Risk
Colorado Public Pension Returns 18.1% in 2017
Strong returns and new legislation help raise funded status to 61% from 58%.
Tag: Pension
Corporate Moves
CalSTRS Names New Chief Financial Officer
Julie Underwood will leave the San Bernardino County pension plan, replacing Robin Madsen.
TPR Suspends Pension Trustee over Fraud Investigation
Optimum Retirement Benefits Plan's Gordon Craig is being investigated by organized crime unit.
UK Directive Could Boost ESG Investments
Department Works and Pensions launches consultation on trustee investment responsibilities.
100 Largest US Pensions Lose $27.8 Billion in Q1
Equity volatility causes assets to dip to their lowest since 2015, according to new census data.
Risk
Higher Beneficiary Life Expectancy Pushes Denmark Fund Into Hedging Portfolio
ATP needs higher returns to meet future needs of population, with newborns adding 2-4 years to projected lifespans.
Newsmakers
Lockheed Martin’s Pension Head Steps Down
Christopher Li abruptly retires after a 12-year run without a successor named.
CalPERS Boosts Pay for Next CIO, CFO
Retirement system hasn’t been attracting enough top talent with current pay package.
Scottish Widows Calls for Removal of Auto Enrollment Minimum
Insurance firm says £10,000 threshold ‘an unfair barrier’ for low-paid workers.
Newsmakers
Kentucky Judge Deems Governor’s Pension Law Unconstitutional
Ruling favors attorney general’s objection over how it was passed.
Portland Pension Fund Applies for Benefits Reduction
Western States Office and Professional Pension is seeking a 30% cut in benefits.
UK Retirees Face Pension Cuts Due to Overpayment Errors
Massive data-checking exercise finds mistakes dating back 40 years.
Corporate Moves
Jean Michel Named CIO of Investment Management Corp. of Ontario
20-year pension vet turned failing Air Canada pension plans into a success story.
Trade Association Launches European Pension Institute
Newly formed organization aims to address gap and promote personal pensions.