MA ‘Municipal Relief’ Bill Goes to Governor
July 16, 2010 (PLANSPONSOR.com) – The Massachusetts Senate approved a measure allowing municipalities to pay their pension obligations at a slower rate and offering early retirement programs.
Administration
Oregon Sues Countrywide over Pension Fund Losses
July 15, 2010 (PLANSPONSOR.com) - Oregon Treasurer Ted Wheeler and Attorney General John Kroger announced they are suing Countrywide Financial Corp. of Delaware and its underwriters for misleading...
SEC Wants to Take Another Look at US Proxy System
July 14, 2010 (PLANSPONSOR.com) - The Securities and Exchange Commission is taking a fresh look at the U.S. proxy system, and asking if rule revisions...
CFOs Looking for a “Softer” Side in Staff
July 14, 2010 (PLANSPONSOR.com) - As CFOs and their staff become more engaged in organizational decisionmaking, soft skills such as critical thinking and communication are increasingly important, new research...
Funding Drop Erases Pensions’ Recovery
July 14, 2010 (PLANSPONSOR.com) - After three consecutive quarters of improvement, a new analysis from Hewitt Associates found that significant decreases in global equity markets and interest rates...
Some Say Financial Planners More Important Since Financial Crisis
July 13, 2010 (PLANSPONSOR.com) - A new national opinion poll conducted for Certified Financial Planner Board of Standards finds nearly two out of three Americans (65%) are more...
Japan Bond Activity Reflects Aging Population
July 13, 2010 (PLANSPONSOR.com) - Japan’s public pension fund sold more government bonds than it bought for the first time in nine years, underscoring concern that an aging...
Alternatives Holdings by Pensions Pegged at $817B
July 12, 2010 (PLANSPONSOR.com) – Alternative assets under management (AuM) on behalf of pension funds by the world’s largest alternative investment managers remained unchanged in 2009 compared to...
Pension Shortfall Closer to Record
July 12, 2010 (PLANSPONSOR.com) – The deficit in pension plans sponsored by S&P 1500 companies reached $451 billion at the end of June, $1 billion short...
2009 Respite Brief for S&P 500 Pensions: Report
July 12, 2010 (PLANSPONSOR.com) - The 34% global market rebound of 2009, while a welcome respite, only slightly improved the funding status of S&P 500 pension plans, according...
Ex-Employee of Defunct Bank Files Stock Drop Case
July 9, 2010 (PLANSPONSOR.com) – A former participant in the 401(k) and employee stock ownership plan (ESOP) of a now-defunct Lincoln, Nebraska-based bank has filed a stock...
Institutional Investment Managers Lower Growth Expectations
July 9, 2010 (PLANSPONSOR.com) - Institutional investment managers have moderated their expectations for global growth in the face of European debt concerns, according to a quarterly survey conducted...
Newspaper Pension Plans Blocked from Delaying Reorganization
July 9, 2010 (PLANSPONSOR.com) - A federal judge has rejected a move by employee pension plans at The Philadelphia Inquirer and the Philadelphia Daily News to delay the...
Cuomo Levels ‘Pension Padding’ Charges
July 8, 2010 (PLANSPONSOR.com) – Workers in some New York state public agencies “dramatically” increase their overtime in their last few years of work to “significantly” pump...
UBS Data Shows Pension Funding Declined 11% in Q210
July 8, 2010 (PLANSPONSOR.com) - The UBS Global Asset Management US Pension Fund Fitness Tracker found the typical pension plan’s funding ratio dropped by approximately 11% during the...
Private Equity Fundraising Down in 2010
July 8, 2010 (PLANSPONSOR.com) – U.S. private equity fundraising fell to $45.1 billion during the first half of 2010, down 26% from $61.2 billion raised...
Bonuses More Focused on Performance
July 7, 2010 (PLANSPONSOR.com) - A report by global management consulting firm Hay Group reveals that 39% of companies across the world have or plan to increase the...
State Street Announces Sec Lending Adjustments
July 7, 2010 (PLANSPONSOR.com) - State Street Corporation announced a cash contribution to certain common and collective trust funds managed by State Street Global Advisors (SSgA) that engage...
Former Marsh Execs’ Convictions Overturned
July 7, 2010 (PLANSPONSOR.com) - The convictions of two former Marsh Inc. executives previously found guilty of bid-rigging charges have been overturned.
PA Governor Signs Divestiture Bill
July 7, 2010 (PLANSPONSOR.com) – Pennsylvania Governor Edward G. Rendell has signed into law a bill providing for divestiture from investments in companies doing business in Iran and...