The Chicago Park Employees' Annuity and Benefit Fund (PEABF) Board of Trustees decided last month to slash its assumed rate of return following a presentation from The Segal Company.
Despite enacting pension overhaul, a long list of hurdles still confronts Puerto Rico, its governor said Friday.
David Tawil is co-founder of Maglan Capital, a New York-based emerging hedge fund manager with approximately $100 million in assets under management. Tawil is the newest participant in IMMPs 5 Questions.
State finances, infrastructure investments, and pension systems were among the top priorities governors cited and signaled are challenges for the coming year, according to a report issued Thursday by the National Governors Association.
Puerto Ricos pension plan overhaul and Gov. Alejandro García Padillas proposal to increase sales tax revenues are both credit positive, Moodys Investors Services said.
Tom Rick, CIO at the City of Milwaukee Employees Retirement System (CMERS), a fund with more than $4.2 billion in assets, died Monday.
Oklahoma Gov. Mary Fallin said last week she vetoed a pension reform plan because it did not incorporate her proposal to consolidate operations of several state pension plans.
The New York State Common Retirement Fund (CRF) concluded 2013 with a record height of $160.4 billion, confirmed state Comptroller Thomas DiNapoli.
The North Carolina Retirement Systems (NCRS) reached an asset height of $81.1 billion over the first quarter thanks to a 3.53% total fund return supported by stocks performance.
The board of the Employees' Retirement System of Rhode Island should formalize its policy regarding administrative expenses charged to the plans within the system, according to a report from Auditor General Dennis Hoyle.