Society of Actuaries Releases Public Retirement Plan Mortality Tables
It developed the new tables to give pension actuaries and plan sponsors current information to assist in setting mortality assumptions...
Tag: public defined benefit (DB) plans
Study Supports DB Plans Over DC Plans for Teachers
The study, which evaluated pensions against hypothetical 401(k) plans, finds 77% of teachers in six states will work long enough...
Proposals Could Further Erode Perceived Health of Public Pensions
Reporting proposals from the Actuarial Standards Board and Congress, as well as new proposed mortality tables from the Society of...
Institutional Investors Maintain Positive Performance in Q3 2018
BNY Mellon says higher allocations to U.S. equity drove outperformance as U.S. fixed income sustained its streak as the lowest...
New York AG Accuses Exxon of Misleading Investors About Climate Change Risk
The New York State Common Retirement Fund and the New York State Teachers Retirement System hold Exxon shares with a...
Generalizations Do Not Show the True Picture for Public Pensions
Looking at the average funded ratio of all public pensions leads to generalizations, but dividing them into groups shows many...
OPERS Reduces Return Assumptions
OPERS said the move is expected to lower its funding level, but increase the time in which it can pay...
Analysis Finds Shift Away from U.S. Equity in Favor of Other Asset Classes
Corporate plans have significantly increased their U.S. fixed income allocation, while public plans have used the funds from U.S. equity...
Funding Level Rises for City and County Pension Plans
“The increase in global equity values for the 12-month period ending June 30, 2017 was a primary driver of the...
SOA Proposes New Public Pension Mortality Tables
The SOA said it developed the new tables once it was determined that public pensions have differing levels of mortality...
San Diego’s Move to DC Plan in Limbo
The California Supreme Court has asked an appellate court to review a proposal approved by voters in 2012 to place...
Institutional Investor Returns Rebound From Q1 2018
Institutional assets tracked by Wilshire Trust Universe Comparison Service (Wilshire TUCS) posted an all-plan median return of 0.88% for second...
Fees Negatively Correlated With Public Plans’ Ability to Meet Benchmarks
Alternative investments charge higher fees than traditional asset classes such as public equities and fixed income, and according to a...
PanAgora Suggests New Investing Strategy for Public DB Plans
“A cap-weighted strategy skews its way toward the largest stocks, but if plan sponsors own equities in a much more...
Asset Class Returns Account for Disparity in Public DB Plan Performance Results
However, the Center for Retirement Research (CRR) at Boston College found portfolio allocation did account for about one-quarter of the...
Institutional Investor Returns Pulled Down by Market Losses
Wilshire TUCS first quarter returns were weighed down by losses across all major asset classes.
State Pension Plans Reverse Two Consecutive Years of Return Declines
“A primary driver of the improvement in the funding ratio was the increase in global equity values for the 12-month...
Study Finds Different Paths for Corporate and Public Pensions
Corporate plans are winding down as public plans are strengthening themselves for the long run.
Willis Towers Watson Reaches Settlement With City of Houston
The original lawsuit alleged negligence and professional malpractice by Willis Towers Watson in its actuarial work for the city; the...
Gun Divestment Bill Introduced in Massachusetts Legislature
State pensions have a history of “talking with their feet” in a show of activism against undesirable products or actions.