of liabilities is outpacing asset growth.
Research
Rising Pension Age Hits Women’s Savings in UK
1.1 million fewer women are receiving a state pension due to an increase in pension age.
CT Officials Pass Pension Concession Labor Pact
The state seeks to close a $5.1 billion shortfall in two years.
Wilshire: US Corporate Pensions Up 1% in July
Funded ratio sees first increase since March.
Gov. Rauner Issues Amendatory Veto to Illinois’ Senate Bill 1
Urges General Assembly to make “historic changes” to state education funding.
Universities Superannuation Pension Reports 20.1% Return
However, liabilities outpaced investments, increasing the fund’s deficit.
eVestment: Public Pension Plans Gravitating to Real Assets, Private Equity
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.