Regulation
Treasury Rejects Benefits Cuts for Automotive Industries Pension Plan
Fund faulted for using assumptions that contradicted its own information.
Tag: Pension
CPPIB Reaches C$316.7 Billion in FY 2017 – One of Largest Increases of the Fund
Annual return of 11.8% matches five-year average.
Rhode Island Approves Assumption Changes
Treasury says lowering investment, inflation assumptions will avoid $500 million shortfall.
Texas Legislature Passes Houston Pension Reform
Houston firefighters’ pension opposes the bill, and is considering legal action.
NY Teamsters Pension Fund Reapplies for Benefits Cuts
New application raises return assumptions and lowers proposed reductions.
Illinois State, House Introduce Pension Reform Legislation
Bills include provisions for shifting to defined contribution from defined benefit plans.
Increased Pension Funding Comes at Expense of Higher Education
Report says pension cost increases tied to education cuts, calls for states to reprioritize pension reform.
Gap Between Rich, Poor Multiemployer Plans Widens
Report finds that healthy plans funding has risen, while critical plans have not.
Steelworkers Ratify Pension Deal with ArcelorMittal
The deal that averted the strike proposed by 2,000 workers.
Michigan Business Leaders Propose Pension Overhaul
Group calls for all new public employees to be put in defined contribution plans.
Pension Funds Seek Benefits Suspension Approval
Five funds apply to the Treasury Dept. to have benefits reduced for their members.
Florida House Passes Retirement System Bill that Favors DC Plans
Bill proposes defined contribution plans become the new default.