Report: 18% Rise in NY Pensions Over $100K
More than 50% of six-figure pensioners are from police, firefighter units, Empire Center reports.
Tag: Pensions
Newsmakers
Calif. High Court to Hear Appeal Against San Diego Pension Cuts
City could be forced to create pensions for 3,000 workers if overturned.
Newsmakers
International Paper to Make $1.25 Billion Pension Contribution
The move is part of a long-term de-risking program at the company.
Research
KPMG Survey Finds ‘No End to Growth for LDI’ in UK
UK pensions have more than £900 billion of exposure to LDI.
CS: More Investor Interest in Hedge Fund Quant Strategies
In addition, Credit Suisse survey shows more than 70% of institutional investor portfolios incorporate hurdle rates and founder’s share class structures.
Review Calls for Pensions for Self-Employed Britons
The proportion of self-employed workers in the UK continues to grow.
Newsmakers
Michigan Governor’s Task Force Proposes 4 Priority Reforms
Urges for better reporting and transparency, creation of local government pension/stress test system.
UK Pensions Could Benefit from Diversified Property Investments
Aon white paper says pensions shouldn’t focus solely on commercial property.
Even the Most Fiscally Fit States Have Pension Problems
Report ranks Florida, North Dakota, South Dakota, Utah, and Wyoming as the top five states by fiscal condition, but long-term challenges loom.
H.I.G Funds to Invest in Middle-Market Debt, Direct-Lending Opportunities
Raises $1.1 billion from foundations, endowments, public and private pensions, and sovereign wealth funds.
UK Automatic Enrollment Surpasses 8 Million Mark
Every week, tens of thousands are joining workplace pensions through automatic enrollment.
Corporate Pensions Slip 0.4% in June
Funded ratio is still up 7.6% YTD, according to Wilshire.
Newsmakers
World’s Largest Pension Fund Selects Three ESG Indices for $9 Billion Investments
Japan’s Government Pension Investment Fund looks to set a global example.
Newsmakers
Jamaica Senate Debates Pension Reform Bills
Reform aimed at making pension system more affordable and sustainable.
Newsmakers
General Mills to Freeze Defined Benefit Pension Plans by End of 2027
No 401(k) changes to be made.