Pensions
Tax Cuts Could Come Back to Haunt State Retirement Systems
Report urges states to close tax loopholes to avoid cutting pension benefits.
Tag: Pension
Risk
Texas ERS Could Become Insolvent 20 Years Earlier than Previously Anticipated
An actuarial valuation report cites the plan’s risk of going insolvent by 2075.
Regulation
Canadian Defined Benefit Plans Surge at End of 2019
Rising bond yields, strong asset returns bring funded ratio to near all-time high.
Risk
Over 100 Multiemployer Pension Plans May Fail Within 20 Years
Plans, like the New England Teamsters', covering 1.4 million people are underfunded by $56.5 billion.
Risk
Can Marijuana Help Solve Kentucky’s Pension Woes?
Lawmakers assert legalization is a ‘win-win situation for everyone involved,’ and advocate for a quick approval.
Asset Allocation
Danish Pension, Insurance Assets Grow to $712 Billion
Asset value of sector is more than twice the country’s GDP.
News
Workers Strike at 60 UK Universities Over Pensions, Pay
Union members balk at decision to raise employee contributions to 9.6% of salary.
News
FedEx to Close Pension Plan to New Employees
Move comes on heels of report that firm paid $0 in taxes in 2018.
News
Oregon Pension Stung by Investments in Socially Irresponsible Companies Via Index
Associated Press reports Oregon State Treasury invested in index that contains smartphone spyware company.
Regulation
Trustee Pleads Guilty to Defrauding Disability Charity Pension
Patrick McLarry admitted to stealing £250,000 from pension plan he oversaw.
Newsmakers
Defeated CalPERS Board Candidate Says Election Was Rigged Against Him
Former board member J.J. Jelincic protests the October 17 election, claims CalPERS team plotted to thwart his candidacy.
Regulation
US Senators Introduce Miner Pension Rescue Bill
Bipartisan legislation aims to protect pensions for 92,000 coal miners.
Market Moves
Plan to Merge Strapped Illinois Local Pension Plans Raises Doubts
The state, facing a big shortfall in its own retirement programs, tries to eke out savings from municipal plans.
Manager Selection
Danish Pension ATP Names Mikkel Svenstrup CIO
$133 billion program poaches top investor from P+.
Market Moves
Denmark’s PFA Earns $8.5 Billion in Year’s First Three Quarters
Record returns equated to a market rate return of 10.5% for pension plan.