Pensions
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
Tag: Pension
Pensions
New York Maintains ‘Conservative Approach’ With 5.3% Third Quarter Return
The Common Retirement Fund has incrementally increased its exposure to fixed income such as cash, bonds, and mortgages.
Asset Allocation
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Pensions
CalSTRS Revamps ESG Guidelines
The new guidance is meant to help the pension system engage companies in its portfolio where it can have the most impact.
Pensions
Georgia Teachers Win Big in Bill Meant to Help Retirement System’s Insolvency Woes
Legislation mandating stiff rules on state educators is scaled back after consistent opposition.
Pensions
Kentucky Governor’s Budget Plan Would Cut State Pension Contributions
State retirement system pegs the shortfall at $83 million, but Beshear says it’s $25 million.
Manager Selection
UN Pension Fund Seeks Adviser to Suggest Board Changes
Fund is asking for a wide range of ideas on structural changes to its oversight.
Manager Selection
CalPERS Board President Wants Transparency in Second Term
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.
Asset Allocation
Canadian Defined Benefit Plans Return 13.6% in 2019
End-of-year equities rally boosts returns for pension plan portfolios.
Asset Management Culture
Detroit Pension Sues Own Investment Committee over Deputy CIO Pay Raise
Police and Fire retirement system seeks to stop 75% pay increase to former deputy CIO.
Pensions
MetLife Secures $1.9 Billion Pension Deal with Lockheed Martin
The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.
Newsmakers
South Carolina Governor Calls for Closure of Defined Benefit Pension
Gov. Henry McMaster’s proposed plan would move all new employees into a defined contribution pension.
Pensions
Head of Canada’s Largest Pension Warns Against Illiquid Assets
CPPIB CEO Mark Machin ‘rings the alarm bell’ about not being too invested in the asset class.
Asset Allocation
UK Universities Superannuation to Give DC Plan Access to Private Markets
UK’s largest private pension opens £17 billion portfolio to 85,000 defined contribution members.
Pensions
Worldwide Pension Fund Assets to Rise to $61 Trillion by 2025
Equity holdings fall by 22% in 20 years as pensions turn to alts in search of alpha.