Study Backs Value Add from Stable Value Assets
February 15, 2011 (PLANSPONSOR.com) – No other asset class studied has dominated stable value (SV) funds since the inception of stable funds in late 1988, a new study...
Administration
Bill Would Ban Use of Placement Agents by KY Retirement Systems
February 15, 2011 (PLANSPONSOR.com) – Kentucky lawmakers have proposed a bill to ban the use of assets of state retirement systems from paying placement agents.
Florida Pension Chief Cleared of Ethics Violations
February 15, 2011 (PLANSPONSOR.com) - The Florida Commission on Ethics has dismissed a complaint against pension chief Ash Williams, finding no indication he violated conflict of interest laws.
NYC Considers Firing Managers Who Disparage Pensions
February 15, 2011 (PLANSPONSOR.com) – Newly hired managers for part of New York City’s $108 billion pension fund might be fired if they criticize workers’ benefits, Bloomberg reports.
Lawmakers Hear Public Pensions aren’t Dying
February 14, 2011 (PLANSPONSOR.com) –Keith Brainard, Research Director of the National Association of State Retirement Administrators (NASRA), told the U.S. House of Representative’s Judiciary Committee that state and...
SPARK Finalizes 403(b) Info Sharing Standards
February 14, 2011 (PLANSPONSOR.com) – Following a recent two-week public comment period on a draft version, the SPARK Institute has released a final updated version of its information...
Groups Offer Fiduciary Change Suggestions
February 11, 2011 (PLANSPONSOR.com) – Two trade groups have applauded the U.S. Department of Labor’s proposed redefinition of a fiduciary, but still suggested a handful of potential improvements...
Firms Should Engage Managers More in Corporate Transactions
February 11, 2011 (PLANSPONSOR.com) - Companies are underutilizing frontline managers in key phases of the integration process in corporate transactions, according to a recent study by Towers Watson.
AR Pension Fund Suing State Street over Foreign Exchange Trades
February 11, 2011 (PLANSPONSOR.com) - State Street Corp. is being sued by an Arkansas pension fund for overcharging clients on currency transactions.
Americans Aware of Tax Changes, but not Sure They Will Help
February 11, 2011 (PLANSPONSOR.com) - A majority of U.S. adults recently polled say they are familiar with the changes to extend unemployment benefits (69%), extend the Bush-era tax...
CalSTRS Adopts New Approach for Risk Management
February 11, 2011 (PLANSPONSOR.com) - The California State Teachers’ Retirement System (CalSTRS) Investment Committee has approved a new approach in evaluating elements of portfolio risk.
Study Suggests Ways FL Localities Can Meet OPEB Obligations
February 10, 2011 (PLANSPONSOR.com) – A think tank in Florida has laid out recommendations for Florida city and county governments to better meet their other post-employment benefit obligations.
Institutional Investors End 2010 on Positive Note
February 10, 2011 (PLANSPONSOR.com) - The median return of the BNY Mellon U.S. Master Trust Universe was 5.60% for the fourth quarter of 2010, contributing to a return...
Milliman 100 Funding Status Improves to 82% in January
February 9, 2011 (PLANSPONSOR.com) - Plans in the Milliman 100 Pension Index experienced asset increases of $6 billion and liability decreases of $35 billion, resulting in a $41...
JPMorgan Responds to Madoff Trustee Suit
February 9, 2011 (PLANSPONSOR.com) - JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff's Ponzi scheme of exceeding his authority by suing...
Pension Reform Proposals Introduced in AZ, WA, CA
February 9, 2011 (PLANSPONSOR.com) – Arizona House Speaker Kirk Adams has introduced sweeping pension reform legislation designed to bridge the funding gap.
City of Chicago Called Out over Pension Savings Claims
February 9, 2011 (PLANSPONSOR.com) – City of Chicago pension funds were shortchanged more than $24 million over a three-year period, according to a report by Chicago's inspector general's...
Market Rebound Did Little to Improve Pension Funding
February 8, 2011 (PLANSPONSOR.com) – Although solid investment returns in 2010 helped institutional investors make up lost ground in terms of portfolio valuations, funding levels for corporate pension...
NAREIT Recommends New Real Estate Portfolio Allocations
February 7, 2011 (PLANSPONSOR.com) – The National Association of Real Estate Investment Trusts (NAREIT) has released a study on optimizing risk and return in pension fund real estate portfolios.
Organizations Say Public Pensions Problem Overstated
February 7, 2011 (PLANSPONSOR.com) – A group of 10 organizations representing state and local government agencies is fighting back against what it says is incorrect information being put...