CalSTRS Generates 13.4% Return
The fund outperforms benchmark for first double-digit returns in three years.
Tag: Pension
Mercer Report Warns of Future $137 Trillion US Savings Gap
Report cites empty promises from Social Security, DB programs as the cause.
Newsmakers
UK Moves Up Pension Age Change
New timetable sees pension age rise to 68 by 2037, seven years earlier than current legislation.
Newsmakers
FedEx, Kroger to Contribute $1 Billion Each to DB Plans
FedEx’s 2017 pension contribution is more than triple that of 2015 and 2016 combined.
Risk
Kentucky’s Sen. Schickel Praised for Sticking to ‘CERS Divorce Bill’
The senator also says passing SB 226 could help the state’s police fund.
Newsmakers
CIO of National Pension Service, Third-Largest Pension Fund, Resigns
In the aftermath of a scandal, South Korea’s National Pension Service loses CIO Myoun-Wook Kang.
Research
Most Irish Workers Don’t Have Access to Work Pensions
And nearly a quarter of people with access to work pensions don’t use them.
CalPERS Posts Preliminary Gains of 11.2% for 2016-2017 Fiscal Year
Strong equity gains of 19.7% drive funded ratio up 3% to 68%.
Newsmakers
New Michigan Plan Looms as Gov. Snyder Signs Senate Bill 401
The new law will shift current retirement plans to a new DC hybrid.
Newsmakers
UK Supreme Court Upholds Pension Benefits for Same-Sex Couples
High Court says it is discriminatory to treat same-sex partners less favorably than an opposite-sex spouse.
Mercer Finds Pension Funding Level Drops 1% in June as Deficit Hits $416 Billion
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.
UK’s PPF Reports Strong Annual Results
Assets increased by £5.3 billion, as funding ratio rises to 121.6%.
UK BMW Workers Accept Revised Pensions Deal
New offer more than triples payments proposed in rejected offer.
Britons have More Faith in Real Estate Than in Pensions
Survey finds only 20% of the UK believe employer pensions will make the most of their money.
Taiwan Enacts Deep Pension Cuts for Teachers, Civil Servants
Reductions are expected to save the government nearly $46 billion.