Administration | April 15th, 2019 Contributions and Asset Returns Give State Pensions a Positive 2018 Wilshire Consulting also reports significant changes to state pensions’ allocations to equity and real assets over the past decade.
Investing | April 11th, 2019 DB Plans Can Afford to Loosen Up on Target Allocations Two separate reports suggest that public pension plans’ strict adherence to target allocations and corporate pension plans’ focus on bonds...
Compliance | March 18th, 2019 SEC Says Public Pension Funds Duped by County Manager The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to...
Data and Research | February 14th, 2019 Public Pension Plan Sponsors Struggle to Contribute Sufficiently to Plans Employer contributions to public pensions fell below certain benchmarks for improving plan funded status, and the Society of Actuaries suggests...
Investing | February 8th, 2019 Public Pensions Report Strong 2018 Returns Between nearly doubled investment returns, stable contributions and cost-effectiveness, the "2018 NCPERS Public Retirement Systems Study” shows an increase in...
Investing | January 29th, 2019 Public DB Plans Invest More in Risker Assets Than Private Plans Research from the Center for Retirement Research (CRR) at Boston College also suggests public defined benefit (DB) plan return assumptions...
Compliance | January 23rd, 2019 Society of Actuaries Releases Public Retirement Plan Mortality Tables It developed the new tables to give pension actuaries and plan sponsors current information to assist in setting mortality assumptions...
Administration | November 28th, 2018 Proposals Could Further Erode Perceived Health of Public Pensions Reporting proposals from the Actuarial Standards Board and Congress, as well as new proposed mortality tables from the Society of...
Compliance | October 26th, 2018 New York AG Accuses Exxon of Misleading Investors About Climate Change Risk The New York State Common Retirement Fund and the New York State Teachers Retirement System hold Exxon shares with a...
Administration | October 19th, 2018 OPERS Reduces Return Assumptions OPERS said the move is expected to lower its funding level, but increase the time in which it can pay...
Administration | September 19th, 2018 Funding Level Rises for City and County Pension Plans “The increase in global equity values for the 12-month period ending June 30, 2017 was a primary driver of the...
Compliance | August 28th, 2018 SOA Proposes New Public Pension Mortality Tables The SOA said it developed the new tables once it was determined that public pensions have differing levels of mortality...
Compliance | August 8th, 2018 San Diego’s Move to DC Plan in Limbo The California Supreme Court has asked an appellate court to review a proposal approved by voters in 2012 to place...
Investing | August 7th, 2018 Fees Negatively Correlated With Public Plans’ Ability to Meet Benchmarks Alternative investments charge higher fees than traditional asset classes such as public equities and fixed income, and according to a...
Investing | August 3rd, 2018 PanAgora Suggests New Investing Strategy for Public DB Plans “A cap-weighted strategy skews its way toward the largest stocks, but if plan sponsors own equities in a much more...
Data and Research | July 13th, 2018 Asset Class Returns Account for Disparity in Public DB Plan Performance Results However, the Center for Retirement Research (CRR) at Boston College found portfolio allocation did account for about one-quarter of the...
Compliance | March 27th, 2018 Willis Towers Watson Reaches Settlement With City of Houston The original lawsuit alleged negligence and professional malpractice by Willis Towers Watson in its actuarial work for the city; the...
Investing | March 19th, 2018 Gun Divestment Bill Introduced in Massachusetts Legislature State pensions have a history of “talking with their feet” in a show of activism against undesirable products or actions.
Compliance | February 28th, 2018 W. Va. Bill Would Criminalize Failure to Make Public Pension System Contributions Under the proposed legislation, any employer or public official who willfully fails to make contributions to public pension plans can...
Data and Research | February 15th, 2018 Case Study Warns of Effect of Move From Public DB to Public DC The NIRS studied the case of Palm Beach, Florida, which it says offers “an important cautionary tale on the detrimental...