US Treasury Approves MPRA Benefits Reduction for Michigan Pension
International Association of Machinists Motor City Pension is the fourth fund to receive approval.
International Association of Machinists Motor City Pension is the fourth fund to receive approval.
The world’s largest sovereign wealth fund uses its influence to produce both change and returns.
Pensions earned 0.55% for the quarter, and 6.14% over the past year.
The deficit for UK private sector pensions is down £128 billion from last year.
Conservative assumptions and disciplined funding helped state rank among top-five funded pensions.
Group says practice of moving from defined benefit to defined contribution plans is not done for the benefit of employees.
Newspaper publishers de-risk a combined $268.5 million.
Markets continue to anticipate muted inflation, and the Federal Reserve to contemplate rate hike in December.
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
However, unfunded status grows as fund continues ‘treading water.’
Oil and gas, and basic material stocks, were the fund’s best-performing investments.
BlackRock and Rhumbline Advisers were among the finalists considered.
Think tank says change will not be enough to stave off budget cuts and tax increases.
Deputy managing director to serve until successor joins.
Strategy, rather than divestment, key to a sustainable funds, panelists say.