Tumbling Discount Rates Eat Away at Funded Ratios
Despite $14 billion investment gain in January, falling rates cause US corporate pension deficits to balloon.
Pensions
Denmark’s Largest Pension Fund to Launch Sustainable Vehicle
PFA says Climate Plus will be carbon neutral in five years.
Cuts Proposed to Fed Retirement Intend to ‘Align with Private Sector’
Trump administration’s FY 2021 budget proposal includes mitigations to benefits paid out to beneficiaries, higher contributions.
New York Maintains ‘Conservative Approach’ With 5.3% Third Quarter Return
The Common Retirement Fund has incrementally increased its exposure to fixed income such as cash, bonds, and mortgages.
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
CalSTRS Revamps ESG Guidelines
The new guidance is meant to help the pension system engage companies in its portfolio where it can have the most impact.
Georgia Teachers Win Big in Bill Meant to Help Retirement System’s Insolvency Woes
Legislation mandating stiff rules on state educators is scaled back after consistent opposition.
Kentucky Governor’s Budget Plan Would Cut State Pension Contributions
State retirement system pegs the shortfall at $83 million, but Beshear says it’s $25 million.
Europe’s Largest Pension Fund Vows to Be Climate Neutral by 2050
The Netherlands’ ABP unveils sustainability plan for $515 billion portfolio.
New Jersey State Pension Returns 16.35% in 2019
US equities lead strong annual showing as real estate outperforms.
MetLife Secures $1.9 Billion Pension Deal with Lockheed Martin
The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.
South Carolina Governor Calls for Closure of Defined Benefit Pension
Gov. Henry McMaster’s proposed plan would move all new employees into a defined contribution pension.
Head of Canada’s Largest Pension Warns Against Illiquid Assets
CPPIB CEO Mark Machin ‘rings the alarm bell’ about not being too invested in the asset class.
Worldwide Pension Fund Assets to Rise to $61 Trillion by 2025
Equity holdings fall by 22% in 20 years as pensions turn to alts in search of alpha.
New York City Takes ‘Major Next Step’ on Fossil Fuel Divestments
City hires Meketa Investment Group to develop divestment plan by end of year, citing federal inaction on climate change.