Defined benefit plans

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  1. Kansas governor signs bill to issue $1 billion in pension bonds

    trueKansas Gov. Sam Brownback signed off on a bill to issue $1 billion in pension obligation bonds for the $16 billion Kansas Public Employees Retirement System, Topeka.

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  1. Moody's further downgrades New Jersey bonds, citing pension shortfalls

    trueMoody's Investors Service downgraded New Jersey's general obligation bonds by one notch to A2, citing the state's “weak financial position and large structural imbalance, primarily related to continued pension contribution shortfalls.”

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  2. Wisconsin Investment Board pays investment staff $10.3 million incentive compensation

    trueState of Wisconsin Investment Board, Madison, paid $11.9 million in incentive compensation to staff in 2014 for exceeding investment performance benchmarks over the past five years.

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  3. Ontario Public Service Pension Plan posts 8.4% return in 2014

    trueOntario Pension Board, which manages assets for the Public Service Pension Plan, Toronto, returned 8.4% on its investments in 2014, helping raise its overall assets to C$22 billion ($17.6 billion), said preliminary results released Thursday.

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  4. CPPIB, Caisse to open offices in Mumbai

    trueCanada’s two largest public pension fund managers will open offices in Mumbai as part of agreements announced Thursday by Canadian Prime Minister Stephen Harper during meetings with Indian Prime Minister Narendra Modi in Toronto.

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  5. Wilshire: S&P 500 funded status plummets in 2014 despite strong returns

    trueThe aggregate funded status for pension plans sponsored by S&P 500 companies fell 720 basis points to 82.5% in 2014 as liability growth outpaced assets, said an annual report from Wilshire Consulting.

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  6. Sacramento County charts private equity commitments for 2015

    trueSacramento County (Calif.) Employees’ Retirement System is targeting $285 million in total commitments to nine private equity funds this year, recently released board meeting minutes show.

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  7. Manchester Employees starts asset-liability study

    trueManchester (N.H.) Employees’ Contributory Retirement System is conducting an asset-liability study, said Gerard Fleury, executive director.

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  8. Louisiana Municipal Police Employees sets private equity pacing plan for 2015

    trueLouisiana Municipal Police Employees Retirement System, Baton Rouge, will commit $15 million each to a secondary private equity fund and a private equity fund of funds later this year.

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  9. Greenwich: Institutional investors calling on social media for investment decisions

    trueInstitutional investors are turning to social media to help inform investment decisions and shape conversation around allocations, said a new Greenwich Associates study.

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  10. BofA survey: Health-care costs hindering retirement plan and other benefits

    trueRising health-care costs are putting pressure on some 401(k) plan executives to reduce certain other benefits, including those related to retirement accounts and employee education, a survey by Bank of America Merrill Lynch said Thursday.

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  11. CalSTRS selects 2 international equity managers

    trueCalSTRS intends to hire AQR Capital Management and Pzena Investment Management to run international equity strategies.

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  12. PennPSERS taps state representative as new executive director

    trueGlen R. Grell was named executive director of the $51.7 billion Pennsylvania Public School Employees’ Retirement System.

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  13. Strathclyde Pension Fund considering new asset allocation to reduce equity exposure

    trueStrathclyde Pension Fund, Glasgow, Scotland, is considering a reduced equity exposure in favor of a more diversified investment portfolio.

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