What’s the Impact of Early Retirements on Plans?
More than a year into the pandemic, some pension funds are reporting a jump in workers leaving.
Tag: Employee Benefits
Corporate Moves
CalPERS Appoints Marlene Timberlake D’Adamo First DEI Officer
The former chief compliance officer at the $466 billion pension fund is moving into the newly permanent position.
Pensions
CalPERS Sues Former Employee for Allegedly Stealing Pension Money
More than $685,000 was stolen from 10 retirees, including a homeless person and beneficiaries under legal conservatorships, the fund said in its lawsuit.
Pensions
CalPERS Suspends Search for New CIO
Pension system officials say they won’t restart the search until early July, and they didn’t offer a timetable as to when a new person will take the job.
Coronavirus - COVID-19
CalPERS Delays Launch of Two Programs to Lower Drug Costs
The shift to next year is due to the disruption from the coronavirus, the retirement system says.
Manager Selection
CalPERS Appoints New Deputy CIO for Total Portfolio Strategy
The state retirement system chooses 16-year veteran Dan Bienvenue, who has overseen global equity.
Market Moves
CalPERS Loses around 4% in Last Week’s Stock Dive
Largest US pension plan drops at least $15 billion as retirement programs worldwide suffer.
Pensions
Seeking a ‘Path Toward Stability’ for Health Care, TRS Switches Administrators
The change will save the troubled medical benefits programs $754 million over the next five years.
Asset Management Culture
Ex-NBA Player Says He Was Denied COLAs in Pension Case
Former Houston Rockets team member Zaid Abdul-Aziz is entitled to additional benefits for the rest of his life, suit says.
Pensions
Kentucky Lawmakers to Make Honorable Transfer into Depleted State Retirement System
Legislators convene to align their interests with that of their constituents under the state’s ailing pension system.
Manager Selection
CalPERS Board President Wants Transparency in Second Term
Fresh off his re-election campaign, Henry Jones pledges good governance, a focal point of his platform.
Asset Management Culture
Detroit Pension Sues Own Investment Committee over Deputy CIO Pay Raise
Police and Fire retirement system seeks to stop 75% pay increase to former deputy CIO.