Administration

Administration | January 7th, 2011

SEC Reportedly Probing CalPERS Financial Disclosures

January 7, 2011 (PLANSPONSOR.com) – The Securities and Exchange Commission (SEC) is reportedly investigating whether the state of California properly informed municipal bond buyers about the true fiscal...

Administration | January 6th, 2011

2010 Sees Better Dividend Payments

January 6, 2011 (PLANSPONSOR.com) - Standard & Poor's announced that of the approximately 7,000 publicly owned companies that report dividend information to Standard & Poor's, only 28 decreased...

Administration | January 6th, 2011

Report Sees a Busy 2011 for Workplace Lawsuits

January 6, 2011 (PLANSPONSOR.com) – 2010 was an extraordinarily busy and important year when it came to employment-related class action lawsuits and 2011 could be even more so,...

Administration | January 5th, 2011

Valuation Committees Becoming the Norm for Asset Managers

January 5, 2011 (PLANSPONSOR.com) – A new Pricewaterhouse Coopers (PwC) survey finds asset managers are more focused on valuation processes in light of new customer and regulator demands...

Administration | January 5th, 2011

Mercer Finds U.S. Pension Funded Status Declined in 2010

January 5, 2011 (PLANSPONSOR.com) - The deficit in pension plans sponsored by S&P 1500 companies increased by $86 billion in 2010, from a deficit of approximately $229 billion...

Administration | January 5th, 2011

Pension Plan Funded Status Improved in December

January 5, 2011 (PLANSPONSOR.com) - The funded status of the typical U.S. corporate pension plan climbed 3.8 percentage points higher to 84.3% in December 2010, the best position...

Administration | January 5th, 2011

Companies not Quite Ready for Say on Pay

January 5, 2011 (PLANSPONSOR.com) - U.S. companies are split on how frequently they should put their executive compensation programs to a nonbinding say-on-pay shareholder vote, according to a...

Administration | January 4th, 2011

Pension Funding Ratios up 11% in Q4 2010

January 4, 2011 (PLANSPONSOR.com) - Legal & General Investment Management America’s Pension Fiscal Fitness Monitor indicates that pension funding ratios increased11% in the fourth quarter of 2010.

Administration | January 3rd, 2011

Mutual Funds See $900B Net Inflows in 2010

January 3, 2011 (PLANSPONSOR.com) - Worldwide, mutual funds added over $900 billion in long-term net gains for 2010, according to a report from Strategic Insight, an Asset International...

Administration | December 31st, 2010

Pittsburgh Council Pulls Off Pension Fix

December 31, 2010 (PLANSPONSOR.com) – With a deadline looming, Pittsburgh’s City Council voted unanimously to override a mayoral veto and stave off a state takeover...

Administration | December 31st, 2010

2008 5500 Filings Track DB, DC Plan Trends

December 31, 2010 (PLANSPONSOR.com) – A review of the Form 5500 filings from 2008 confirms what even the most casual pension observer knows - the...

Administration | December 31st, 2010

Pittsburgh Pressing to Prevent Pension Pick-Up

December 31, 2010 (PLANSPONSOR.com) – Putting Pittsburgh’s pension problems to bed is proving to be complicated.

Administration | December 30th, 2010

Rattner Settles NY Pay to Play Charges for $10M

December 30, 2010 (PLANSPONSOR.com) – Steven Rattner, former founding principal of private equity firm Quadrangle Group and former Obama administration car czar, has agreed to a $10-million settlement...

Administration | December 30th, 2010

Pittsburgh Inches Closer to Pension Funding Crisis Resolution

December 30, 2010 (PLANSPONSOR.com) – Pittsburgh City Council members said a pension bailout package they pushed through Wednesday will avert a state takeover of the pension fund,

Administration | December 30th, 2010

Large Public Pension Funds see 6.2% Q3 Asset Hike

December 30, 2010 (PLANSPONSOR.com) – Total holdings and investments for the 100 largest public-employee retirement systems were up 6.2% in the third quarter to $2.5 billion, the U.S....

Administration | December 30th, 2010

Ohio SERS Sues Wells over $24M SecLending Loss

December 30, 2010 (PLANSPONSOR.com) – A state of Ohio pension fund has sued Wells Fargo over allegations Wachovia Corp. cost the fund nearly $24 million by mishandling the...

Administration | December 29th, 2010

Pension Funds Named as BP Oil Spill Suit Lead Plaintiffs

December 29, 2010 (PLANSPONSOR.com) – A federal judge in Texas has tapped the New York and Ohio state pension funds to serve as lead plaintiffs in the litigation...

Administration | December 28th, 2010

Unveiling Scheduled for Potential Pittsburgh Pension Crisis Fix

December 28, 2010 (PLANSPONSOR.com) – Pittsburgh City Council President Darlene Harris was scheduled Tuesday morning to unveil a plan to resolve the city’s pension crisis three days ahead...

Administration | December 27th, 2010

401(k) Participant Wins FINRA Arbitration

December 27, 2010 (PLANSPONSOR.com) – A 401(k) participant who claimed Morgan Stanley caused significant losses in his account by not moving money out of the stock market when...

Administration | December 27th, 2010

Stock Compensation Planning in the Aftermath of the Tax Relief Act

December 27, 2010 (PLANSPONSOR.com) – Those scrambling to deal with the potential implications of a change in tax rates may find the 2010 Tax Relief...