Moody’s: NJ State Lottery Pension Law “Slightly Positive,” More Work Required
Report indicates while the law is a step in the right direction, lottery floor covers 25% of state pension’s ARC.
Tag: Pension
Research
Virginia Retirement System Sees 12.1% Return for FY 2017
Public, private equities help boost fund to historic high.
CalPERS Flexes its Proxy Muscles
$330 billion system boasts about its influence on corporate governance of public companies.
Newsmakers
Houston, Dallas Pension Reforms Spur Police Retirements
Surge in retirements due to changes that reduced benefits for officers.
Labour, House of Commons: 37 Million to Be Affected by UK Pension Age Increase
More than 56,000 in Prime Minister’s constituency.
Survey Shows Finance Executives’ Top Reasons for Pension Risk Transfer
72% of respondents likely to transfer additional liabilities in the future.
Milliman: Corporate Pension Funded Status Rises $4 Billion in July
Funded ratio sees little movement in the first seven months of 2017.
TPR Shames Trustees Who Shirk Duties
UK regulator publicly names non-compliant pensions trustees.
Danish Pension Firms Launch Africa Fund
Companies commit $550 million to fund focusing on infrastructure in Africa.
PA Auditor General Calls for Further Fee Cuts at SERS
$178 million reduction in investment fees since 2007 is not enough.
Newsmakers
Illinois Senate Rejects Gov. Rauner’s Veto in 38-19 Override
Pension reform bill now goes to Illinois House, requires three-fifths majority vote.
CalPERS $100K Pension Club up 63% Since 2012, Watchdog Says
Transparent California’s report notes more than 850 six-figure CalPERS retirees in Santa Clara County.
CalPERS still analyzing data.
Newsmakers
Canada’s Largest Pension Fund Hits $326.5 Billion at Q1 Fiscal 2018
“Significant uplift” from global equity markets, strengthening Canadian dollar.