News and Videos on Account from Pensions & Investments
New Mexico PERA expected to rehire CliftonLarsonAllen as DC plan auditor
New Mexico Public Employees Retirement Association, Santa Fe, is recommending the board hire CliftonLarsonAllen as auditor for its $427 million deferred compensation program, said Joelle Mevi, chief investment officer, in an e-mail.
FASB council seeking input on agenda priorities
Financial Accounting Standards Board's advisory council issued a survey to solicit views about FASB's project priorities and future agenda, including pension accounting.
Watertown Contributory plugs Sherman into actuarial role
Watertown (Mass.) Contributory Retirement System hired Sherman Actuarial Services as actuarial consultant.
New Hampshire Retirement System looking for actuarial consultant
New Hampshire Retirement System, Concord, is searching for an actuarial consultant.
FASB names new chairman
Russell G. Golden was named Tuesday as chairman of the Financial Accounting Standards Board, effective July 1.
Alaska retirement board issues call for actuarial firm to run review
Alaska Retirement Management Board, Juneau, is searching for an actuarial firm to review the process and procedures used by the pension fund's actuary, Buck Consultants.
Moody's: Pension liability's greater role in ratings could lead to downgrades
Pension obligations will play a larger role in credit rating of state and local governments by Moody's Investors Service, which announced its new approach Wednesday.
CalPERS approves accounting change that will boost employer contributions
CalPERS approved a proposal to change how it counts investment losses and gains aimed at filling $87 billion in unfunded obligations.
GASB changes to boost pressure for pension reform, Fitch report says
Impending changes in Governmental Accounting Standards Board standards in 2014 and 2015 should increase public pressure on decision-makers to reform state and local government pension plans, according to a report from Fitch Ratings.
Philadelphia fund seeks firm for actuarial study
Pennsylvania Intergovernmental Cooperation Authority, Philadelphia, is searching for a firm or individual to conduct an actuarial study for the $4.3 billion Philadelphia Board of Pensions and Retirement.
Public pension funds face scrutiny from accounting updates
Public pension executives are facing a paperwork tsunami this year. Not only do new financial reporting rules from the Governmental Accounting Standards Board start going into effect this June, but Moody's Investors Service Inc. is implementing — starting this month — a new set of calculations that
Delaware Public Employees hunting for actuarial services
Delaware Public Employees' Retirement System is looking for actuarial services for the $7.5 billion retirement system's nine pension funds, according to an RFP posted Friday.
Nassau Health Care issues call for record keeper for 457 plan
Nassau Health Care Corp., East Meadow, N.Y., is searching for a record keeper for its $166 million 457 plan.
Nebraska Public Employees selects Cavanaugh Macdonald as actuarial consultant
Nebraska Public Employees Retirement Systems, Lincoln, hired Cavanaugh Macdonald Consulting as actuarial consultant.
FSBA negotiating with 2 for appraisal management services
Florida State Board of Administration plans to hire Altus Group or Real Estate Research or both for appraisal management services for real estate and alternative investments, depending on the outcome of negotiations.