Study Finds Pension, OPEB Costs Manageable for Most Governments
But, for the worst off states, counties and cities, four options exist to improve their situations, the study says.
Tag: Public Pension
California Pensions Must Disclose Fees Paid to Alternative Managers
Starting in 2017, public pension funds in California must disclose fees paid to private equity, hedge, venture and absolute return...
Funding Drops for City and County Retirement Systems
Wilshire Consulting’s 2016 report is based on the most recent financial and actuarial reports of 109 retirement systems.
Court Upholds California’s Pension Spiking Law
The appellate court in California said public employees have a “vested right” to a pension that is a “reasonable” pension—not...
Illinois Teachers’ Pension Reduces Return Assumption Again
The trend of public-sector retirement systems reducing investment return assumptions has been going on since 2008.
Pension Plans to Receive Settlement in Caremark Fraud Case
The plaintiffs serving as representatives of the class include the City of Birmingham Retirement and Relief System.
CalPERS Adopts ESG Strategic Plan
The five-year plan identifies six strategic initiatives and key performance indicators.
Bank of America Settles Mortgage-Backed Securities Case with Public Fund
The bank has agreed to pay $335 million to settle a lawsuit brought by the Pennsylvania Public School Employees’ Retirement...
Opinions |
Overcoming Fear! – Part 1
Gary Findlay, former Executive Director of the Missouri State Employees Retirement System (MOSERS), says public pension leaders need to get...
6th Circuit Revives Public Pension’s Suit Against Freddie Mac
The appellate court concluded the Ohio pension fund plausibly alleged facts to support its claims.
Public Pensions Provide Retirement Income and Portability
Research finds that nearly all state retirement systems have features that allow for preservation of retirement income benefits even for...
Public Pensions Making Slow Progress
State and local government employers are paying a larger share of required contributions, an analysis finds.
President of Public Fund for NYC Correction Officers Arrested for Bribery
The president allegedly received kickbacks for investing the Correction Officers’ Benevolent Association’s Annuity Fund assets in a hedge fund.
N.J. Supreme Court Says COLAs Are Not a Contractual Right
Many New Jersey public sector retirees saw their cost-of-living adjustments (COLA) suspended under a pension-reform bill signed in June 2011.
CalPERs Investment Office Continues to Cut Expenses
CEM Benchmarking found that the annual cost to manage the CalPERS portfolio was approximately $52 million lower than its peers.
NCPERS Study Sees More Volatility from Fewer DBs
Pension beneficiaries keep receiving their pension checks in good as well as bad economic times, making them an important driver...
Institutional Investors See Modest Gain in Q1 2016
Corporate ERISA plans had the best performance in the quarter.
GASB Guidance Clarifies Pension Reporting for Government Plans
The new GASB statement addresses practice issues raised by stakeholders during implementation of previous statements for financial reporting for government...
California Files Lawsuit Against Morgan Stanley
The suit says misrepresentations about complex investments such as residential mortgage-backed securities contributed to major losses for the nation’s two...
N.J. Unions Call on Pension Plan to Get Out of Alternatives
A plan presented to the State Investment Council suggests the public fund should re-allocate hedge fund money into a 60/40...