PA SERS Praised by Dept. of Auditor General After Year-Long Investigation
Policies lauded for governance, portfolio management.
Tag: Pension
Research
Mercer: S&P 1500 Pensions 83% Funded in July
Interest rates still “40 basis points above 2016 lows.”
Northstar Aerospace Workers Occupy Plant Over Pension Cuts
Union says workers could face a 24% reduction to their income.
Newsmakers
Kentucky Gov. Hints Tax Reform May Take Back Seat to Pension Issues
Tells WEKU he must “focus first on the pension issue.”
Newsmakers
Hartford HealthCare Increases Allocations to Private Strats
Searches for niche opportunities within emerging markets.
Research
UK Baby Boomers Living Large Off Pensions
Report shows retirees’ disposable income more than quadrupled since 1977.
Valvoline to Make $400 Million Pension Contribution
Company launches debt offering to raise funds for pension.
Wilshire TUCS Reports Longest Institutional Assets Hot Streak Since 1998
Strong performances from all major asset classes leads to seventh quarter in a row of positive gains.
Research
Kentucky Employees Retirement System Reports Double-Digit Gains
The state’s main pension funds’ returns ranged from 12.5% to 13.81%.
Newsmakers
Brazil’s President Temer Seeks Votes for Pension Reform
Taps House speaker Maia to strategize bill, which would increase minimum age for pensions and cut benefits.
Pennsylvania SERS Reports 6.5% Return in 2016
Steps being made to successfully implement new law that moves new employees into hybrid pension plan.
World’s Largest Pension Fund Reports 3.5% Increase in Q1
Largest gains point to domestic, foreign equities.
Newsmakers
AZ Reps Urge Voters to Change State Constitution for Pension Reforms
Finds issues with PSPRS’ DROP system, looming statewide crisis.
Newsmakers
UK Court Rules in Favor of IBM
Dismisses High Court’s 2015 ruling that said Project Waltz breached contractual duty with employees.
PBGC: Multiemployer Pension Insurance Insolvent by 2026
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.