Tag: Public Pension

Benefits | October 27th, 2011

CA Governor Proposes Hybrid Pension System for New Hires

October 27, 2011 (PLANSPONSOR.com) – California Governor Jerry Brown proposed a hybrid pension system for new California state workers, reports...

Compliance | October 27th, 2011

FL Judge Challenges State Pension Contribution Change

October 27, 2011 (PLANSPONSOR.com) – On Wednesday a Florida judge challenged the state’s defense of a new law that requires...

Administration | October 27th, 2011

NYC Officials Announce Plan to Replace Outside Pension Managers

October 27, 2011 (PLANSPONSOR.com) – New York City officials announced a plan that will put a chief investment officer in...

Administration | October 26th, 2011

Investment Returns Fall Short for KY Public Pension Funds

October 26, 2011 (PLANSPONSOR.com) - Kentucky's two public pension funds fell short of their assumed rates of investment return over...

Benefits | October 25th, 2011

Charter Schools Protest Removal from LA State Retirement Plan

October 25, 2011 (PLANSPONSOR.com) - Teachers in Louisiana’s Algiers Charter Schools Association are protesting a move by the group's leadership...

Administration | October 24th, 2011

Court Dismisses Houston Municipal Lawsuit Against Highland Capital

October 24, 2011 (PLANSPONSOR.com) – A Delaware court has dismissed a lawsuit brought against Dallas-based investment adviser Highland Capital Management...

Administration | October 21st, 2011

Ohio STRS Funding Below 60%

October 21, 2011 (PLANSPONSOR.com) – A report from the Ohio Teachers Retirement System’s actuary dampens the good news about its...

Benefits | October 21st, 2011

Minister Arrested for Collecting Pensions of Deceased Teacher

October 21, 2011 (PLANSPONSOR.com) - A Bronx pastor has been arrested for collecting nearly $250,000 in pension payments intended for...

Administration | October 20th, 2011

OCERS Board of Retirement Approves Assumption Changes for Valuation

October 20, 2011 (PLANSPONSOR.com) – The Orange County Employees Retirement System (OCERS) Board of Retirement adopted several economic and demographic...

Benefits | October 19th, 2011

FL Pension Fund Hands over Records on Controversial Investment

October 19, 2011 (PLANSPONSOR.com) - Florida's pension fund is starting to hand over records related to a controversial $125 million...

Benefits | October 18th, 2011

State and Local Worker Retirement Income Will Fall Short

October 18, 2011 (PLANSPONSOR.com) - A widespread perception is that state-local government workers receive high pension benefits which, combined with...

Benefits | October 17th, 2011

Colorado PERA Pushes Back on Member Disclosure

October 17, 2011 (PLANSPONSOR.com) – The Colorado Public Employees’ Retirement Association (PERA) has filed its own claim...

Benefits | October 14th, 2011

RI Pension Overhaul Proposal Includes Move to Hybrid Plan

October 14, 2011 (PLANSPONSOR.com) – Rhode Island lawmakers are circulating the draft of a pension-overhaul proposal.

Benefits | October 14th, 2011

GAO Finds No Pension Overpayments by Postal Service

October 14, 2011 (PLANSPONSOR.com) – The Government Accountability Office (GAO) says it has not found evidence of errors that could...

Administration | October 13th, 2011

Public Retirement Holdings Have Decreased

October 13, 2011 (PLANSPONSOR.com) - The nation's state and local public employee retirement systems had $2.5 trillion in total cash and investment...

Compliance | October 12th, 2011

CalSTRS Corrects Pension Spiking

October 12, 2011 (PLANSPONSOR.com) - The California State Teachers’ Retirement System (CalSTRS) announced its determination that the Yuba Community College...

Administration | October 10th, 2011

SEC Looking into Kentucky System Placement Agent Activity

October 10, 2011 (PLANSPONSOR.com) - The U.S. Securities and Exchange Commission (SEC) wants to depose officials at the Kentucky Retirement...

Administration | October 10th, 2011

Brown Signs One Pension Bill, Vetoes Another

October 11, 2011 (PLANSPONSOR.com) – California Governor Jerry Brown has signed one pension bill intended to strengthen...

Administration | October 7th, 2011

Several Pennsylvania Government Pension Plans to Receive State Aid

October 7, 2011 (PLANSPONSOR.com) - Pennsylvania Auditor General Jack Wagner said 87% of the state's 1,488 municipalities receiving state aid for their...

Administration | October 5th, 2011

BNY Mellon Sued by U.S. and NY

October 5, 2011 (PLANSPONSOR.com) – The Justice Department and New York’s attorney general filed separate civil lawsuits against the Bank...