Defined benefit plans
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New York State Common earmarks $10 million for in-state private equity
trueNew York State Common Retirement Fund, Albany, made a $10 million commitment to Tribeca Venture Partners through the pension fund's in-state private equity program, confirmed, Nikki Jones, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the $173.2 billion pension fund.
Healthcare of Ontario Pension Plan reports 124% funded status, returns 8.55% in 2013
trueHealthcare of Ontario Pension Plan, Toronto, on Thursday reported a net funding ratio of 124% as of Dec. 31, up from 119% at the end of 2012.
Boeing to freeze pension fund for non-union employees, executives in 2016
trueBoeing Co. will freeze a pension fund for 68,000 non-union employees and executives, shifting contributions to a defined contribution plan as it works to cut costs.
Sacramento Regional Transit District seeks custodian for 2 pension funds
trueSacramento (Calif.) Regional Transit District is searching for a custodian for its two defined benefit pension funds, confirmed Colleen Trant, procurement analyst.
Aviva agrees to $8.4 billion longevity swap for its pension fund
trueAviva PLC, London, agreed to the largest ever longevity swap for its defined benefit Staff Pension Scheme, transferring the risk of 19,000 members to three reinsurers.
El Paso fire and police pension fund approves $5 million for private equity
trueEl Paso (Texas) Firemen & Policemen Pension Fund committed $5 million to private equity fund Riverside Micro-Cap Fund III, managed by Riverside Co., confirmed Yolanda Carreon, deputy executive director.
Milliman: Corporate pension plan funding rises to 91.8% in February
trueThe funding ratio of 100 of the largest U.S. corporate defined benefit pension plans rose to 91.8% at the end of February, according to the latest Milliman 100 Pension Funding Index.
Mercer: FTSE 350 companies' aggregate funding ratio improves a bit
trueThe aggregate defined benefit pension plan funding ratio improved slightly for companies in the FTSE 350 to 85% in February, from 84.4% the previous month, due to strong stock market returns, even though those returns were slightly offset by an increase in liabilities, according to Mercer's ...
Los Angeles Fire & Police to interview 9 managers of emerging managers
trueLos Angeles Fire & Police Pension System's board will be interviewing all nine firms that responded to its domestic equity manager-of-emerging managers search, said Tom Lopez, chief investment officer of the $17.5 billion pension fund, in an e-mail.
Nebraska Investment Council taps 2 as bank loan managers
trueNebraska Investment Council, Lincoln, hired bank loan managers Franklin Templeton Investments and Loomis Sayles to run about $28 million each.
New managing director joins OMERS Ventures
trueKent Thexton was named managing director at OMERS Ventures, the venture capital investment arm of the C$65.1 billion (US$58.9 billion) Ontario Municipal Employees Retirement System.
Jacksonville sticks with Summit Strategies Group
trueJacksonville (Fla.) City Retirement System rehired Summit Strategies Group as investment consultant.
BlackRock's Fink: U.K. should make pension saving mandatory
trueThe U.K. should make saving into an occupational pension fund mandatory, according to Laurence D. Fink, CEO and chairman of BlackRock.
Illinois SURS looking for consultant to analyze business continuity plans
trueIllinois State Universities Retirement System issued an RFP for consulting firms to review its business continuity plan and business impact analysis, as well as assisting in drafting an RFP for disaster recovery consulting services.
NAPF chairman calls for U.K. to issue more long-term debt to meet pension fund demand
trueThe U.K. government must issue more long-term, index-linked debt to satisfy increasing demand from pension funds for these assets, said Ruston Smith, chairman of the National Association of Pension Funds.