State Pension Underfunding and Contribution Decisions Hurt Credit Quality
“Current and future taxpayers are paying for the choices of prior administrations to extend generous benefits and/or not properly fund...
Tag: Public Pension
Market Returns Help Boost Institutional Investor Returns
“This quarter’s return boosted the one-year return to 10.49% for the year ending March 31, 2017,” says Robert J. Waid,...
Analysis Explores What Works Well for Public Pension Reporting
The analysis found certain themes surface with regard to systems that have developed robust communication and financial reporting initiatives.
Public Pension Shift to Alternatives Results in More Volatility
Data from Pew does not reveal a best or one-size-fits-all approach to successful investing, but there is a uniform need...
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Urban Institute Offers Public Pension Simulator
The simulator shows the potential impact of reform options on plan cost and retiree benefits.
California Plans’ Lowered Discount Rates Will Increase Pension Costs
S&P Global Ratings estimates CalPERS and CalSTRS will contribute $2 billion more a year toward pension costs.
Pension Plans of Largest U.S. Cities Offer Food For Thought
Many of the largest pension plans in the U.S. are lowering assumed long-term rates of return in light of global economic headwinds,...
The Challenge in Lowering Public Pensions’ Return Assumptions
Public plans that reduce their return assumption in the face of diminished near-term projections will experience an immediate increase in...
Most Public Pensions Saw Major Reforms Following Great Recession
In the wake of the financial crisis of 2008, public pension plans made several reforms including benefit cuts, and increases...
Former N.Y. Retirement Fund Official Charged for Pay-to-Play
The Securities and Exchange Commission also charged two broker/dealers in the scheme.
CalPERS Saves Pension Fund $922 Million in Five Years
The California Public Employee Retirement system outlines several cost-saving strategies including changes to its health care program and its investment-management...
Northern Trust to Settle Securities Lending Suit With Public Pensions
The Louisiana Firefighters’ Retirement System and other public pension funds alleged that Northern Trust breached its fiduciary duties and its...
Arizona High Court Rolls Back 2011 Pension Reform
Estimates show the Public Safety Personnel Retirement System will have to pay contribution refunds and retroactive benefit increases up to...
Asset Allocations Helped Boost Institutional Investor Returns
Corporate ERISA plans were helped by a significant allocation to high yield, emerging market debt and longer duration investment grade...
Report Rebukes N.Y. Retirement Funds’ Continued Investments in Hedge Funds
A report from Department of Financial Services Superintendent Maria T. Vullo says actions of the New York State Comptroller are...
Retirement Industry People Moves
AXA appoints divisional VP for tax-exempt retirement plan market; Integrated Retirement partners with Advaney Associates on participant communications; Connecticut Treasurer...
Court Rejects Attempt to Restore Detroit Pension Benefits
Among other things, a federal appellate court found rolling back items implemented in Detroit’s bankruptcy plan would harm countless third-parties,...
Study Finds Pension, OPEB Costs Manageable for Most Governments
But, for the worst off states, counties and cities, four options exist to improve their situations, the study says.
California Pensions Must Disclose Fees Paid to Alternative Managers
Starting in 2017, public pension funds in California must disclose fees paid to private equity, hedge, venture and absolute return...