CalPERS Approves CA State Pension Payment
June 17, 2010 (PLANSPONSOR.com) – The board of the California Public Employees' Retirement System (CalPERS) has given its final approval to a proposal that requires the State of...
Administration
DiNapoli Pension Borrowing Opposition a Changed Policy?
June 16, 2010 (PLANSPONSOR.com) – New York state Comptroller Thomas P. DiNapoli is now opposing a tentative budget deal calling for the cash-strapped state to borrow billions of...
CalPERS Sets CA State Pension Payment
June 15, 2010 (PLANSPONSOR.com) – The State of California will pay approximately $3.9 billion next year for state employee pensions starting July 1, 2010, up from $3.3 billion.
Russell Announces Index Changes
June 14, 2010 (PLANSPONSOR.com) - Russell Investments has posted its official lists of companies that are set to join or leave the broad-market Russell 3000 Index when its...
TN County Participants Suing over Pension Deposit Schedule
June 14, 2010 (PLANSPONSOR.com) – Attorneys for Knox County, Tennessee and an employee group were scheduled to meet Monday on a possible settlement of a 2008 lawsuit over...
New Orleans Pension Fund Suing BP
June 14, 2010 (PLANSPONSOR.com) – The pension fund for the city of New Orleans has filed a lawsuit against BP related to the Deepwater Horizon explosion in the...
NM Lawmaker Calls for Pension Lawyer Fee Limits
June 14, 2010 (PLANSPONSOR.com) – A New Mexico lawmaker has called for limits on how much the state’s Educational Retirement Board (ERB) should pay for fees from lawyers...
NCEO Says Employer Stock Generally Wins in Court
June 14, 2010 (PLANSPONSOR.com) – A recent analysis offers some comfort for plan sponsors who have stock in their defined contribution plans.
Zurich Latest to Settle in Contingent Commission Probes
March 27, 2006 (PLANSPONSOR.com) - Zurich Financial Services Group (Zurich) announced that Zurich Holding Company of America (Zurich Holding) and Zurich American Insurance Company (ZAIC) reached a settlement...
Alaska Settles With Former Actuary
June 11, 2010 (PLANSPONSOR.com) – The state of Alaska has struck a half-billion dollar deal with its former actuary.
CalPERS Contribution Request Back On
June 11, 2010 (PLANSPONSOR.) – The California Public Employees' Retirement System (CalPERS) is preparing to ask for another $700 million from the state and school districts.
Highway Patrol on the Lookout for Microcap Manager
June 10, 2010 (PLANSPONSOR.com) – The Ohio Highway Patrol Retirement System (HPRS) has issued a $10 million request for proposal (RFP) for a domestic microcap...
Florida Officials Approve Pension Asset Targets Changes
June 9, 2010 (PLANSPONSOR.com) – The Florida state Board of Administration has approved a revised investment policy for Florida's state retirement fund to reduce its asset allocation targets...
Financial Professionals Still not Getting Salary Bump
June 8, 2010 (PLANSPONSOR.com) - A majority of financial professionals are still not receiving salary increases, according to a survey conducted by Financial Executives Research Foundation.
FRC Says Fund Sales to Moderate in 2010
June 7, 2010 (PLANSPONSOR.com) - Mutual fund net sales posted a record-high year in 2009 and despite their strong flows year-to-date through April ($187 billion), Financial Research Corporation...
Pension Plan Funding Falls with Interest Rates, Equity Values
June 7, 2010 (PLANSPONSOR.com) - The financial health of pension plans has suffered an $84-billion setback over the last two months caused by concurrently falling interest rates and...
L.A. County Arizona Boycott Includes Govt. Bonds
June 7, 2010 (PLANSPONSOR.com) – The Los Angeles County Board of Supervisors has approved a boycott of Arizona over a controversial illegal immigration law that includes selling off...
U.S. Equity Trading Falls Short
June 7, 2010 (PLANSPONSOR.com) - Commissions paid by institutional investors to brokers on trades of U.S. equities are falling far short of projections to this point in 2010,...
Municipal Pension Funds Losing Ground
June 7, 2010 (PLANSPONSOR.com) – A new study of municipal finances finds that most major U.S. cities suffered a “marked deterioration” in their pension funding status from a...
Former Lehman Exec Asks Judge to Dismiss Suit
June 7, 2010 (PLANSPONSOR.com) - Lehman Brothers Holdings Inc.’s ex- Chief Executive Officer Richard Fuld asked a judge to dismiss a lawsuit accusing him and his colleagues of...