Regulation
Kentucky Sues to Block Pension Reform Analysis Release
Gov. Bevin’s office says law exempts disclosure of report because bill was ‘preliminary.’
Tag: Pension
Pension Fund Sues Ocwen over Alleged Breached ERISA Duty
Lawsuit claims firm hurt pension’s investments by pushing homeowners into foreclosure.
US Blue Chips Contribute Record Amount in 2017
The so-called $20 billion club’s pension funded status rises to 84.4%.
LACERA Explores PE Sale
RFP says $1.25 billion of private equity assets could be sold at a secondary sale.
Newsmakers
Church of England Joins Rio Tinto Resolution
Investors are calling on the company to disclose ties with mining industry bodies.
HOOPP Grows to $77.8 Billion, Remains 122% Funded
Fund exceeds benchmark by 2.99%.
Newsmakers
Diocese of La Crosse Cuts Pension Plan
More than 1,000 pensioners to lose benefits; Fund had been frozen since 2007.
Former Congressman Named Chair of POWER Pension Coalition
Lack of Congressional reform could tank 100 multiemployer plans.
Asset Allocation
Tobacco, Weapons Exclusions Reduce Norway Fund’s Returns
Fund manager reports that some ‘ethical exclusions’ have lowered the fund’s performance.
Regulation
Oregon Passes Law to Boost Public Pensions
Two funds will be created to help reduce the state’s $25 billion in unfunded liabilities.
Regulation
A.G. Beshear Declares KY Pension Substitute Still Illegal
Cites issues with teachers’ COLA reductions.
UK Pension Liabilities Surge to £7.6 Trillion
State pension liabilities claim £4 trillion.
Discount Rate Increase Helps Grow Pensions in February
LGIMA expects heavy fixed income contributions to come.
CAAT Pension Plan Hits 118% Funded
CEO says plan is ‘in discussions with several organizations and employee groups’ about joining the fund.