Public Pensions in Recovery
April 21, 2011 (PLANSPONSOR.com) - At the end of calendar year 2010, aggregate state and local government retirement system assets totaled $2.93 trillion, a 35% increase from their...
Administration
Detroit Pension Boards Challenge New Emergency Powers Law
April 20, 2011 (PLANSPONSOR.com) – Detroit workers’ pension boards have asked a court to declare unconstitutional a new law allowing state-appointed emergency financial managers to, among other things, impermissibly...
SEC Seeks Input on Investor Education
April 19, 2011 (PLANSPONSOR.com) - The Securities and Exchange Commission is looking for some input on the effectiveness of existing investor education efforts.
Madoff-Related Lawsuit against SEC Dismissed
April 19, 2011 (PLANSPONSOR.com) - A federal judge has thrown out a lawsuit by two of Bernard Madoff's former clients which accused the U.S. Securities and Exchange Commission...
Range Between High and Low Plan Costs Moderate for Most 401(k)s
April 18, 2011 (PLANSPONSOR.com) - Total plan costs for running a 401(k) can vary widely, but for most employers the range between high and low total plan costs...
Former NY Comptroller Gets Jail – and a Pension?
April 15, 2011 (PLANSPONSOR.com) – Former New York state Comptroller Alan Hevesi was sentenced today, after pleading guilty to a felony charge of receiving reward...
Business Owners Worried about Saving for Retirement
April 14, 2011 (PLANSPONSOR.com) - The latest American Express OPEN Small Business Monitor finds retirement savings is a worrisome topic for business owners.
Regulatory Requirements Top Concern for Investment Managers
April 14, 2011 (PLANSPONSOR.com) - A poll released by SEI reveals that meeting new regulatory requirements remains the top challenge among investment managers.
New Assumptions Push up RI Pension Liability
April 14, 2011 (PLANSPONSOR.com) - Rhode Island's retirement board has approved a new set of assumptions that estimates the state's unfunded pension liability is 27% higher than previously...
Institutional Investment Managers Anticipate Inflation Risk
April 13, 2011 (PLANSPONSOR.com) - Approximately 70% of institutional investment managers believe that the risk of inflation will increase over the next six months, according to a quarterly...
Boomers and Advisers Show Interest in Non-Traditional Investments
April 12, 2011 (PLANSPONSOR.com) - Both Baby Boomers and financial advisers remain concerned about market volatility in retirement accounts, a new MetLife poll shows.
KY Retirement System Fires Executive Director
April 8, 2011 (PLANSPONSOR.com) - The Kentucky Retirement Systems board of directors changed leadership, firing Executive Director Mike Burnside and electing Jennifer Elliott as chairman to replace longtime...
Illinois Teachers Plan Sets out New Allocation Blueprint
April 8, 2011 (PLANSPONSOR.com) – The Illinois Teachers’ Retirement System (TRS) Board of Trustees approved a revised asset allocation plan for the system’s $34.6-billion portfolio.
Emerging Markets, Alternative Investments Lead Consultant Search Activity
April 7, 2011 (PLANSPONSOR.com) - This year, ongoing portfolio globalization and the increasing role of “alternative” investments - hedge funds, private equity and real estate - are expected...
Securities Litigation Filings Shifting from Financial Firms
April 7, 2011 (PLANSPONSOR.com) - Federal class action filing activity rose and the plaintiffs' bar shifted from an overwhelming focus on the financial services industry to a medley...
Sponsor Contributions Drive up Pension Funding
April 7, 2011 (PLANSPONSOR.com) - The aggregate deficit in pension plans sponsored by S&P 1500 companies decreased by $43 billion during March, from a deficit of approximately $256...
Poor Returns Biggest Reason for NYC Pension Cost Increase
April 7, 2011 (PLANSPONSOR.com) – A study launched by New York City Comptroller John Liu found a $6.5 billion increase in New York City’s pension costs was largely...
CalPERS Announces Organization Changes
April 6, 2011 (PLANSPONSOR.com) - The California Public Employees’ Retirement System (CalPERS) announced organization changes it says will allow delivery of improved customer service to its members and...
Canadian Pension Landscape Shifting
April 6, 2011 (PLANSPONSOR.com) – Consultancy Towers Watson says defined benefit pensions at private sector employers in Canada are at a tipping point.
Pension Plan Funding Ratio Inches up in March
April 5, 2011 (PLANSPONSOR.com) - The funded status of the typical U.S. corporate pension plan in March inched up 0.5 percentage points to 88.5%, monthly statistics published by...