Pa. Senators Blame Unions, Executives for US Airways Bankruptcy
September 15, 2004 (PLANSPONSOR.com) - Both Senators from Pennsylvania, the state in which more then a third of US Airways employees work, are pinning blame for the air...
Administration
Arthur Andersen Signs on to $25M Global Crossing Settlement
August 3, 2005 (PLANSPONSOR.com) - Now defunct auditor Arthur Andersen has settled an investor lawsuit about its role in the financial implosion of Global Crossing as part of...
Towers: Global Pension Funding Levels Up in Q2
August 27, 2003 (PLANSPONSOR.com) - Capital markets across the globe showed improvement during the second quarter of 2003, bringing with them improvement in the funding levels of global...
Principal: Participation, Deferral Rates Were Up in 2002
August 27, 2003 (PLANSPONSOR.com) - While several recent studies have found declining participation and deferral rates in 401(k) plans, things are apparently a bit different in The Principal...
AARP: A Third of Boomers Not Covered by Retirement Plan
August 27, 2003 (PLANSPONSOR.com) - A new study reveals that a third of Baby Boomers had no retirement plan in 1998 and could very well hit retirement age...
VRS Selects CAGM To Manage $200 Million in Hedge Fund Dollars
August 27, 2003 (PLANSPONSOR.com) - The Virginia Retirement System (VRS) has tapped CAGM Rock Creek as the second manager for its $1-billion hedge fund initiative, as the system...
Internal San Diego Report Clears Officials of Wrongdoing
August 3, 2005 (PLANSPONSOR.com) - A law firm hired to investigate the city of San Diego's troubled financial reporting practices has concluded that there isn't enough evidence of...
Wells Fargo Acquiring Benson Associates
August 27, 2003 (PLANSPONSOR.com) - Wells Fargo & Company has signed a definitive agreement to acquire institutional money manager Benson Associates LLC.
Oregon Lawmakers OK Reformed Public Pension Plan
August 27, 2003 (PLANSPONSOR.com) - After months of discussions and sometimes acrimonious wrangling, the Oregon Legislature has given its stamp of approval to a scaled-down pension plan for...
Feds Refile Pru Market Timing Case
July 15, 2004 (PLANSPONSOR.com) - Federal regulators are taking another run at five former Prudential Securities brokers and their manager in Boston in a $1.3 billion market timing...
Permira Requests Payout Promises for WH Smith Pension Debt
July 15, 2004 (PLANSPONSOR.com) - UK Private equity firm Permira is asking potential financiers of a renewed bid for WH Smith to agree that that all debts to...
PBGC: Deficit Continues to Grow
June 27, 2003 (PLANSPONSOR.com) - The steady stream of private sector defined benefit pension plans taken over by the federal pension insurer continues to push the agency further...
WorldCom Pension Loss Suit Settlement Reached
June 15, 2004 (PLANSPONSOR.com) - Former WorldCom executives have hammered out a deal to settle part of an employee lawsuit filed over the billions of dollars in lost...
Judge Tosses Prudential Broker Trading Suit
June 15, 2004 (PLANSPONSOR.com) - A federal judge dismissed a suit brought by regulators alleging six former brokers and a branch manager at Prudential Securities Inc.'s Boston office...
MA Regulator: SEC 'Needs To Do More'
June 15, 2004 (PLANSPONSOR.com) - William Galvin, secretary of the Commonwealth of Massachusetts and an active player in the ongoing mutual fund trading scandal, on Tuesday issued a...
"Relationships" Entangle Maryland Pension Fund
June 27, 2003 (PLANSPONSOR.com) - Pension fraud indictments involving Maryland's state pension fund have expanded to include members of the pension fund board.
RSA Tapped as Lead HealthSouth Bond Suit Plaintiff
June 27, 2003 (PLANSPONSOR.com) - A federal judge in Birmingham, Alabama has named that state's public pension system as the lead plaintiff in suits filed by bondholders against...
Governor's Veto Nixes Ohio STRS Investigations
June 27, 2003 (PLANSPONSOR.com) - Ohio Gvernor Bob Taft has quelled any further investigations into the State Teachers Retirement System (STRS) by vetoing budget language that would have...
Inaccuracies Plague Accounting Cost Information
June 27, 2003 (PLANSPONSOR.com) - Nearly every senior level financial executive recently said they receive inaccurate cost information at their companies.
Kentucky Fund Trustees Get on Board Mayor's VC Plan
June 27, 2003 (PLANSPONSOR.com) - The trustees of the Kentucky Teachers' Retirement System (KTRS) have backed the idea advanced by Louisville Mayor Jerry Abramson to allocate a portion...