Alaska Settles With Former Actuary
June 11, 2010 (PLANSPONSOR.com) – The state of Alaska has struck a half-billion dollar deal with its former actuary.
Administration
CalPERS Contribution Request Back On
June 11, 2010 (PLANSPONSOR.) – The California Public Employees' Retirement System (CalPERS) is preparing to ask for another $700 million from the state and school districts.
Highway Patrol on the Lookout for Microcap Manager
June 10, 2010 (PLANSPONSOR.com) – The Ohio Highway Patrol Retirement System (HPRS) has issued a $10 million request for proposal (RFP) for a domestic microcap...
Florida Officials Approve Pension Asset Targets Changes
June 9, 2010 (PLANSPONSOR.com) – The Florida state Board of Administration has approved a revised investment policy for Florida's state retirement fund to reduce its asset allocation targets...
Financial Professionals Still not Getting Salary Bump
June 8, 2010 (PLANSPONSOR.com) - A majority of financial professionals are still not receiving salary increases, according to a survey conducted by Financial Executives Research Foundation.
FRC Says Fund Sales to Moderate in 2010
June 7, 2010 (PLANSPONSOR.com) - Mutual fund net sales posted a record-high year in 2009 and despite their strong flows year-to-date through April ($187 billion), Financial Research Corporation...
Pension Plan Funding Falls with Interest Rates, Equity Values
June 7, 2010 (PLANSPONSOR.com) - The financial health of pension plans has suffered an $84-billion setback over the last two months caused by concurrently falling interest rates and...
L.A. County Arizona Boycott Includes Govt. Bonds
June 7, 2010 (PLANSPONSOR.com) – The Los Angeles County Board of Supervisors has approved a boycott of Arizona over a controversial illegal immigration law that includes selling off...
U.S. Equity Trading Falls Short
June 7, 2010 (PLANSPONSOR.com) - Commissions paid by institutional investors to brokers on trades of U.S. equities are falling far short of projections to this point in 2010,...
Municipal Pension Funds Losing Ground
June 7, 2010 (PLANSPONSOR.com) – A new study of municipal finances finds that most major U.S. cities suffered a “marked deterioration” in their pension funding status from a...
Former Lehman Exec Asks Judge to Dismiss Suit
June 7, 2010 (PLANSPONSOR.com) - Lehman Brothers Holdings Inc.’s ex- Chief Executive Officer Richard Fuld asked a judge to dismiss a lawsuit accusing him and his colleagues of...
NY State Fund Shifts Asset Targets
June 7, 2010 (PLANSPONSOR.com) –The New York State Common Retirement Fund has cut its target share of investments in domestic and international stocks and hedge funds and increased...
Baltimore Lawmakers toTake up New Pension Bill
June 7, 2010 (PLANSPONSOR.com) – Baltimore lawmakers are scheduled to consider a new bill reforming the city’s police and fire pension system.
CalSTRS Board Puts Off Return Rate Cut
June 7, 2010 (PLANSPONSOR.com) – The California State Teachers' Retirement System (CalSTRS) has put off trimming its assumed rate of return from 8% to 7.5% - a move...
Unions Sue Baltimore for Underfunding Pension Plan
June 4, 2010 (PLANSPONSOR.com) - Baltimore's police and firefighters' unions have filed a lawsuit against the city in federal court, contending that officials "knowingly underfunded" their pension plan...
SD County Cuts Assumed Rate of Return to 8%
June 4, 2010 (PLANSPONSOR.com) – San Diego County and active county employees will have to pay more into the county’s pension plan after the plan cut its annual...
No Criminal Charges in Millard PBGC Probe
June 3, 2010 (PLANSPONSOR.com) – An investigation by the Inspector General of the Pension Benefit Guaranty Corporation (PBGC) into illegal procurement practices by a former director has concluded...
Pension Fund Suit against Rating Agencies Dismissed
June 1, 2010 (PLANSPONSOR.com) - A Manhattan federal judge said it is unfair to hold Moody's Investors Service and Standard & Poor's liable as "underwriters" on securities offerings...
Pension Plans only Slightly Healthier
June 1, 2010 (PLANSPONSOR.com) - In 2009, the financial health of defined benefit pension plans in publicly-traded U.S. companies improved only somewhat from 2008 lows, according to Mercer’s...
Canadian DB Plans on Wild Ride
June 1, 2010 (PLANSPONSOR.com) – The significant volatility in the equity and bond markets since the beginning of May has hurt the accounting positions of Canadian defined benefit...