NYC Public Pension System Preliminaries Show 12.95% Return
Including 2017, compound rate of return is 7.4% over the last four years.
Tag: Pension
Corporate Moves
CalSTRS Deputy CIO To Retire After 27-Year Run
Michelle Cunningham was also the fund’s first internal investment officer.
Research
Pension Plan Funding Sputters in 2016
Report finds growth of liabilities is outpacing asset growth.
Research
Rising Pension Age Hits Women’s Savings in UK
1.1 million fewer women are receiving a state pension due to an increase in pension age.
CT Officials Pass Pension Concession Labor Pact
The state seeks to close a $5.1 billion shortfall in two years.
Wilshire: US Corporate Pensions Up 1% in July
Funded ratio sees first increase since March.
Gov. Rauner Issues Amendatory Veto to Illinois’ Senate Bill 1
Urges General Assembly to make “historic changes” to state education funding.
Universities Superannuation Pension Reports 20.1% Return
However, liabilities outpaced investments, increasing the fund’s deficit.
eVestment: Public Pension Plans Gravitating to Real Assets, Private Equity
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.
Newsmakers
Oregon PERS to Lower Fund’s Assumed Rate 0.3%, Increasing Unfunded Liability
New rate suggested by Milliman based on study.
Maryland SRPS Returns 10% in FY2017
Private, public equity reap the majority of gains.
Research
Church of England Pension Board Posts Best Year on Record with Returns of 21.2%
Fund doubles down on ethical investing, returns highest since record keeping started in 2003
Newsmakers
$1.3 Billion Needed for Chicago Pension Funds, Debt Payments, KBRA Says
The bond rating agency suggests positivity, despite rocky road ahead.
GSAM’s Moran: Surging PBGC Fees Incentivize Pension De-Risking
Companies are increasingly considering annuitization and lump sums due to sharply rising premiums.
Unite to Vote on Royal Mail Pension Proposals
Union doesn’t offer a recommendation, but calls proposals “best achievable” package.