Defined benefit plans

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  1. Daughters of Charity Health System church plan challenged

    trueAnother church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

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  1. Canadian pension funds return 1.1% in quarter on foreign currency gains

    trueCanadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.

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  2. 2 senators call for derisking rules

    trueSenate Finance Committee Chairman Ron Wyden, D-Ore., and Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin, D-Iowa, want federal regulators to set clear guidelines for employers undertaking pension derisking.

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  3. Education firm RM enters into pension buy-in with PIC

    trueRM PLC, Abingdon, England, agreed to a buy-in with Pension Insurance Corp. to insure 13% of the liabilities of the company's defined benefit plan.

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  4. Chicago gets new city treasurer

    trueKurt Summers Jr. on Wednesday was appointed Chicago city treasurer by Mayor Rahm Emanuel, effective Dec. 1.

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  5. Coatesville, Pa., seeks consultant for 3 pension funds

    trueCoatesville, Pa., is searching for an investment consultant for its police, fire and non-uniform pension funds.

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  6. Towers Watson launches non-profit think tank to improve investment industry

    trueTowers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.

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  7. Ryder System offers lump sums to former employees

    trueRyder System Inc. is offering a lump-sum payment to about 11,000 former employees vested in its frozen U.S. defined benefit plan, the company announced in an SEC filing on Wednesday.

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  8. Boeing contributes $750 million to pension funds in 3rd quarter

    trueBoeing Co. contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.

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  9. Santa Barbara County takes interim tag off new CEO

    trueGreg Levin was named CEO of the $2.5 billion Santa Barbara County (Calif.) Employees’ Retirement System.

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  10. Alameda County commits additional $15 million to Angelo Gordon fund

    trueAlameda County Employees' Retirement Association made a follow-on commitment of $15 million to AG Opportunistic Whole Loan Fund, a direct loan fund that invests in residential mortgage loans managed by Angelo Gordon & Co.

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  11. New Orleans mayor creates pension reform group to sustain firefighters plan

    trueNew Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.

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  12. BT loses battle at top EU court to block pension aid repayment

    trueBT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in exemptions from pension rules.

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  13. Lexington Contributory Retirement seeks senior direct lending manager

    trueLexington (Mass.) Contributory Retirement System is searching for a manager to run about $5 million in a senior direct lending portfolio.

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