The nation’s largest public pension fund is trimming the number of investment firms it works with by half in an effort to save money, according to a published report.The $305 billion California... Read More
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Defined Benefit Plans
BY NAPA Net Staff | 5/15/2015
The effect of the Illinois Supreme Court’s May 8 ruling already extends further than the heightened fiscal challenge facing the state finances and pension plans. Standard & Poors wasted no... Read More
BY NAPA Net Staff | 5/11/2015
Necessity may be the mother of invention, but economic necessity isn’t enough to trump pension benefits, at least not in the Land of Lincoln.On May 8, the Illinois Supreme Court unanimously... Read More
BY John Iekel | 4/7/2015
State pension plans are likely to continue affecting state budgets and funding, says Standard & Poors. In a study published March 24 on RatingsDirect, S&P indicated that the strains state... Read More
BY NAPA Net Staff | 3/12/2015
In coming years, more than half of workers and retirees in terminated multiemployer plans will face a reduction in benefits under current Pension Benefit Guaranty Corporation (PBGC) guarantees if... Read More
BY Fred Barstein | 3/11/2015
Despite conventional wisdom that institutions like pension funds and endowments have moved to passive investing more aggressively than individuals, the opposite appears to be true. As reported... Read More
BY NAPA Net Staff | 2/10/2015
The world’s pension assets grew 6% last year, and now amount to around 84% of global Gross Domestic Product (GDP), substantially higher than the 54% recorded in 2008. That growth means that... Read More
BY NAPA Net Staff | 1/7/2015
It was not a good year for pension funding. From year-end 2013 to year-end 2014, the estimated aggregate funding level of pension plans sponsored by S&P 1500 companies dropped from 88% to 79%,... Read More
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