Tag: retirement

Pensions October 30, 2020

Local Pension Plans Benefited from Shifting Money to MassPRIM, Report Says

Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.

Corporate Moves October 15, 2020

New York Times Makes $235 Million Pension Risk Transfer to MassMutual

About 1,850 affected retirees will continue to receive payments from the life insurer.

Pensions October 2, 2020

Texas Employees CIO Tom Tull to Retire

He built out alternatives at the $29 billion retirement system soon after joining. 

Pensions September 2, 2020

CalPERS Retirees Call for Board President to Resign

The demand for Henry Jones’ ouster is the latest fallout from the resignation of CalPERS CIO Ben Meng following complaints he violated state ethics rules.

Newsmakers August 20, 2020

New York Pension Plan Names Navyug Patel Deputy Investment Chief

He is taking the spot vacated by Anastasia Titarchuk, who now is the program’s CIO.

Pensions August 12, 2020

New York Common Fund Returns 10% in First Quarter

After maintaining a conservative allocation strategy, the pension fund took the three months ending in June to snatch up some equities.

Newsmakers August 6, 2020

CalPERS CIO Ben Meng Resigns from Nation’s Largest Pension Fund

Deputy chief Dan Bienvenue will take over until the retirement system finds a replacement.

Coronavirus - COVID-19 August 3, 2020

New York Common Fund Loses 2.7% in Fiscal Year

The pension plan, which closed its books in March, had incrementally dialed up an allocation to conservative assets. 

Asset Management Culture July 31, 2020

Feuding New Mexico PERA Trustees to Create Oversight Committee

The new panel will seek to bring order to a board riven by accusations and walkouts among members in a ‘toxic’ work environment.

Manager Selection July 28, 2020

Maryland State Pension Receives $405,000 in LIBOR Restitution from UBS 

The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis. 

Regulation July 15, 2020

US Bill Would Create Lost and Found for Retirement Savings

An estimated 30% of all US employees have left a retirement account at a previous employer, lawmakers say.

Coronavirus - COVID-19 July 6, 2020

UK Retirements Could Be Postponed Due to Pandemic

Research from Aviva finds that some may have to spend more of their life working because of COVID-19. 

Regulation June 18, 2020

Permission to Tap 401(k)s Worries SEC Chief

New penalty-free retirement plan withdrawals, meant as recession relief, may result in too-risky investing, Jay Clayton says.

Asset Management Culture June 12, 2020

MassMutual Reportedly Exploring $2 Billion Sale of Retirement Services

The life insurance company apparently no longer considers the DC plans integral to its business. 

Research June 8, 2020

Pandemic Provides Lessons to Improve Retirement System

Research paper says pandemic ‘is likely to hasten the demise’ of defined benefit plans.