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PLANSPONSOR NEWSDASH LOGO December 19th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Pennsylvania PSERS Ends Contract With Aon, Certifies Decrease in Contribution Rates
Pennsylvania PSERS Ends Contract With Aon, Certifies Decrease in Contribution Rates
Certain public school employees will also benefit from a reduction in the mandatory employee contribution rate to the pension fund.
Compliance
State Street, BlackRock Subpoenaed by House, Asked to Produce ESG Communications
House Republicans identify Net Zero initiatives as potentially collusive and unlawful.
Most Read
Compliance
2025 Retirement Outlook Includes Tax Reforms, Cryptocurrency and Litigation Reform
Compliance
ERIC Files Lawsuit to Invalidate Final Rules on Mental Health Parity
Ask the Experts
Do New-Plan Auto-Enrollment Rules Apply to Existing Employees?
MARKET MIRROR
Monday, the Dow rose 0.86 points (0%) to close at 37,306.02, the Nasdaq rose 90.89 points (0.61%) to close at 14,904.81 and the S&P 500 rose 21.37 points (0.45%) to close at 4,740.56. The Russell 2000 fell 2.71 points (0.14%) to close at 1,982.42, and the FT Wilshire 5000 Index gained 189.07 points (0.40%) to close at 47,932.42.

The 10-year Treasury note decreased 2/32, bringing the yield to 3.935%. The 30-year Treasury bond decreased 7/32, bringing the yield to 4.046%.
Fiduciary Forum
Annual Notice Season
Some of these documents are legally required and should be reviewed.
Deals and People
Nomination Period Open for 2024 Plan Sponsor of the Year Awards
Finalists will be recognized and winners announced at PLANSPONSOR’s annual Excellence in Retirement Awards dinner in June.
SMALL TALK
ON THIS DATE: In 1915, French singer and actress Edith Piaf, whose interpretation of the French ballad made her internationally famous, was born. In 1946, the Viet Minh, founded by Vietnamese nationalist Ho Chi Minh, began the First Indochina War against France. In 1966, the United Nations General Assembly endorsed the Outer Space Treaty, an international treaty binding the parties to use outer space only for peaceful purposes. In 1971, the sci-fi drama “A Clockwork Orange,” Stanley Kubrick’s adaptation of a novel by Anthony Burgess, had its world premiere; although widely acclaimed, the movie’s violent and sexually explicit scenes proved controversial, and it received an X rating when released in the U.S. In 1974, Nelson Aldrich Rockefeller was sworn in as the 41st vice president of the U.S., succeeding Gerald Ford, who had been elevated to the presidency following the resignation of Richard Nixon. In 1997, James Cameron’s “Titanic,” a drama about the doomed ocean liner starring Leonard DiCaprio and Kate Winslet, premiered; it later became one of the highest-grossing movies of all time. In 1998, the U.S. House of Representatives impeached President Bill Clinton, charging him with perjury and obstruction of justice, though Clinton was acquitted by the Senate the following month. In 2012, Park Geun-Hye became the first female to be elected president of South Korea; she was sworn into office the following year; however, she also became the country’s first democratically elected president to be removed from office when she was impeached in 2017.
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