PA Terror-Free Investing Bill Sent to Governor
June 23, 2010 (PLANSPONSOR.com) – A Pennsylvania bill to stop public pension funds from investing in foreign companies that have significant business ties with Iran and Sudan is...
Administration
Money Managers See Market Value but Risk Potential
June 23, 2010 (PLANSPONSOR.com) – Forty-seven percent of professional money managers in Russell Investments’ latest quarterly poll believe the market to be undervalued, up markedly from 28% in the...
Institutional Investors Plan to Increase Alternative Investment Holdings
June 21, 2010 (PLANSPONSOR.com) - Institutional investors globally, including pension funds, endowments, foundations and insurance providers, expect to re-commit to alternative investments, according to the ninth global survey...
Ohio Pension Losses Pop Up in Governor’s Race
June 21, 2010 (PLANSPONSOR.com) – With Lehman Brothers-related losses at a state of Ohio pension fund a political issue in the governor’s race, a pension official insists politics...
BP Crisis Leads NY Pension Fund to Review Energy Holdings
June 21, 2010 (PLANSPONSOR.com) - New York state's pension fund is considering suing BP PLC for its management of the well in the Gulf of Mexico that's been spewing oil,...
Principal R/E Fund Makes Another Distribution
June 21, 2010 (PLANSPONSOR.com) – Just 30 days after its last distribution to holders of its frozen real estate fund, the Principal has made another...
Senate OKs Pension Funding Relief Provision
June 18, 2010 (PLANSPONSOR.com) – The U.S Senate has approved a measure granting pension funding relief after provisions granting the relief were attached to a broader bill dealing...
Actuary Group Discusses GASB Pension Accounting Changes
June 18, 2010 (PLANSPONSOR.com) – A new American Academy of Actuaries report indicates that a new government accounting proposal to recognize unfunded pension obligations is substantially different than...
TRS of Texas Reports Record Earnings
June 18, 2010 (PLANSPONSOR.com) - The Teacher Retirement System of Texas (TRS) Pension Fund ended the first quarter with a market value of $96.7 billion after producing an...
Adviser Who Misused Pension Funds Sentenced to Nine Years
June 18, 2010 (PLANSPONSOR.com) - John Orecchio, a former investment adviser accused of misusing funds from six union pension plans was sentenced to nine years and four months...
GASB Proposal: Pension Underfunding Reported as Liability
June 17, 2010 (PLANSPONSOR.com) – Governments would have to report as a liability on their accrual-based financial statements the unfunded portion of their pension plan under a new...
CalPERS Approves CA State Pension Payment
June 17, 2010 (PLANSPONSOR.com) – The board of the California Public Employees' Retirement System (CalPERS) has given its final approval to a proposal that requires the State of...
DiNapoli Pension Borrowing Opposition a Changed Policy?
June 16, 2010 (PLANSPONSOR.com) – New York state Comptroller Thomas P. DiNapoli is now opposing a tentative budget deal calling for the cash-strapped state to borrow billions of...
CalPERS Sets CA State Pension Payment
June 15, 2010 (PLANSPONSOR.com) – The State of California will pay approximately $3.9 billion next year for state employee pensions starting July 1, 2010, up from $3.3 billion.
Russell Announces Index Changes
June 14, 2010 (PLANSPONSOR.com) - Russell Investments has posted its official lists of companies that are set to join or leave the broad-market Russell 3000 Index when its...
TN County Participants Suing over Pension Deposit Schedule
June 14, 2010 (PLANSPONSOR.com) – Attorneys for Knox County, Tennessee and an employee group were scheduled to meet Monday on a possible settlement of a 2008 lawsuit over...
New Orleans Pension Fund Suing BP
June 14, 2010 (PLANSPONSOR.com) – The pension fund for the city of New Orleans has filed a lawsuit against BP related to the Deepwater Horizon explosion in the...
NM Lawmaker Calls for Pension Lawyer Fee Limits
June 14, 2010 (PLANSPONSOR.com) – A New Mexico lawmaker has called for limits on how much the state’s Educational Retirement Board (ERB) should pay for fees from lawyers...
NCEO Says Employer Stock Generally Wins in Court
June 14, 2010 (PLANSPONSOR.com) – A recent analysis offers some comfort for plan sponsors who have stock in their defined contribution plans.
Zurich Latest to Settle in Contingent Commission Probes
March 27, 2006 (PLANSPONSOR.com) - Zurich Financial Services Group (Zurich) announced that Zurich Holding Company of America (Zurich Holding) and Zurich American Insurance Company (ZAIC) reached a settlement...