The American Federation Of Teachers Sent Out A Big Watch List Of...

... list" for hedge funds who might have an opposing stance on their defined benefit plans (DB plans). 's workers and pension trustees deserve to know if the asset managers they are investing their hard-earned retirement savings with are also aligned ...

http://www.businessinsider.com/aft-watch-list-of-hedge-funds-2013-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29

Triumph Jobs Discussed

... of the trade union, the works council and the management lasted for more than two hours. An employee of the pension insurance company will come to the company and calculate the remaining work time of the employees. Gabriele Gruber, chairperson of ...

http://www.austriantimes.at/news/Business/2013-04-18/48083/Triumph_Jobs_Discussed

Freedom of misinformation

... had not worked for some time. She was a retired artisan. Together, they had no more than 500 euro a month, from her pension, to live on. In Italy, a country in deep economic malaise and political disarray, there is no shortage of people struggling ...

http://www.vanguardngr.com/2013/04/freedom-of-misinformation/

Northville facing $40 million in legacy costs

... heads. "Our challenge as you all know, is finding a plan to make head way on our legacy costs. Both for our pension obligations and our retiree health care obligations." Sullivan said these two combined legacy costs are around an estimated $40 ...

http://www.hometownlife.com/article/20130418/NEWS12/304180404/Northville-facing-40-million-in-legacy-costs

Ohio school retirement board votes to take controversial Hawaii trip

Despite outrage from lawmakers and retirees and the bright glare of media scrutiny, the School Employees Retirement System board again refused to cancel plans to send two trustees to a five-day conference in Hawaii next month and declined to adopt the same travel limits followed by the state's four other public pension systems.

http://www.whiotv.com/news/news/state-regional/ohio-school-retirement-board-votes-to-take-controv/nXQSb/

OCERS to hire 3 managers for direct lending

Orange County Employees Retirement System , Santa Ana, Calif., on April 24 will consider hiring three managers for initial direct lending commitments, according to the agenda for the $9.9 billion pension fund's investment committee meeting.

http://www.pionline.com/article/20130418/DAILY/130419862?

Kentucky Update: Instant Racing

... In February 2013, House Speaker Greg Stumbo (D) introduced House Bill 416, which was in part designed to pay for pension reform for the state retirement system by utilizing revenue from Instant Racing. 12 The bill, which passed the House on February ...

http://www.jdsupra.com/legalnews/kentucky-update-instant-racing-85776/

US Postal Service is losing $25 million a day

The U.S. Postal Service is known for delivering the mail no matter if hurricanes or blizzards are obstructing the way.

http://money.msn.com/now/post.aspx?post=bf0c9f4f-fa9b-4845-9906-5691b733d880

Oregon Gov. John Kitzhaber heads abroad, will miss PERS vote

With tensions mounting at the Legislature over upcoming votes on public pension reforms and tax increases, Gov.

http://www.oregonlive.com/politics/index.ssf/2013/04/oregon_gov_john_kitzhaber_head.html

Voluntary Separation Program Returned To Legislative Committee

... Participate form by April 25. The voluntary Separation Program was not open to employees already receiving a state pension and was tentatively timed to go into effect in May and June. Grant said the program was supposed to save $3.5 million in ...

http://newcity.patch.com/articles/voluntary-separation-program-returned-to-legislative-committee

Congress returns to public pension battle with new bill

... federal government intervene in state and local affairs. Although state and local governments are dealing with high pension costs, which strain their already tight budgets, no one has yet asked the federal government for a bailout. A corresponding ...

http://wtax.com/Congress-returns-to-public-pension-battle-with-new/11472119?newsId=206703

Don't blame worker pensions on government financial failures: Opinion

... So it's no wonder Californians don't believe politicians in this state who continue to use the public employee pension system as a scapegoat for governments' financial woes. First, they tried it in Stockton. But the bankruptcy there wasn't caused by ...

http://www.dailynews.com/opinions/ci_23054427/dont-blame-worker-pensions-government-financial-failures-opinion?source=rss

Senators seek changes in pension, medical costs

Under a bill sponsored by six senators, lawmakers would develop a voluntary risk pool for local governments to help manage the medical costs of the retirees in an old pension system called LEOFF-1. Local jurisdictions are required pay for all the medical expenses of their LEOFF-1 retirees, and the AP reported on how some government budgets were ... (more)

http://www.tri-cityherald.com/2013/04/17/2360633/wash-senators-seek-changes-in.html

Ex-county pension official sues Aguirre

- A former investment officer for the San Diego County pension fund who claimed he was fired after raising concerns over the risk the fund was taking, then lost legal battles to get his job back, is now suing his lawyer, former San Diego City ...

http://www.utsandiego.com/news/2013/apr/18/county-pension-official-aguirre-lawsuit/

Evercore Trust names new president, CEO

... o reduce the volatility of funded status The 3rd in a 3-part series that investigates the attitudes and practices of pension funds and E&Fs around risk-management.

http://www.pionline.com/article/20130418/DAILYREG/130419873/evercore-trust-names-new-president-ceo

Bill to measure pension liabilities by fair market value introduced in House

State and local governments would have a single standard for disclosing pension liabilities that would be measured by fair market value, under a legislative proposal introduced Thursday by Rep.

http://www.pionline.com/article/20130418/DAILYREG/130419872/bill-to-measure-pension-liabilities-by-fair-market-value-introduced-in-house

Ex-Simran Capital CEO settles with SEC over charges of defrauding CalPERS

... Simran in 2008 to manage a high-yield fixed-income strategy. CalPERS spokesman Joe DeAnda said in an e-mail that the pension fund supports the SEC's actions and ended its relationship with Simran several years ago. Mr. DeAnda did not provide any ...

http://www.pionline.com/article/20130418/DAILY/130419871/ex-simran-capital-ceo-settles-with-sec-over-charges-of-defrauding-calpers

Bill uses fireworks tax hike to create pension fund for Maine volunteer firefighters

... Turner and Buckfield respond to a Turner fire in December. A bill being debated in the Legislature would set up a pension fund for volunteer firefighters in Maine. The revenue raised would be used to create a pension fund for volunteer firefighters ...

http://www.sunjournal.com/news/maine/2013/04/18/bill-uses-fireworks-tax-create-pension-fund-maine/1350240

Rich Goward, Portland's chief financial officer, retiring April 30: Portland City Hall Roundup

... he earned $162,302 annually, overseeing financial services such as accounting, debt management, treasury and pension oversight. Goward declined to comment on his retirement. His departure will leave Portland with a new cast of top financial ...

http://www.oregonlive.com/portland/index.ssf/2013/04/rich_goward_portlands_chief_fi.html

Oklahoma Police Pension doles out $7.5 million to Southpoint Capital

Oklahoma Police Pension & Retirement System , Oklahoma City, invested $7.5 million in a global long/short equity hedge fund managed by Southpoint Capital Advisors , confirmed Steven Snyder, executive director and chief investment officer.

http://www.pionline.com/article/20130418/DAILY/130419874?