Many Nonprofits Lack Financial Knowledge
March 9, 2012 (PLANSPONSOR.com) - Approximately 76% of nonprofits responding to a survey consider themselves to be knowledgeable in financial principles and concepts.
Administration
Target-Date Funds Lag Benchmarks
March 8, 2012 (PLANSPONSOR.com) - The latest S&P Target Date Scorecard indicates that further-dated target-date funds are continuing to generally have lower cross-sectional ranges of equity exposure than...
Directors and Officers Pursuing More Protection from Litigation
March 7, 2012 (PLANSPONSOR.com) - An increasing number of corporate directors and officers are showing more interest in the insurance programs their companies use to protect them against...
Directors and Officers Pursuing More Protection from Litigation
March 7, 2012 (PLANSPONSOR.com) - An increasing number of corporate directors and officers are showing more interest in the insurance programs their companies use to protect them against...
STRS Ohio Changes Actuarial Assumptions
March 6, 2012 (PLANSPONSOR.com) – At the recommendation of its actuarial consultant, the board of the State Teachers Retirement System (STRS) of Ohio approved changes to actuarial assumptions...
Milliman Sees Pension Funding Improvement in February
March 6, 2012 (PLANSPONSOR.com) – In February, corporate pension plans experienced a $20 billion improvement in funding, according to Milliman's Pension Funding Index.
Pension Spending Supports Jobs and Economic Output
March 6, 2012 (PLANSPONSOR.com) - A new economic impact study finds that pension benefit expenditures provide an economic stimulus to the economy, including more than $1 trillion in...
Pension Plan Funding Levels Declined in 2011
March 6, 2012 (PLANSPONSOR.com) - The average funded status of Fortune 1000 pension plans were reduced by four percentage points during 2011.
State Pensions See Bump in Funded Status
March 5, 2012 (PLANSPONSOR.com) - Wilshire’s 2012 Report on Funding of State Retirement Systems shows an increase in the...
Downturn Spurs Public DB Plan Efforts to Address Sustainability
March 2, 2012 (PLANSPONSOR.com) - Since 2008, the combination of fiscal pressures and increasing contribution requirements has spurred many states and localities to take action to strengthen the...
S&P 1500 Pension Plans See Increase in Funded Status
March 2, 2012 (PLANSPONSOR.com) - The aggregate deficit in pension plans sponsored by S&P 1500 companies was $410 billion on February 29, 2012.
Pension Plan Funded Status Rises in February
March 2, 2012 (PLANSPONSOR.com) - The typical U.S. corporate pension plan’s funded status rose 2.1% in February.
Funding Shortfalls Increase for Largest Pensions
February 29, 2012 (PLANSPONSOR.com) - Liabilities still outpaced the growth in assets for the 16 publicly listed U.S. corporations with pension liabilities over $20 billion, according to an...
DB Risk Management Increasingly Focused on Liabilities
February 29, 2012 (PLANSPONSOR.com) - Plan sponsors of the largest U.S. defined benefit (DB) pension plans are deepening their risk management focus on plan liabilities.
State Street Forex Practices Investigated
February 27, 2012 (PLANSPONSOR.com) - State Street Corp. said on Monday the U.S. attorney in Manhattan and the New York attorney general are investigating its foreign exchange trades.
529 Assets Jump in Q4 2011
February 27, 2012 (PLANSPONSOR.com) – Total 529 college savings plan assets were an estimated $144.4 billion in Q4 2011, according to data from Financial Research Corporation (FRC), a...
Pre-Funding Can Shave Billions off Calif. OPEB Cost
February 24, 2012 (PLANSPONSOR.com) – California State Controller John Chiang released an actuarial report showing the 30-year cost of providing health and dental benefits for state retirees is...
Lost Pension Assets by Japan Investment Managers Sparks Larger Probe
February 24, 2012 (PLANSPONSOR.com) - Japan's financial regulator halted operations of a Tokyo money-management company after finding it allegedly lost billions of dollars in client money.
Ford Announces Strategy to Reduce DB Plan Risk
February 22, 2012 (PLANSPONSOR.com) – Ford Motor Co. announced a long-term strategy to reduce the risk of its funded defined benefit (DB) plans.
Calif. Local Pension Systems in Debt More than $130B
February 21, 2012 (PLANSPONSOR.com) – A report found California’s local independent pension systems are more in debt than other state systems.