Defined benefit plans
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Wilshire: State pension plans' funding ratios rise 6 percentage points in fiscal year 2014
trueThe funding ratio of 131 state defined benefit plans rose 6 percentage points to 80% in fiscal year 2014, said a report from Wilshire Consulting.
BP charts $4.72 billion in contributions to U.K. pension funds through 2021
trueBP PLC expects to contribute a total of $4.72 billion to its U.K. defined benefit plans through 2021, said its annual report released Tuesday.
Illinois Municipal commits up to $195 million, terminates BlackRock
trueIllinois Municipal Retirement Fund approved committing a total of up to $170 million to three real estate funds and up to $25 million to an energy fund.
Bell Canada transfers C$5 billion in pension liabilities to Sun Life in longevity swap
trueBell Canada Pension Plan on Tuesday said it transferred C$5 billion (US$4 billion) in pension liabilities for current retirees to Sun Life Financial under a longevity insurance agreement.
'$20 billion club' sees liabilities jump in 2014 on new mortality tables, falling rates
trueThe collective funded status of 19 U.S. publicly listed corporations with more than $20 billion in pension liabilities, fell in 2014 as liabilities rose faster than assets. said an annual report from Russell Investments.
Corporate pension funded status bounces back in February — 2 reports
trueThe funded status of U.S. corporate defined benefit plans improved in February as assets rose and liabilities fell, said reports from BNY Mellon and Wilshire Consulting.
New Mexico Educational launches real estate, natural resources consultant search
trueNew Mexico Educational Retirement Board launched a search for a real estate and natural resources consultant.
Average retirement ages up slightly from a decade ago
trueIn 2013, the average retirement age in the U.S. was about 64 for men and approximately 62 for women, according to a research note published by the Center for Retirement Research at Boston College. The authors define retirement age as “the age at which the labor force participation rate drops below ...
Pennsylvania Municipal sticks with Dahab as investment consultant
truePennsylvania Municipal Retirement System rehired Dahab Associates as its investment consultant.
New Mexico Educational chooses Top Tier as private equity consultant
trueNew Mexico Educational Retirement Board hired Top Tier Capital Partners as its private equity consultant.
Banks join technology chiefs to press Congress for cybersecurity bill
true.P. Morgan Chase, Lockheed Martin and Microsoft are among 32 technology, banking and retail companies urging lawmakers to pass legislation that provides legal protection for sharing hacking threats.
New Jersey chooses 12 managers for emerging markets, international small-cap equity
trueNew Jersey Division of Investment plans to hire nine emerging markets equity and three international small-cap equity managers.
Texas County & District allocates $300 million to 2 managers
trueTexas County & District Retirement System committed or invested $300 million total to two managers in February.
Newport, R.I., seeks private equity, real estate managers
trueNewport, R.I., is searching for a private equity fund-of-funds manager and a core-plus/value-added real estate manager to each run a total of $7 million for its pension fund.
U.K. corporate pension funding levels rebound in February on falling liabilities
trueThe aggregate deficit of U.K. corporate pension funds improved 11.8% to £255 billion ($392.4 billion) for the month ended Feb. 28, but increased 62% over the past 12 months.