Alaska Fund Reminds Lawmakers It’s Not a Piggy Bank
State House bill proposes to more than double the fund’s dividend in 2019.
News Archive: Mar - 2018
Newsmakers
Outraged Puerto Rico Gov. Clashes with Oversight Board, Yanks His Plan
Panel, seeking pension cuts, could unilaterally impose its own fiscal blueprint if stand-off continues.
Minnesota Senate Unanimously Approves Pension Bill
Reform backers say proposal would produce $3.4 billion in immediate savings.
Asset Management Culture
Blackstone Official Pushes Required Retirement Savings, Backed by Washington
At CalSTRS, to help people without enough money to retire, Tony James pledges to promote his idea to Washington big-wigs.
Asset Allocation
NJ Pulls $1.9 Million from Semi-Automatic Gunmaker
No plans announced for ditching remaining firearms holdings.
Newsmakers
Despite Lopsided Lawmakers’ OK, NJ Pension Bill in Limbo
Bill would yank police and firefighter pensions from state management, but governor is skeptical.
Corporate Moves
Oregon Pension System Faces Leadership Vacuum
Bad timing: Top-level departures loom as showdown over financial woes nears.
UK Workplace Pension Membership Rises in 2017
The largest increase in pension take-up was seen among Millennials.
PBGC Pays Out $5.6 Billion to Retirees of Failed Plans in 2017
Total amount paid remains the same as the number of retirees rises.
CIO NextGen: Send Us Your Nominations for the Up-and-Coming Leaders Reshaping the Industry!
Taking our unique mission of serving the asset owner community to the next level, CIO launched its DigitalFIRST strategy this year. As we continue to make community and interactivity...
Newsmakers
Chicago Public Schools Sinks $1B Deeper in Debt
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
Asset Management Culture
Japan’s Government Pension Fund Changes Fee Structure
The move is aimed at providing an incentive for active managers to boost returns.
Regulation
Union Says University Pension Cut Violates Pension Benefits Act
Lawyers for striking Carleton University workers say 2003 amendment broke a provincial pension law.
FCA Proposes Pension Risk Transfer Changes
Watchdog considering banning ‘contingent charging.’
UK Proposes Resolution to Resolve UCU Pension Dispute
Proposal calls for guaranteed pension comparable with current plan.