Asset Management Culture
New York Does Not Expect to Meet 6.8% Fiscal Year Target
The state pension fund is one of the only plans that ends its fiscal year in March, closing as the coronavirus pummels markets.
Tag: Pension
Coronavirus - COVID-19
CalSTRS CEO Jack Ehnes Postpones Retirement Because of Coronavirus
The decision came after a request from the board, which said it needs time to conduct an executive search.
Coronavirus - COVID-19
CalSTRS Prepares its Employees to Shelter in Place
The retirement system has closed its member service locations and temporarily suspended its contact center to adhere to the state mandate.
Coronavirus - COVID-19
Relief Measures: American Retirement Association Wants to Squeeze Pension Relief into Third Coronavirus Aid Bill
Ongoing effects of the global virus prompt the ARA to look for ways to assist pension recipients in need.
Risk
TPR Gives Broadcaster Six Months to Fund Collapsed Pension
Eight-year battle with pension regulator ended after Supreme Court rejected final challenge.
Coronavirus - COVID-19
CalPERS Employee Tests Negative For Coronavirus
Good news is overshadowed by market reactions to the coronavirus pandemic that have cost the largest US pension plan more than $50 billion.
Asset Management Culture
More Public Plans Ramp Up Social Distancing Because of Coronavirus
Plans in Massachusetts, Mississippi, and other states assure retirees that benefits won’t be delayed, but suspend counseling appointments.
Asset Management Culture
NJ Plan Seeks to Let Police Officers and Firefighters Retire Early
Called the ‘burnout bill’ by advocates, pension beneficiaries could retire after 20 years, but get no health benefits.
Pensions
Exclusive: CalPERS Separates Board From Public Due to Virus Concerns
Starting Monday, spectators will be confined to the pension plan’s auditorium with directors in a separate room, six feet away from one other.
Corporate Moves
HOOPP’s Jeff Wendling Elevated to Chief Executive
The current CIO helped develop the liability driven investment approach the Ontario health care fund is known for.
Asset Management Culture
Rising Funded Levels, PBGC Premiums Spur Pension Buyout Record
Increased volatility caused by coronavirus likely to keep risk transfer market booming.
Asset Management Culture
Exclusive: CalSTRS Develops Quarantine Plans
As coronavirus cases increase, the investment office of the California educator fund has developed plans in case investment staff are quarantined.
Asset Allocation
US Corporate Pension Plans’ Funded Ratios Fell 4 Points in February
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
Pensions
Public Pension Funding Ratio Hits Three-Year High in Q4 2019
But market volatility caused by the coronavirus threatens to erase some of the gains.
Manager Selection
Top Money Managers Among Those Fired from CalPERS
Large money managers including J.P. Morgan, Fidelity, and Allianz have lost their relationships with the biggest US pension plan as part of a massive restructuring of CalPERS’s equity program.