The SEC charged the bank for a pay-to-play scheme to win contracts to service Ohio pension funds.
Tag: Public Plans
The enhancements include additional tools to help educate participants about saving for retirement.
Flat returns, lowered assumptions and changing participant demographics will erode funded ratios, according to a report from Milliman.
The city of Providence, Rhode Island, claimed its long-time actuary, Buck Consultants, incorrectly estimated savings it would see from suspending COLAs for retirees.
Thinking the retirement industry has failed to deliver on its goals, state governments are trying to get into the retirement business.
Amend ERISA pre-emption to expand private-sector coverage, argues a new report from the GAO.
Public-sector retirement plan participants can conduct transactions through their mobile devices.
Analyses of the cost effectiveness of DB plans ignore pension debt, according to one researcher.
Will this solution create new problems?
The changes are intended to encourage federal employees to leave their balances in the TSP after they leave federal service.
Research suggests that public employees who have their pension benefits reduced will not likely improve savings behaviors to make up for it.
President Obama signed a law lowering the age at which federal public safety officers can tap retirement accounts without penalty.
A Montana teachers' union claims a reduction in retirees' pension payments is unconstitutional.
The Supreme Court in New Jersey has found that the pension contributions promised in 2011 reform are not part of an enforceable contract.
The settlement resolves six of nine lawsuits against the state.
Rhode Island will now disclose fees it pays to investment managers, according to news reports.
A recently issued code of conduct defines reasonable practices for public pension service providers, but are there practices public pensions should adhere to themselves?
A California state appellate court found allegations supported an investment manager’s claim that it had entered into an oral agreement with CalPERS.
An audit report notes the Utah Retirement System has shifted substantially to alternative investments, with mixed results.
“The code of conduct is a valuable tool to ensure that fiduciaries and plan providers are working together in the best interests of participants and beneficiaries,” says Hank Kim, Esq., NCPERS executive director and counsel.