NY State Fund Shifts Asset Targets
June 7, 2010 (PLANSPONSOR.com) –The New York State Common Retirement Fund has cut its target share of investments in domestic and international stocks and hedge funds and increased...
Administration
Baltimore Lawmakers toTake up New Pension Bill
June 7, 2010 (PLANSPONSOR.com) – Baltimore lawmakers are scheduled to consider a new bill reforming the city’s police and fire pension system.
CalSTRS Board Puts Off Return Rate Cut
June 7, 2010 (PLANSPONSOR.com) – The California State Teachers' Retirement System (CalSTRS) has put off trimming its assumed rate of return from 8% to 7.5% - a move...
Unions Sue Baltimore for Underfunding Pension Plan
June 4, 2010 (PLANSPONSOR.com) - Baltimore's police and firefighters' unions have filed a lawsuit against the city in federal court, contending that officials "knowingly underfunded" their pension plan...
SD County Cuts Assumed Rate of Return to 8%
June 4, 2010 (PLANSPONSOR.com) – San Diego County and active county employees will have to pay more into the county’s pension plan after the plan cut its annual...
No Criminal Charges in Millard PBGC Probe
June 3, 2010 (PLANSPONSOR.com) – An investigation by the Inspector General of the Pension Benefit Guaranty Corporation (PBGC) into illegal procurement practices by a former director has concluded...
Pension Fund Suit against Rating Agencies Dismissed
June 1, 2010 (PLANSPONSOR.com) - A Manhattan federal judge said it is unfair to hold Moody's Investors Service and Standard & Poor's liable as "underwriters" on securities offerings...
Pension Plans only Slightly Healthier
June 1, 2010 (PLANSPONSOR.com) - In 2009, the financial health of defined benefit pension plans in publicly-traded U.S. companies improved only somewhat from 2008 lows, according to Mercer’s...
Canadian DB Plans on Wild Ride
June 1, 2010 (PLANSPONSOR.com) – The significant volatility in the equity and bond markets since the beginning of May has hurt the accounting positions of Canadian defined benefit...
CalPERS to Delay Asking State for Money
June 1, 2010 (PLANSPONSOR.com) - The board of the California Public Employees Retirement System (CalPERS) has decided to delay asking the state for more money to pay for...
PA Plans Hold Life Insurance Settlement Investments
June 1, 2010 (PLANSPONSOR.com) – Two Pittsburgh, Pennsylvania-area county governments have turned to investing a piece of their pension funds in life insurance settlements as a volatility hedge.
CalPERS Announces New Method for Submitting Investment Proposals
May 28, 2010 (PLANSPONSOR.com) - External money managers seeking business with the California Public Employees’ Retirement System (CalPERS) will soon be able to use the Internet to send...
Multiemployer Programs Face Numerous Challenges
May 27, 2010 (PLANSPONSOR.com) – Demographic changes and other trends in society have only served to dramatically increase the funding pressure on multiemployer pension plans, a Government Accountability...
Rate of Return Tops List of Info Investors Want
May 24, 2010 (PLANSPONSOR.com) - DALBAR, Inc. has released its national study of what investors expect to see in a statement from financial services companies.
Poll Finds Simplified Annuity Activity on the Horizon
May 24, 2010 (PLANSPONSOR.com) – Nearly two-thirds of insurers and others in a recent survey indicated that they either offer simplified annuities or plan to do so in...
Mission Compatibility Moves Unitarians Toward a New Recordkeeper
May 24, 2010 (PLANSPONSOR.com) - The Unitarian Universalist Association has decided to dump its incumbent recordkeeper for reasons that have nothing to do with its...
House Bill Carries Pension Funding Relief
May 21, 2010 (PLANSPONSOR.com) – A bill expected to be considered by the U.S. House of Representatives on May 25 includes long-awaited pension funding relief measures, according to...
IL TRS Launches Search for International Bond Manager
May 21, 2010 (PLANSPONSOR.com) - The Board of Trustees of the Teachers’ Retirement System has launched a nationwide search for a money management firm to oversee an allocation...
Bill Encourages Diversity among CA Pension Investment Managers
May 21, 2010 (PLANSPONSOR.com) - California's public pension funds would have to report the ethnicity and gender of some of the outside investment managers they hire under a...
Golden State Placement Agent Bill Stalls in Committee
May 21, 2010 (PLANSPONSOR.com) – A move to limit pension placement agents’ influence over California’s public pension programs came to a halt this week when a measure containing...