PBGC Multiemployer Program Deficit Grows to $65.1 Billion
Single-employer program improves as deficit nearly halved to $10.9 billion.
News Archive: Nov - 2017
Union Members Urged to Reject BT Pension Proposals
Communication Workers Union says a major industrial relations showdown looks inevitable.
Newsmakers
Brazil’s Three Largest Pensions Join Petrobas Lawsuit
Plans, workers look to recoup billions in “Car Wash” scandal losses.
Regulation
Kentucky Calls for Redo of TRS Pension Bill Analysis
State budget director balks at report that says proposed reform plan will cost taxpayers billions.
CalPERS Stakeholders Argue for Status Quo
Board members float four possible paths to change portfolio structure; employers worried about higher pension payments.
Asset Allocation
Malaysia’s KWAP Seeks to Raise Foreign Portfolio to 15%
Fund in early discussions with China’s Alibaba.
Asset Allocation
OMERS Private Equity to Buy Majority Stake in Trescal
Deal is OMERS Private Equity’s first France-based investment.
Research
Corporate Pensions’ Funded Level Rises $32 Billion in Two Months
Funded status of 100 largest US corporate pension plans grows to 84.7%.
CalPERS Mulls Fixed-Income Future
Proposed changes would maintain the portfolio's heavy tilt to global equities, while likely increasing investments in fixed-income.
Regulation
Kentucky Education Groups Offer Alternative Pension Reform Plan
Coalition calls for less generous plans, but nixes switch to DC.
Newsmakers
Florida’s State Pension Votes to Sue Valeant over Losses
State board of administration alleges it lost $62 million due to fraud.
CIO Announces Consultant of the Year Finalists
Winner to be announced during December 7 awards gala following CIO’s Influential Investors forum.
Research
Ivy Endowments Have Topsy-Turvy Year in Fiscal 2017
Data shows Ivy League endowments are increasing their focus on private investments.
Regulation
Houston Voters Approve $1 Billion in Pension Bonds
$750 million will go to the city’s police pension, and $250 million to the municipal workers' pension.