Administration

Administration |

MMC Shuffles out CEO

December 21, 2007 (PLANSPONSOR.com) - Marsh & McLennan Cos., Inc. (MMC) has announced it will replace embattled CEO Michael Cherkasky and is evaluating strategies to boost shareholder value.
Administration |

SEI Estimates 2007 DB Discount Rate

December 19, 2007 (PLANSPONSOR.com) - Defined benefit plan sponsors with a December 31 measurement date should consider increasing the 2007 discount rate used for their pension calculations by...
Administration |

CalPERS Adjusts Asset Allocation

December 18, 2007 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) Board of Administration has adopted a new investment asset allocation for its $250 billion portfolio to...
Administration |

Texas Fund Divestiture Policy Includes Caveat

December 17, 2007 (PLANSPONSOR.com) - Texas Teacher Retirement System trustees have approved a Iran/Sudan-linked divestiture policy that calls for dropping investments only if "comparable investments offering similar quality,...