Risk
UK Regulator Approves Hoover Pension Deal
Vacuum cleaner maker will contribute £60 million to fund.
Tag: Pension
Research
IMF Urges Millennials to Prepare for ‘Pension Shock’
Young workers will have to work longer and save more than previous generations.
Regulation
Houston Firefighters File Lawsuit to Block Pension Reform
Pension fund claims bill violates the Texas state constitution.
Risk
Canadian Province Strikes Deal to Protect Paper Mill Pension
Company uses hydroelectricity plant assets to guarantee letter of credit.
Research
UK Pension Fraud, Error Declines Slightly
The rate of overpayments, underpayments on pension credit edges lower from last year.
Newsmakers
Kentucky Pensions Could Face Insolvency in Five Years
Audit report finds state faces funding shortfall of $33 billion.
Research
NCPERS Study Highlights Economic Costs of Doing Away with DB Plans
Criticism of public pensions is based on faulty logic, group says.
Regulation
Treasury Rejects Benefits Cuts for Automotive Industries Pension Plan
Fund faulted for using assumptions that contradicted its own information.
CPPIB Reaches C$316.7 Billion in FY 2017 – One of Largest Increases of the Fund
Annual return of 11.8% matches five-year average.
Rhode Island Approves Assumption Changes
Treasury says lowering investment, inflation assumptions will avoid $500 million shortfall.
Texas Legislature Passes Houston Pension Reform
Houston firefighters’ pension opposes the bill, and is considering legal action.
NY Teamsters Pension Fund Reapplies for Benefits Cuts
New application raises return assumptions and lowers proposed reductions.
Illinois State, House Introduce Pension Reform Legislation
Bills include provisions for shifting to defined contribution from defined benefit plans.
Increased Pension Funding Comes at Expense of Higher Education
Report says pension cost increases tied to education cuts, calls for states to reprioritize pension reform.
Gap Between Rich, Poor Multiemployer Plans Widens
Report finds that healthy plans funding has risen, while critical plans have not.