Public DBs May Lose Ground on Funding Progress
However, all but the worst-funded plans will maintain sufficient assets from which to pay benefits, a study finds.
Tag: public DB plans
State Pensions at Lowest Funded Level in 30 Years
Negative returns for most asset classes caused by COVID-19’s stress on the financial markets caused an estimated 12.2 percentage point...
Fixed Income Allocations Suppressed Potential Losses for ERISA Pension Plans
Of the three institutional segments tracked by Northern Trust, corporate ERISA pension plans performed the best during 1Q 2020.
Retirees Returning to the Public Sector Face Limitations
The growing need for public-sector employees has retirees willing to return to work, but limitations on public pensions and Social...
Fees Significantly Vary Performance for Public DB Private Equity Investors
A report from Stanford University and Harvard Business School researchers provides food for thought about fee negotiations with private equity...
Public-Sector Employers Have Incentive to Keep Retiree Benefits Viable
The value public-sector employees place on retiree health and pension benefits is worth the effort of finding solutions to keep...
What States Are Doing to Offset Lower Assumed Returns
Shifts in investments and changes to employer contributions are being used to mitigate the funded status effects of lower return...
Fixed Income Played Role in Increasing Institutional Investor Returns
Corporate ERISA pension plans reported the highest median return of the three segments tracked, and had the highest allocation to...
States Have Made Progress in Partly Mitigating Funding Risk
An S&P Global Ratings report says states’ policy decisions, not market volatility, are likely the greatest future financial risk.
Municipal DB Plans Face Increased Cost Pressures
While this is in part due to expected market performance and changing demographics, S&P Global Ratings points to plan sponsor...
Variable Arrangements Can Introduce Stability to Public DB Plans
A report presents case studies that show variable benefit and/or variable contribution arrangements “enable all stakeholders to understand how, when,...
Public-Sector Employees Shouldering More Risk in Retirement Plans
NASRA says since 2009, more than 35 states increased required employee contribution rates, and more states maintain plans in which...
New York State Public Retirement Fund Assumed Rate of Return Lowered
“As in years past, we’re taking the responsible action of lowering our assumed rate of return now so we can...
Case Studies Suggest Move From Public Pensions Hurts Taxpayers
Experiences of four states that moved from traditional defined benefit (DB) plans to cash balance or defined contribution (DC) plans...
Decline in Assumed Returns Increased Public Pension Plan Costs
Researchers found a decline in assumed rates of return due to lower assumed inflation combined with a change in asset...
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State and Local Governments Eye ESG Investing Strategies for Returns and Impact
US SIF’s Lisa Woll provides examples of strategies public pension funds are using to incorporate environmental, social and governance (ESG)...
Case Study Shows How to Improve Public DB Investment Allocation Process
The San Bernardino County Employees’ Retirement Association uses knowledge management and InvestTech to make better-informed portfolio rebalancing decisions.
Contributions and Asset Returns Give State Pensions a Positive 2018
Wilshire Consulting also reports significant changes to state pensions’ allocations to equity and real assets over the past decade.
SEC Says Public Pension Funds Duped by County Manager
The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to...
Public Pension Plan Sponsors Struggle to Contribute Sufficiently to Plans
Employer contributions to public pensions fell below certain benchmarks for improving plan funded status, and the Society of Actuaries suggests...