Plan Design, Operations, Outsourcing
HR, Health Care, Post-Retirement
Economic Commentary, Investment Trends, Market Insights
Business Wins, Job Changes, Mergers and Acquisitions
Investments, Platform Enhancements, Tools and Services
Court Decisions, Legislation, Regulations
Industry Trends, Plan Benchmarks, Statistics
Attitudes and Behavior, Education and Advice
In the wake of the financial crisis of 2008, public
pension plans made several reforms including benefit cuts, and increases in the
age and tenure required to claim benefits.
The goal is a 7% discount rate.
The Securities and Exchange Commission also charged two broker/dealers in the scheme.
How to keep a plan in place
Outsourcing investment management functions continues to evolve
The California Public Employee Retirement system outlines several cost-saving strategies including changes to its health care program and its investment-management practices.
The Louisiana Firefighters’ Retirement System and other public pension funds alleged that Northern Trust breached its fiduciary duties and its contract related to the funds’ investment in the securities lending program.
Estimates show the Public Safety Personnel Retirement System will have to pay contribution refunds and retroactive benefit increases up to $220 million.
Corporate ERISA plans were helped by a significant allocation to high yield, emerging market debt and longer duration investment grade bonds.