07/15/13 The Raw Pension Industry News Feed

Comprehensive Real-Time News Feed for Pension.

• CalPERS, CalSTRS post double-digit annual gains _{2013-07-15, 03:11 pm}
  The nation's two largest public pension funds are reporting double-digit returns from rising stock and real estate prices.
• Plan OK'd to suspend health coverage for 1,000 Pontiac retirees _{2013-07-15, 03:00 am}
  Lansing -- A state board Monday approved the Pontiac emergency manager's plan to suspend health insurance coverage for nearly 1,000 city retirees for two years and give them $400 more a month in their pension checks in lieu of the benefit.
• CalPERS, CalSTRS post double-digit annual gains _{2013-07-15, 03:05 pm}
  - The nation's two largest public pension funds are reporting double-digit returns from rising stock and real estate prices. The California Public Employees' Retirement System reported a 12.5 percent annual return Monday while the California State ...
• Putting off retirement may help stave off Alzheimer's _{2013-07-15, 02:45 pm}
  ... they'd need to work until age 80 to live comfortably in retirement. But Dufouil's research, which linked health and pension databases of self-employed workers who were retired as of 2010, puts a positive spin on that choice. In study background ...
• 6 investment mistakes that could hurt your retirement _{2013-07-15, 02:41 pm}
  There are many ways to help keep vacation expenses in check. Follow these tips to make your vacation affordable without sacrificing fun.
• CalSTRS Reports Healthy Investment Returns in 2012a "13 _{2013-07-15, 02:34 pm}
  ... 67 percent funded with an unfunded actuarial obligation-or funding gap-of $70 billion. "This year reminds us that a pension fund measures its health over the long term and no single year can take us from underfunding to funding adequacy," said ...
• First Manhattan Objects to Adjournment of Vivus Annual Meeting _{2013-07-15, 02:27 pm}
  ... management services primarily to high net worth individuals as well as to partnerships, trusts, retirement accounts, pension plans and institutional clients. The firm currently manages in excess of $14 billion. FIRST MANHATTAN CO., FIRST HEALTH, ...
• Pension Funding: A Guide for Elected Officials _{2013-07-15, 02:06 pm}
  ... The importance of properly financing state and local government retirement systems has never been greater. Sound pension funding policies not only help ensure costs and benefits remain sustainable, but also strengthen the financial position and ...
• pension sessions _{2013-07-15, 02:06 pm}
  ... America. But for most Americans, it's become a do-it-yourself proposition, as a result of the decline of traditional pension plans in the private sector and the challenge of unfunded liabilities in state and local pension plans. TIAA-CREF's CEO ...
• LA: If You Expect Justice to Be Served on LAPD Sgt. Yanez, Prepare to Be Dissapointed _{2013-07-15, 02:04 pm}
  ... up his role in the first cover-up and manages to be convicted, Los Angeles will still be on the hook for his pension. Even a felony won't stop the city from its obligation to pay for the retirement of a crooked cop. "On LAPD, if you are already ...
• Segal Announces Executive Promotions _{2013-07-15, 01:44 pm}
  ... a Vice President in 2007 and Vice President and Actuary in 2011. Mr. Frias has more than 15 years of experience as a pension and retiree health actuary working with multiemployer and public sector pension and health plans. He received a BS in ...
• You're the boss when it comes to retirement savings _{2013-07-15, 01:38 pm}
  ... hrough the ways that retirement has changed over the years: It used to be that he saw people retiring and relying on pension plans, then came IRAs and the 401(k) boom ,and pensions slipped out of the picture. The
• Ex-Anglo UK chief fails in legal costs security bid _{2013-07-15, 01:19 pm}
  ... annual bonus for 2005 and outstanding deferred bonuses. It also wants repayment of another a 2.89m for an employer pension contribution made to augment preserved benefits of about a 1.5m payable to him at age 50. Mr Rowan, Tinarana, Rahena Beg, ...
• Whoa s in charge _{2013-07-15, 01:14 pm}
  Pension. What word in the English language, other than "taxes," strikes such fear into the average Canadian's heart? In fact, talk about both in the same sentence and you'll have honest folk feeling faint and grabbing for a chair.
• Jacksonville's Mayor says pension reform is the solution _{2013-07-15, 11:14 am}
  ... "We should be making it easier - not harder - for our neighbors to find economic success." At $181 million the pension obligations represent nearly 20 percent of the City's general fund budget, a news release from the Mayor's Office said. The ...
• City of Miami Springs facing staff reduction situation _{2013-07-13, 03:00 am}
  ... of 24 of its 119 full-time employees who are planning to retire. And they have banked like squirrels. The annual pension benefit for 24 listed employees will total a little more than $1.1 million, records show. "If the retiree dies, the wife will ...
• UPDATE 1-Calpers investments up 12.5 pct over 12 months ended in June _{2013-07-15, 12:54 pm}
  The California Public Employees' Retirement System, the biggest U.S. public pension fund, said on Monday it posted a 12.5 percent return on its assets for the 12 months ended June 30, outperforming its benchmark by 1.5 percentage points.
• United Kingdom tests behavioural economics on taxpayers _{2013-07-15, 12:47 pm}
  ... the need to save. What if, BIT wondered, we changed the default option: so that Brits were automatically enrolled in pension plans-with the option to opt out? The U.K.'s 2012 National Pension Savings Scheme is a step in this direction. The potential ...
• Calpers Earns 12.5% for Year as Stocks Buoy Pension's Returns _{2013-07-15, 12:29 pm}
  The California Public Employees' Retirement System , the largest U.S. pension, had a 12.5 percent gain on investments for the fiscal year ended June 30 as global stock indexes rose to records.
• Michigan board OKs plan to suspend health insurance coverage for 1,000 Pontiac retirees _{2013-07-15, 12:26 pm}
  A state board on Monday approved the Pontiac emergency manager's plan to suspend health insurance coverage for nearly 1,000 city retirees for two years and give them $400 more a month in their pension checks in lieu of the benefit.