TDFs Decrease 401(k) Investing Extremes
March 13, 2012 (PLANSPONSOR.com) - In 2011, 18% of Vanguard retirement plan participants held extreme asset allocations—10% with only equities and 8% with no equities.
Administration
Ohio Pension Funds Sue BNY Mellon
March 13, 2012 (PLANSPONSOR.com) – Ohio’s attorney general filed a lawsuit against Bank of New York Mellon Corp for...
More Organizations Considering Investment Outsourcing
March 13, 2012 (PLANSPONSOR.com) – A survey by Mercer found that 41% of organizations with assets below $500 million are considering investment outsourcing.
Pension Risk Transfer Index Lowest Since December 2010
March 13, 2012 (PLANSPONSOR.com) - The Dietrich Pension Risk Transfer Index dropped one point from the prior month’s level of 86.35 and currently sits at 85.31 as of...
Workers Skittish about Use of Technology for Finances
March 13, 2012 (PLANSPONSOR.com) - Workers are slow to embrace new technologies to help them manage their finances.
Conn. Pension Bailout Plan Approved
March 12, 2012 (PLANSPONSOR.com) – Connecticut Governor Dannel P. Malloy’s plan to pay down the state pension plan’s debt was approved last week.
Conn. Pension Bailout Plan Approved
March 12, 2012 (PLANSPONSOR.com) – Connecticut Governor Dannel P. Malloy’s plan to pay down the state pension plan’s debt was approved last week.
ABC Urges Change to Calculation of Pension Liabilities
March 12, 2012 (PLANSPONSOR.com) - American Benefits Council (ABC) President James A. Klein told lawmakers that low interest rates are creating a skewed picture of pension deficits.
Ford to Offer Salaried Employees Pension Payouts
March 9, 2012 (PLANSPONSOR.com) - In order to contain the long-term risk of future pension obligations, Ford plans on paying salaried pensions in lump sums.
SDCERA Supported in Decision to Fire Investment Officer
March 9, 2012 (PLANSPONSOR.com) - The San Diego County Civil Service Commission determined that the San Diego County Employees Retirement Association (SDCERA) was right in terminating former investment...
Many Nonprofits Lack Financial Knowledge
March 9, 2012 (PLANSPONSOR.com) - Approximately 76% of nonprofits responding to a survey consider themselves to be knowledgeable in financial principles and concepts.
Target-Date Funds Lag Benchmarks
March 8, 2012 (PLANSPONSOR.com) - The latest S&P Target Date Scorecard indicates that further-dated target-date funds are continuing to generally have lower cross-sectional ranges of equity exposure than...
Directors and Officers Pursuing More Protection from Litigation
March 7, 2012 (PLANSPONSOR.com) - An increasing number of corporate directors and officers are showing more interest in the insurance programs their companies use to protect them against...
Directors and Officers Pursuing More Protection from Litigation
March 7, 2012 (PLANSPONSOR.com) - An increasing number of corporate directors and officers are showing more interest in the insurance programs their companies use to protect them against...
STRS Ohio Changes Actuarial Assumptions
March 6, 2012 (PLANSPONSOR.com) – At the recommendation of its actuarial consultant, the board of the State Teachers Retirement System (STRS) of Ohio approved changes to actuarial assumptions...
Milliman Sees Pension Funding Improvement in February
March 6, 2012 (PLANSPONSOR.com) – In February, corporate pension plans experienced a $20 billion improvement in funding, according to Milliman's Pension Funding Index.
Pension Spending Supports Jobs and Economic Output
March 6, 2012 (PLANSPONSOR.com) - A new economic impact study finds that pension benefit expenditures provide an economic stimulus to the economy, including more than $1 trillion in...
Pension Plan Funding Levels Declined in 2011
March 6, 2012 (PLANSPONSOR.com) - The average funded status of Fortune 1000 pension plans were reduced by four percentage points during 2011.
State Pensions See Bump in Funded Status
March 5, 2012 (PLANSPONSOR.com) - Wilshire’s 2012 Report on Funding of State Retirement Systems shows an increase in the...
Downturn Spurs Public DB Plan Efforts to Address Sustainability
March 2, 2012 (PLANSPONSOR.com) - Since 2008, the combination of fiscal pressures and increasing contribution requirements has spurred many states and localities to take action to strengthen the...