Illinois TRS Revises Rate of Return Assumption
September 21, 2012 (PLANSPONSOR.com) – The Teachers’ Retirement System (TRS) Board of Trustees approved revisions to the long-term assumed rate...
Tag: Public
Benefits |
Pension Fears Prompt Surge of Retirements at Ill. Universities
September 21, 2012 (PLANSPONSOR.com) – Worries about looming changes in the state’s beleaguered pension...
Benefits |
Pa. Official Calls for Consolidation of Municipal Plans
September 19, 2012 (PLANSPONSOR.com) – Pennsylvania Auditor General Jack Wagner proposed that the state’s 2,600 municipal pension plans be consolidated...
Benefits |
Legislators Approve Ohio Pension Reform
September 17, 2012 (PLANSPONSOR.com) – The Ohio House and Senate passed pension reform bills to improve the financial condition...
Local Pension Plans Saw 8% Jump in Funding Ratio
September 10, 2012 (PLANSPONSOR.com) – Funding for local government pension plans increased from...
Benefits |
Report Criticizes CalSTRS’ Pension Spiking Controls
September 7, 2012 (PLANSPONSOR.com) – A report criticizes the California State Teachers’ Retirement System’s (CalSTRS) efforts to detect and prevent...
Pensions Agree to Co-Lead Wal-Mart Bribery Suit
September 5, 2012 (PLANSPONSOR.com) - Lawsuits regarding Wal-Mart Stores' handling of allegations that it paid bribes in Mexico will be...
Benefits |
States Turn to Hybrids, New Formulas to Manage Funding
September 4, 2012 (PLANSPONSOR.com) - So far in 2012, eight states have made major structural changes in state retirement plans,...
Pension Reform Could Save CalPERS $42B
September 4, 2012 (PLANSPONSOR.com) - The California Public Employees’ Retirement System (CalPERS) released an actuarial cost analysis of the proposed...
Benefits |
Texas TRS Finds Other Plans More Costly
September 4, 2012 (PLANSPONSOR.com) - A report for the Teachers Retirement System (TRS) of Texas shows a move from the...
Unfunded Pension Liabilities Most of States' Debt
August 29, 2012 (PLANSPONSOR.com) - Debt across the 50 states amounts to $4.19 trillion, according to a report from State...
Benefits |
Calif. Governor Puts Forth New Pension Proposal
August 29, 2012 (PLANSPONSOR.com) – California Governor Jerry Brown has announced a compromise pension reform plan that eliminates some labor-sensitive...
Public Pensions to Lead Suit Against Vodka Producer
August 24, 2012 (PLANSPONSOR.com) - Two public employee pension systems have been named lead plaintiff in a lawsuit against a...
Benefits |
University of Virginia Fights Surcharge for DC Plans
August 21, 2012 (PLANSPONSOR.com) – The University of Virginia is fighting to avoid paying a surcharge for employees who join...
N.C. Pension System Claims $4.1M Facebook Loss
August 20, 2012 (PLANSPONSOR.com) - North Carolina’s retirement system has lost at least $4.1 million from its investment in Facebook,...
Benefits |
S.C. Employees Ask Court to Rule on Benefits Changes
August 17, 2012 (PLANSPONSOR.com) - The leaders of groups representing teachers and state employees asked the state Supreme Court to...
Benefits |
Minn. Dependent Audit Drops 3,100 from Coverage
August 17, 2012 (PLANSPONSOR.com) – An audit of Minnesota state employees’ dependents has resulted in 3,100 losing state-provided health insurance.
Benefits |
Association Challenges Louisiana Cash Balance Plan
August 16, 2012 (PLANSPONSOR.com) – The Retired State Employees Association of Louisiana has filed a lawsuit challenging a new cash...
Benefits |
Mich. Senate Pushes Back Teachers’ Move to DC Plan
August 16, 2012 (PLANSPONSOR.com) - The Michigan State Senate approved changes to the school employee pension system that pushed back...
CalPERS Announces Five-Year Strategic Plan
August 16, 2012 (PLANSPONSOR.com) - The California Public Employees’ Retirement System (CalPERS) Board of Administration approved a new five-year strategic...