Tag: Defined Benefit

ICC Master Trust Bulls Ahead to 10.9% Second Quarter Advance

July 28, 2003 (PLANSPONSOR.com) - Buoyed by strong equity returns and fixed income gains, the median master trust in the Independent Consultants Cooperative (ICC) universe - made up of US pensions, endowments and foundations - roared to a 10.9% second quarter gain.

Fisher Departs #2 Treasury Post

July 9, 2003 (PLANSPONSOR.com) - Peter Fisher, the US Treasury Department's undersecretary for domestic finance who helped manage the administration's position on phasing out the 30-Year Treasury bond, is stepping down from the post.

Oregon PERS Reform Bill Sails On to State Senate

May 5, 2003 (PLANSPONSOR.com) - Efforts to reform the ailing Oregon Public Employees Retirement System (PERS) moved significantly closer to reality when the state's House of Representatives OK'd a bill that slashed the pensions of 160,000 public employees and 20,000 recent retirees.

Oregon Governor Proposes Sweeping PERS Reforms

April 18, 2003 (PLANSPONSOR.com) - Oregon Governor Ted Kulongoski has proposed sweeping reforms for the state's ailing Public Employees Retirement System (PERS) including throwing out the current 8% yearly return guarantee for some members.

American Airlines Moves to Protect Executive Retirement Funds

April 17, 2003 (PLANSPONSOR.com) - AMR Corp, the parent company of American Airlines, established two new executive perks last year in an order to protect retirement income in the event of bankruptcy and provide an additional incentive for the top brass to stay on.

Oregon Panel Unanimously Backs Pension Separation Legislation

March 28, 2003 (PLANSPONSOR.com) - Oregon state lawmakers will be forced out of the state pension system and into a new 401(k) plan under a bill that unanimously passed the state House of Representatives Public Employees Retirement System (PERS) Committee.