Benefits | January 2nd, 2015 Judges Sue CalPERS over Pension Change Six elected judges say a new pension law in California was illegally applied to them retroactively.
Benefits | January 2nd, 2015 Cincinnati Strikes Deal for Pension Solvency The city of Cincinnati will pay higher contributions to its pension system under a new agreement.
Benefits | December 23rd, 2014 Incentives Get Teachers to Switch to DC Plan A new research report suggests public school teachers would not choose a DC retirement plan over a DB retirement plan...
Administration | December 17th, 2014 MOSER Participants’ Accounts Hacked The Missouri State Employees Retirement System confirmed four instances of hackers accessing participant accounts.
Data and Research | December 17th, 2014 Little Change in Retirement Assets in Q3 ICI’s latest quarterly assessment shows retirement assets account for 36% of all household financial assets in the United States.
Benefits | December 16th, 2014 Governments Likely to Focus on Reducing OPEB Costs State and local governments, overall, face significant costs for post-retirement benefits.
Products | December 16th, 2014 NAGDCA Publishes Best Practices for DC Plan Communications A guide from NAGDCA lists elements DC plan sponsors should include in participant communications and education.
Deals and People | December 12th, 2014 NFP Acquires Foran Insurance and Advisory Services NFP says acquisition of Foran’s insurance and advisory team expands its footprint and capabilities in New England markets.
Administration | December 4th, 2014 Changes Ahead for Public DBs Changes ahead for public defined benefit plans may call for new investing and funding strategies.
Benefits | December 2nd, 2014 Governments Report Efforts to Tame Health Benefit Costs Rising health care costs over the last decade have prompted many local governments to make changes to their plans and...
Administration | November 26th, 2014 CalPERS Reports Cost-Cutting Actions The California Public Employees' Retirement System (CalPERS) reported about efforts that have saved the pension fund more than $162 million...
Benefits | November 24th, 2014 Study Suggests Majority of Public Pensions Financially Sound Confidence continues to rise among public pension plan administrators about the sustainability of their funds and their readiness to address...
Benefits | November 24th, 2014 Illinois Pension Reform Found Unconstitutional An Illinois judge has ruled that pension reforms signed into law in December 2013 violate a clause of the Illinois...
Administration | November 18th, 2014 Saving Public DBs a Matter of Pension Fund Math Defined benefit (DB) plans are the primary vehicle for ensuring retirement income security for public workers, and Callan Associates believes...
Investing | November 13th, 2014 CalSTRS Set to Bring More Assets In-House The California State Teachers’ Retirement System (CalSTRS) announced the completion of its Investment Branch leadership restructuring.
Administration | November 12th, 2014 Public Pensions May Need to Lower Return Assumptions Funded ratios of public pension plans rose modestly from last year, but remain near 70% despite several strong years of...
Compliance | November 12th, 2014 State Street Public Plan Solicitation Practices Investigated State Street Corporation has revealed it is under investigation for its solicitation of asset-servicing business for public retirement plans.
Administration | November 10th, 2014 Detroit’s Bankruptcy Plan Approved A federal judge last week approved the city of Detroit’s plan to get out of bankruptcy.
Administration | November 6th, 2014 Corporate Pension Funded Status Slips in October The funded status of the typical U.S. corporate pension plan fell 0.4 percentage points to 89.5% in October, according to...
Investing | November 5th, 2014 CalPERS Receives $249M from Bank of America Settlement The California Public Employees’ Retirement System (CalPERS) has received $249.3 million in damages from Bank of America.