N.J. Unions Call on Pension Plan to Get Out of Alternatives
A plan presented to the State Investment Council suggests the public fund should re-allocate hedge fund money into a 60/40...
Tag: Public Pension
CalPERS Secures $130 Million in Settlement from Moody’s
CalPERS announced the settlement of a Great Recession-era lawsuit against Moody's and Moody's Investors' Services, bringing total recovery from the...
CalSTRS Suing Volkswagen
The public fund giant says VW’s purposeful deception in defeating air quality controls on millions of diesel vehicles polluted the...
High Court Denies Review of N.J. Pension Contribution Case
This leaves in place a New Jersey Supreme Court decision that contributions agreed upon in 2011 pension reform are not...
Ill. Considering Use of Private-Sector Tactics to Reduce Pension Liability
Two bills propose to offer retirees lump-sum payments.
Retirement Industry People Moves
A new pension risk transfer consultant at Channel Financial Pension Services, Groom Law Group adds executive compensation expertise, and CalPERS...
CalPERS Explains a Tough Benefit Denial Decision
The CalPERS Board determined that pay granted as a lawsuit settlement was not pay that could be included in pension...
Report Reveals Stress Points in NYC Pension System
New York City’s Bureau of Asset Management has to improve its pension oversight, the report says.
GASB 68 a Wake Up Call for Local Governments
Researchers found that for 92 cities, the unfunded liability as a percentage of revenue rises from 37% before GASB 68...
State Street Will Pay $12M in Pay-to-Play Case
The SEC charged the bank for a pay-to-play scheme to win contracts to service Ohio pension funds.
JP Morgan Settles Securities Case with Public Pension Funds
The lawsuit claimed JP Morgan misled investors about its trading activity, inflating the price of its stock before suffering large...
GASB Issues Several New Standards for Governmental Plans
The guidance is related to accounting and financial reporting of fiduciary activities, certain asset retirement obligations, and pension issues.
Conn. Treasurer Says No Way to 'Earn' out of Underfunding
Discussing the governor’s pension reform initiatives, the treasurer said there is no investment strategy that will solve the problem; the...
Items Coming from the GASB in December
The Governmental Accounting Standards Board has announced a number of projects it will complete before the end of 2015 that...
Public Pensions Face Imminent Funding Challenges
Flat returns, lowered assumptions and changing participant demographics will erode funded ratios, according to a report from Milliman.
CalPERS Adopts Funding Risk Mitigation Policy
The plan did not get a good reaction from the governor.
City’s Retirement Plan Claims Against Buck Dismissed
The city of Providence, Rhode Island, claimed its long-time actuary, Buck Consultants, incorrectly estimated savings it would see from suspending...
Pension Plans Get a Positive Push from the Market in October
Institutional investors of all types found relief from market headwinds.
Institutional Investors See Worst Quarter in Four Years
Global equity returns weighed heavily on the median returns for all plan types in the third quarter, according to Wilshire...
Q3 Market Drop Socks It to Institutional Investors
However, Corporate ERISA plans were the relative best performer among plan types last quarter.