Newsmakers
RI Hospital Workers’ Pension Fund Placed in Receivership
Fund participants could see a 40% cut in benefits across the board.
Tag: Pension
CalPERS Champions Board Diversity Campaign Across 500+ US Companies
Requests each company develop and disclose policies, implement plans.
Newsmakers
Kentucky League of Cities Urges CERS, KRS Split
Despite double-digit returns for KRS, coalition is one of 23 groups calling for the separation.
TPR to Prosecute Chappell for Failing to Give BHS Sale Info
BHS owner to face charges of neglecting or refusing to provide information.
Newsmakers
Ohio PERS Considers Cutting COLA for Retirees
System floats idea of basing COLA on CPI, capped at 3%.
Newsmakers
Texts and Emails to Be Added to UK Pension Cold-Calling Ban
Since April 2014, pensioners have lost an estimated £43 million to cons.
Research
Connecticut Liabilities Outpace Asset Growth
Liabilities more than double in 10 years, while assets gain 28%.
TPR Anti-Avoidance Hearing Heads to Upper Tribunal for First Time
Regulator wants to force ITV to fund plan with £90 million deficit.
Newsmakers
New Mexico’s Two Largest Public Pensions Could See Benefit Reforms
Despite double-digit returns, the systems aren’t out of the woods yet.
Newsmakers
Kentucky Gov. Launches Pension Reform Website
In his quest for state pension reform, Gov. Bevin just made it easier to keep the public informed on retirement plan updates.
CPPIB to Invest $750 Million in Calpine Corp. Acquisition
The Canadian pension fund is one of many investors in $5.6 billion consortium.
Newsmakers
Three US Pensions Sue Six World Banks
IPERS, OCERS, and SCERS file a class-action lawsuit against Wall Street titans over a stock-lending scandal.
Research
Nearly Two-Thirds of 2016 FDNY Pensions Top $100K
More than 20% of total 15,606 FDNY retirees eligible for six-figure pensions; high retirement benefits attributed to disability-related plan.
Newsmakers
New Zealand Super Fund Shifts Passive Equities to Low Carbon
Fund moves $10.2 billion into eco-friendlier firms, eyes active investments next.
Kentucky Universities Mull Split from State Retirement System
Plan has already gone to Council on Postsecondary Education.