Benefits |
Judges Sue CalPERS over Pension Change
Six elected judges say a new pension law in California was illegally applied to them retroactively.
Tag: Public
Benefits |
Cincinnati Strikes Deal for Pension Solvency
The city of Cincinnati will pay higher contributions to its pension system under a new agreement.
Benefits |
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...
MOSER Participants’ Accounts Hacked
The Missouri State Employees Retirement System confirmed four instances of hackers accessing participant accounts.
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 |
Governments Likely to Focus on Reducing OPEB Costs
State and local governments, overall, face significant costs for post-retirement benefits.
Products |
NAGDCA Publishes Best Practices for DC Plan Communications
A guide from NAGDCA lists elements DC plan sponsors should include in participant communications and education.
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.
Changes Ahead for Public DBs
Changes ahead for public defined benefit plans may call for new investing and funding strategies.
Benefits |
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...
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 |
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 |
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...
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...
CalSTRS Set to Bring More Assets In-House
The California State Teachers’ Retirement System (CalSTRS) announced the completion of its Investment Branch leadership restructuring.
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...
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.
Detroit’s Bankruptcy Plan Approved
A federal judge last week approved the city of Detroit’s plan to get out of bankruptcy.
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...
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.
