Luzerne County (Again) Runs Into Legal Fee Roadblock
May 27, 2004 (PLANSPONSOR.com) - A judge has again denied Luzerne County's request to use pension funds to cover legal expenses, this time due to the County's improper...
Administration
AK to Determine Role of Mercer Miscalculations in Pension Shortfall
May 3, 2006 (PLANSPONSOR.com) - Alaska's Senate Finance Committee has appropriated $400,000 to hire a law firm to investigate the state's pension liability and whether advice from Mercer...
Defendants in SD Pension System Trial Ask for Venue Change
May 3, 2006 (PLANSPONSOR.com) - The defendants in the federal pension fraud case have requested the trial be moved outside the city claiming that the jurors in the...
FASB Clarifies Accounting Changes for Not-for-Profit Orgs.
May 3, 2006 (PLANSPONSOR.com) - The Financial Accounting Standards Board (FASB) has prepared examples to clarify the effect of proposed accounting changes for pensions and other post-employment benefits...
So Much For Immunization: Boots Socks Total Bond Allocation
May 27, 2004 (PLANSPONSOR.com) - Famous for a pension investment portfolio that was entirely concentrated in bonds, United Kingdom (UK) retailer Boots PLC announced plans to shift assets...
SD City Council Narrows Legal Defense Guarantee for Ex-Pension Execs
May 3, 2006 (PLANSPONSOR.com) - San Diego's City Council on Tuesday repealed an ordinance that would have paid for a comprehensive legal defense for the six ex-trustees of...
Nestle Shareholders Reject Pension Fund Dual Exec Prohibition
April 15, 2005 (PLANSPONSOR.com) - In a scenario that echoed goings-on at The Walt Disney Co., food group Nestle has successfully fought off a corporate governance proxy initiative...
Employers Still Bailing From DB Plans
April 27, 2004 (PLANSPONSOR.com) - The times are definitely changing when it comes to defined benefit pension plans.
IBM Shareholders Say OK to Options Expensing
April 27, 2004 (PLANSPONSOR.com) - IBM shareholders have thrown their backing behind a non-binding proposal that urges the computer giant to treat stock options as an expense -...
CalPERS Leans on KKR in Safeway Vote
April 27, 2004 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) is now threatening to use its investment leverage with Kohlberg Kravis Roberts & Co. to press...
Janus Settles Up
April 27, 2004 (PLANSPONSOR.com) - Janus Capital Group Inc. has announced that it will pay $225 million to settle allegations that it allowed improper trading of its fund...
UK Pension Shortfalls Improve
April 3, 2006 (PLANSPONSOR.com) - The collective pension shortfall in FTSE 100 UK pension plans was down to £60 billion in March, according to data from Deloitte &...
Golden State Guidelines Proposed for Venture Capital Disclosures
April 15, 2005 (PLANSPONSOR.com) - A California state legislator has introduced a bill that would establish common disclosure guidelines for venture capital firms when they accept money from...
SC Pension Reform Bills Differ Sharply
April 15, 2005 (PLANSPONSOR.com) - South Carolina's two competing pension reform bills differ sharply regarding who is picking up the final costs, according to The Columbia State newspaper.
Montana Pension Officials Hold Summit Meeting
April 3, 2006 (PLANSPONSOR.com) - Officials at Montana's two public pension funds are putting their collective heads together starting Monday in an effort to find ways the plans...
OR Retirement Board OKs Reserve Use
April 3, 2006 (PLANSPONSOR.com) - The board of the Oregon Public Employees' Retirement System (PERS) approved 3-2 a proposal to put $1.6 billion in reserves back into the...
Alaskan Senators Propose DC Plans for Public Employees
March 15, 2005 (PLANSPONSOR.com) - Two Alaskan state senators have introduced a bill that would create defined contribution retirement plans for public employees, following the lead of other...
Think Tank Recommends that Louisiana Consolidate Pension Plans
March 15, 2005 (PLANSPONSOR.com) - A nonprofit think tank has called for Louisiana to combine the management of its four largest pension funds to save costs and produce...
CalPERS Adopts Director Majority Vote Plan
March 15, 2005 (PLANSPONSOR.com) - The board of the California Public Employees' Retirement System (CalPERS) has adopted a multi-pronged approach to advocate majority voting procedures for corporate directors.
Alliance Capital Takes $5M charge for Potential Directed Brokerage Settlement
March 15, 2005 (PLANSPONSOR.com) - New York money manager Alliance Capital Management Holding L.P. announced Tuesday that it has kicked off settlement talks with the NASD of improper...