Pension Funding Levels Drop Globally in 2011
February 13, 2012 (PLANSPONSOR.com) – Pension funding levels in major global markets dropped in 2011, according to Towers Watson’s...
Administration
Funded Status of U.S. Pensions Rises in January
February 9, 2012 (PLANSPONSOR.com) – U.S. corporate pension plans saw a 1.7% increase in January, reported BNY Mellon Asset Management.
Okla. Firefighters Pension Fund Sues over Student Loan Corp. Losses
February 7, 2012 (PLANSPONSOR.com) – The Oklahoma Firefighters Pension & Retirement System sued Citigroup, Discover Financial Services and Student Loan Corp. over claims that Student Loan Corp. misled investors...
Foundations and Endowments See Negative Performance in 2011
February 6, 2012 (PLANSPONSOR.com) – The majority of institutional asset owners closed 2011 in positive territory, according to the...
CalSTRS Further Lowers Investment Return Assumption
February 3, 2012 (PLANSPONSOR.com) - The governing board of the California State Teachers’ Retirement System (CalSTRS) adopted a new set of actuarial assumptions, including lowering the investment return...
Endowments Just Starting to Recover
February 3, 2012 (PLANSPONSOR.com) - Data gathered from 823 U.S. colleges and universities for the 2011 NACUBO-Commonfund Study of Endowments (NCSE) show these institutions’ endowments returned an average...
S&P 1500 Pension Deficits Lower in January
February 2, 2012 (PLANSPONSOR.com) - The aggregate deficit in pension plans sponsored by S&P 1500 companies was $431 billion at January 31, 2012, a decrease of $53 billion...
Report Finds CalSTRS Could be Fully Funded by 2064
February 2, 2012 (PLANSPONSOR.com) – The California State Teachers’ Retirement System (CalSTRS) may be fully funded 52 years from now, a recent report shows.
Institutional Plan Sponsors Post Fourth Quarter Gains
February 1, 2012 (PLANSPONSOR.com) - Northern Trust announced that U.S. institutional investment plan sponsors in the Northern Trust Universe gained 4.5% at the median in the fourth quarter...
Kan. Lawmakers Mull Pension Fund Iran Divestment
January 30, 2012 (PLANSPONSOR.com) - A Kansas House committee discussed a proposal to compel the Kansas' Public Employee Retirement System (KPERS) to divest financial holdings in Iran.
Global Pension Fund Assets Hit Record High in 2011
January 30, 2012 (PLANSPONSOR.com) - Global institutional pension fund assets in the 13 major markets grew by 4% during...
Panel Recommends Change to Actuarial Measures for CPP
January 27, 2012 (PLANSPONSOR.com) – A study found the actuarial obligations of the Canada Pension Plan (CPP) should be measured by using an approach that reflects the partially...
Pension Accounting Changes Negatively Affecting Earnings Statements
January 27, 2012 (PLANSPONSOR.com) – As companies issue their earning statements for 2011, many are reporting a charge due to pension accounting changes.
Boomer Retirements Likely to Boost IRA Share of Retirement Market
January 27, 2012 (PLANSPONSOR.com) - Total asset levels in the U.S. retirement market have grown 9.6% from 2009 to 2010, totaling $15.8 trillion as of end of year...
Ill. Higher Ed. Spending Will Go to Pensions
January 26, 2012 (PLANSPONSOR.com) – The 12% increase Illinois received in higher education spending this year will be used to reduce...
N.J. not Making Its Share of Pension Contribution
January 25, 2012 (PLANSPONSOR.com) – Although legislation was passed last year to shift more pension cost onto state workers in New Jersey, reports show the state is failing...
Conn. Governor Proposes Increase to State’s Pension Payments
January 24, 2012 (PLANSPONSOR.com) – Connecticut Governor Dannel Malloy proposed an increase to the state’s annual payments to the State Employees Retirement System.
Pension Risk Transfers Less Attractive at Start of 2012
January 20, 2012 (PLANSPONSOR.com) - The Dietrich Pension Risk Transfer Index dropped from its prior month’s level of 87.52 and currently sits at 86.65 as of January 1,...
American Airlines Makes Reduced Pension Payment
January 20, 2012 (PLANSPONSOR.com) - American Airlines' parent company has made only a small fraction of the roughly $100 million payment it was scheduled to contribute to the...
Capping Deferral Limit Wouldn’t Do Much to Fix Budget Deficit
January 17, 2012 (PLANSPONSOR.com) – A paper suggests that lowering deferral limits to 401(k)-type plans wouldn’t make much dent in the U.S. budget deficit, and could result in workers...