Compliance | April 3rd, 2015 Rhode Island Reaches Pension Accord With Some Unions If approved, a proposed settlement will end litigation from six challenges that arose from changes made to Rhode Islands’ public...
Benefits | March 20th, 2015 R.I. Proposes New Settlement of Pension Reform Suit Unions and retirees must now vote on a new proposal by Rhode Island officials.
Compliance | March 16th, 2015 County Says Consultant Responsible for Retirement Plan Bias Baltimore County, Maryland, says it relied on Buck Consultants' advice, maintaining provisions of its retirement plan during litigation by the...
Administration | March 13th, 2015 Most States Meeting Commitments to Fund Pensions Despite perceptions that many states have fallen far short of their pension funding requirements, most states have made a reasonable...
Benefits | March 9th, 2015 Congressman Proposes Reduction in Federal Pension The Congressional Budget Office estimates that the proposed change would save taxpayers $3.1 billion over 10 years.
Administration | March 4th, 2015 State-Sponsored Pensions Reach 80% Funded Status Wilshire Consulting also reported that corporate pensions reached a 77.2% funding ratio in February.
Benefits | March 2nd, 2015 NYC Aims for Private Sector Retirement Program in 2015 New York City has launched the New York City Retirement Security Study Group, a panel tasked with advancing private-sector retirement...
Products | February 25th, 2015 LGIMA Expands Beyond Corporate DB Plan Market LGIMA has hired Mark Toomey, senior client portfolio manager, to assist with its expansion.
Compliance | February 24th, 2015 Judge Orders New Jersey to Pay Pension Contribution An attempt by Acting Attorney General of New Jersey John J. Hoffman to find the 2011 pension reform Governor Christie...
Administration | February 24th, 2015 Well-Funded Public Pensions Share Common Traits The Center for State and Local Government Excellence examined four public pension systems with a long tradition of being well-funded...
Benefits | February 11th, 2015 Report Shows State Shifts from DB to DC Are Costly The National Institute on Retirement Security says three states’ switch from a defined benefit pension to a defined contribution plan...
Investing | February 9th, 2015 Master Trusts See Sixth Year of Gains All plan types had a median return of 1.70% in Q4 2014.
Investing | February 3rd, 2015 S&P Agrees to Compensate California Pension Funds The nation’s largest public pension funds will receive damages for losses on investments improperly rated by Standard and Poor’s.
Benefits | January 30th, 2015 Panel Suggests Military Retirement Benefit Changes A panel has recommended cutting back defined benefit pensions for military personnel and adding a defined contribution plan.
Benefits | January 16th, 2015 Oregon Task Force Recommends Creation of Retirement Plan A committee tasked with considering a state-established retirement plan for private-sector employees has issued its recommendation report.
Benefits | January 15th, 2015 Former CalPERS Board Member Accused of Bribery Dies Alfred R. Villalobos, accused of bribing CalPERS officials to benefit investment firms, was set to go to trial February 23.
Compliance | January 14th, 2015 Lawyer Argues for Reinstatement of Illinois Pension Reform In an amicus brief, a lawyer argues that striking down Illinois’ pension reform law violates the U.S. Constitution.
Compliance | January 12th, 2015 J.P. Morgan Settles Lawsuit for $500M J.P. Morgan has agreed to pay approximately $500 million to settle a class-action lawsuit over poor-quality mortgage-backed securities.
Administration | January 6th, 2015 Pension Fund Performance Suffered in December The funded status of U.S. corporate pensions dropped to 87.3% in the last month of 2014, according to BNY Mellon...
Benefits | January 5th, 2015 Illinois Establishes Retirement Plan for Private-Sector Workers A bill establishing the Illinois Secure Choice Savings Program has been signed into law.