Hints and tips:
...With budget shuffling, increased borrowing and deferral of pension fund payments, they kept their workforce and notional solvency. It will not work next time....
...The 400,000 savers and members of the Central States Pension Fund, set up in 1955 to provide for truckers in their retirement, received a letter in May from their board of directors and trustees with an...
...of state agencies, reform of the workers’ compensation system, a freeze on property taxes, term limits for elected officials and some state contributions to the city of Chicago’s pension funds....
...Four unions that had opposed the plan — AFSCME Council 31, the Chicago Teachers Union, the Illinois Nurses Association and Teamsters Local 700 — welcomed the ruling....
...It has the third-lowest rating of all US states, just behind Illinois and New Jersey, both of which are also struggling with large pension problems, according to Standard & Poor’s, the rating agency....
...The rule change follows similar legislation in the US state of Illinois banning the state’s five pension funds from investing in companies that boycott Israel....
...That has enabled the government to maintain a generous welfare state, and a governance culture that is (at best) inefficient and (at worst) rife with cronyism....
...— sporting and student associations, church groups, fund trustees — on the international stage....
...But the octogenarian, who also co-manages the flagship Loomis Sayles Bond fund and looks after billions of dollars on behalf of pension funds, has absolutely no plans to retire....
...A Labour government would require trustees to impose mergers on small pension funds which fail to deliver “good value” to their members under proposals from Liam Byrne, shadow welfare secretary....
...The National Association of Pension Funds panned the discussion document, saying that it does not go far enough to relieve the funding burden on employers....
...In 2011, Illinois had an $86bn hole in its public pension funds and unpaid bills to service providers....
...Among Mercer’s big charity clients, he says he is often “more challenged by charity investment committees than by pension fund trustees”, on strategies....
...But as schemes close to new members, and increasingly, to future accrual by existing members, employers have little vested interest in the welfare of the scheme....
...“The reason is that they are not bound by the same level of fiduciary duty as, for example, a pension fund where the trustees have a primary duty to maximise their risk adjusted return....
...The Foundation’s ongoing activities were sold after it petitioned to wind itself up in the High Court on Thursday with the agreement of its pension fund trustees, according to FRP Advisory, its liquidator...
...Interest payments on much of the money Illinois borrows to fund pension contributions come out of its general fund – the same pool that pays for elementary education, keeping the peace and fixing potholes...
...- HBOS pension trustees challenge merger Lloyds TSB’s high profile rescue of HBOS faces a potential delay after the trustees of HBOS’s pension scheme decided to press ahead with a legal challenge to the...
...Pension trustees and insurance company portfolio managers look away now. Your increased commitment to government bond holdings in recent times is about to blow up spectacularly....
...As the name suggests, partial buy-ins differ from buy-outs because with the former, responsibility for the welfare of company pension scheme members rests with the trustees and sponsors....
...With these large institutions came new ways of measuring performance designed to help insurance bosses and pension fund trustees incentivise the fund managers to whom they delegated investment decisions....
...Mr Anson played an important role in working out with BT and the trustees of the pension scheme put together a plan to plug the pension fund’s deficit....
...Managers involved include New York City’s $41bn pension fund, the Teamsters’ union pension fund and Calvert, Walden and Trillium....
...Juniper Networks, a technology company, was hit with a similar complaint by the Employer-Teamsters Pension Health and Welfare Funds. Neither McAfee nor Juniper were immediately available for comment....
...He has pushed ahead with a new asset allocation for the BT pension fund, drawn up a new strategy for expanding Hermes as a pension fund manager, and taken on the additional role of chief executive of Hermes...
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