Defined benefit plans
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ERISA at 40
trueWhile the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ERISA did accomplish, there are now calls for fixing what it did not.
Illinois puts $1.1 billion to work right away
trueTeachers' Retirement System of the State of Illinois, Springfield, kicked off its 2015 fiscal year with investments and commitments totaling $1.1 billion and set the stage to tactically deploy at least another $1 billion with real estate and hedge fund managers.
A history of ERISA through P&I's coverage
trueSee important headlines and statistics about the Employee Retirement Income Security Act from Pensions & Investments' archives.
Growth slows for top 300 plans' assets
trueAssets of the world's largest 300 retirement funds increased 6.2% in 2013. That is the fifth year in a row of positive growth for the top 300 funds across the glob, but a slower pace compared with 2012's 9.8% rate, according to our annual survey.
An overview of the largest retirement funds
trueAn interactive look of 10 years' data of the largest retirement funds from P&I/Towers Watson World 300 survey.
Brink's offers lump-sum payment to former employees
trueThe Brink’s Co., Richmond, Va., announced on Friday it has offered certain former employees who are vested in its U.S. defined benefit plan the option to accept a lump sum.
San Bernardino County seeks emerging markets equity manager
trueSan Bernardino County (Calif.) Employees’ Retirement Association launched a search for two to three managers to run a total of $100 million to $200 million in active emerging markets equities.
CalSTRS picks firms for securities lending, cash collateral management
trueCalSTRS intends to award contracts to several firms to provide securities lending and cash collateral management services for its equity portfolio.
New Mexico PERA commits $50 million to KKR infrastructure fund
trueNew Mexico Public Employees Retirement Association committed up to $50 million to KKR Global Infrastructure Investors II, managed by KKR & Co..
Danville pension funds stick with Raymond James as consultant
trueDanville (Ill.) Firemen’s Pension Fund and Danville Police Pension Fund rehired Raymond James as investment consultant.
Chicago Laborers pension fund taps Progress as manager of emerging managers
trueChicago Laborers’ Annuity & Benefit Fund hired Progress Investment Management to run $100 million in the $1.4 billion pension fund’s manager of emerging managers program.
Japan's GPIF reduces bond allocation, increases equities in quarter
trueJapan’s Government Pension Investment Fund on Friday announced that the value of its investment portfolio was 127.3 trillion yen (US$1.23 trillion) as of the June 30 close of its fiscal first quarter.
San Joaquin County to launch consultant search
trueSan Joaquin County Employees' Retirement Association is searching for an investment consultant.
AP2, AP3 reach record asset levels
trueAP2 saw its assets grow to a record 280.3 billion Swedish kronor ($40.3 billion), a 5.9% increase over the six months ended June 30. AP3 also announced a 5.5% increase in assets to a record 272.6 billion Swedish kronor.
Ann Arbor Employees chooses Russell for transition management
trueAnn Arbor (Mich.) Employees' Retirement System hired Russell Investments to handle the transition of $56 million in actively managed core fixed-income assets from terminated manager Bradford & Marzec.