Newsmakers
Struggling Cincinnati Pension Plan Applies for Benefits Reduction
Laborers Local No. 265 is seeking a flat reduction of 40% of benefits.
Tag: Pension
Newsmakers
Connecticut Study Group Eyes Possible Ways to Plug State’s Pension Gap
Officials point to state lotto, real estate, and benefits changes to help decrease the $127.8 billion shortfall.
Newsmakers
Greece’s Pension Cuts, Tax Hikes Are Now Unnecessary, Says PM
Alexis Tsipras’ post-bailout plans will depend on the European Commission’s approval once it gets Greece’s economic projections.
Newsmakers
Putin’s Pension Amendments Reach State Duma
Reforms must be approved in next two readings and upper house before president can make them law.
UK Workplace Pension Membership Hits New High
Active membership of DC plans rise, as membership in DB plans falls.
NEST Seeks New Ways to Access Private Credit
UK public fund says DC plans should take advantage of private credit.
Risk
Malaysia Pension Fund Returns 7.64% in Q2
Slumping investments in emerging markets dampen returns.
Emerging Markets Spur Global Pension Growth
AUM for world’s largest pensions rise more than 15% in 2017.
Newsmakers
Australian PM Axes Former Administration’s Pension Age Increase
Scott Morrison said Tony Abbott’s age 70 hike will not happen, holding the retirement age limit at 67.
UK Private Pension Plans Dip Back into Deficit Territory
Decline comes one month after becoming fully funded for the first time in a decade.
Newsmakers
No Plans to Cut IPERS Benefits, Iowa Gov. Says
Opponents say Kim Reynolds’ administration secretly wants to move IPERS members into hybrid benefit plans.
Corporate Moves
Canada Pension Plan’s Thematic Investing Head Joins OMERS
Mark Shulgan will help the municipal retirement system manage a growth equities platform.
Treasury Dept. Approves Benefits Reduction for Two Pension Funds
Total number of funds cleared to enact benefits reductions rises to seven.
Newsmakers
Milwaukee County Retirees Could Lose COLA Increases
Pension reform taskforce recommends cutting 2% adjustments until 2036.
Newsmakers
Japan’s PM Wants to Raise Retirement Age Past 65
Shinzo Abe planning social security system overhaul over the next three years, pending re-election.