An open letter penned by Connecticut State Treasurer Denise Nappier presents an articulate defense and endorsement of ESG investing programs—in this case suggesting divestment from gun manufacturers may be in the best long-term financial interest of the state’s pensioners and other stakeholders.
Tag: Pension funding
Under a new bill in the California legislature, the state’s Human Resources Department would administer and oversee a defined contribution-type program for state employees, redirecting matching contributions that otherwise would be paid into the state pension system.
Voya Investment Management has pledged to adopt six basic principles to promote and support the use of environmental, social and governance investing programs.
Melbourne Mercer Global Pension Index Urges Countries With Unsustainable Pension Systems to Take Action Now
The index’s ninth edition looks at how unsustainable pension systems in some countries need to learn from leading countries or risk creating intergenerational equity issues and disappointed retirees.
Discussion in the new appellate decision lays out some important distinctions regarding the initial district court’s decision to dismiss the lawsuit, weighing arguments of standing and mootness.
If IRS adds additional disaster areas in connection with its own filing extensions, any person responsible for meeting a PBGC deadline that is located in those additional areas will also be granted relief.
The Annual Funding Notice requirements implemented by the Pension Protection Act have been somewhat helpful but could be significantly improved, according to the American Academy of Actuaries.
A study by the CRR finds that state and local pension funding is expected to improve in 2017 due to strong market returns, but a new approach to providing adequate contributions is needed to make the most out any recovery.
Retirement plan industry stakeholders are asked what objectives and projects the pension insurance agency should prioritize in the years ahead.
American General Life Insurance Company and Massachusetts Mutual Life Insurance Company have agreed to take on $1 billion of Accenture’s pension obligations.
Due to strong market performance during Q1 2017, the funded status improved for the 100 largest public DB plans in the country, Milliman finds.