Newsmakers
Nevada’s Public Employee Retirement System Sees 12% Return for 2017 Fiscal Year
Equity exposure drives strong gains for pension plan.
Tag: Pension
Newsmakers
Audit: Milwaukee County Pension Riddled with Errors
Audit going back 62 years has found that half the pension’s calculations had an error.
Newsmakers
EU Adopts New Rules for Occupational Pensions
Changes are aimed at improving pension governance and transparency.
UK Millennials Shrug Off Pensions
Report finds half as many 18-34 year olds have pensions as older generations.
TPR Post Mortem Dissects Philip Green
Report on deal to fund BHS pension contradicts public statements made by Green.
IMF, Ukraine Discuss Implementing Pension Reforms
Nearly two-thirds of all retirees in Ukraine receive the minimum pension.
Newsmakers
UK Workers Missing Out on £2 Billion of Pension Contributions, Study Finds
An estimated 3 million employees are forgoing an average of £650 each per year in matching contributions.
Newsmakers
Chinese Pension Inflows Surge
Money going into Chinese pensions is up nearly 24% from last year.
Newsmakers
Court Rejects $187 Million Pension Lawsuit Against Align Technology
Plaintiffs alleged the company misled investors regarding its 2011 Cadent acquisition.
UK’s FCA Proposes Changes to Pension Transfer Advice
New rules focus on moving from defined benefit to defined contribution plans.
The Hartford Transfers $1.6 Billion in Pension Liabilities to Annuity
Responsibility of benefits for 16,000 former employees transfers to Prudential.
Risk
Michigan Pension Bill Goes to Gov. Snyder
If Senate Bill 401 passes, hybrid plans would get a 7% contribution state and schools.
Newsmakers
Cambodia Plans to Launch National Pension Fund
Recently released 10-year plan outlines country’s ambitious economic goals.
Newsmakers
Auto Enrollment Boosts UK Pension Participation by 50%
Pension enrollment jumps by 5.4 million between 2012 and 2016.
Risk
Chicago Public Schools Borrows $275 Million for Teachers’ Pension, Seeks Additional $112 Million
The district says the loan “creates sufficient cash” in order to fulfill pension obligations.