Defined benefit plans

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  1. Moody's: Older IRS mortality tables could save sponsors $18 billion next year

    trueThe IRS' decision to stick with 15-year-old mortality assumptions will save corporate defined benefit plan sponsors at least $18 billion in contributions in 2016 and be a credit positive for them, said a report from Moody's Investors Service.

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  1. IRS releases multiemployer benefit cut voting rules

    trueProcedures for allowing multiemployer plan participants to vote on benefit reductions in distressed plans were issued by the IRS on Wednesday.

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  2. Chicago Transit Authority drops Invesco

    trueChicago Transit Authority Employees Retirement Plan terminated Invesco as an active domestic large-cap core equity manager.

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  3. Houston Municipal slates $25 million for real estate, hedge fund

    trueHouston Municipal Employees Pension System committed or invested $25 million total to two funds.

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  4. Kentucky Teachers assigns $145 million to 2 managers

    trueKentucky Teachers’ Retirement System, Frankfort, committed $145 million total to two alternative funds.

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  5. Ohio PERS taps deputy director as new CIO

    trueRichard D. Shafer was named chief investment officer at the Ohio Public Employees Retirement System.

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  6. Holyoke Contributory Retirement seeking real estate managers

    trueHolyoke (Mass.) Contributory Retirement System is searching for real estate managers to run $9 million in core open-end strategies and $10 million in value-added closed-end funds.

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  7. Taunton Contributory Retirement System launches midcap search

    trueTaunton (Mass.) Contributory Retirement System is searching for active midcap equity managers to run $10 million for the $270 million pension fund.

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  8. Nebraska Investment Council allocates more to UBS real estate fund

    trueNebraska Investment Council made a follow-on commitment of $6 million to UBS Trumbull Property Income Fund, managed by UBS Realty Investors, for the $1.2 billion general endowment pool the council oversees.

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  9. Coral Gables Retirement hires first hedge fund-of-funds manager

    trueCoral Gables (Fla.) Retirement System hired Titan Advisors to manage an $18 million hedge fund-of-funds portfolio, pending contract negotiations.

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  10. Walt Disney Co. appoints treasurer with oversight of pension plans

    trueJonathan S. Headley was named senior vice president and treasurer at The Walt Disney Co.

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  11. Hollywood Employees pension plan increases Baird bond portfolio

    trueHollywood (Fla.) Employees Retirement Fund added $5 million to Baird Advisors’ active domestic fixed-income portfolio, giving the manager a total of $46 million.

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  12. Greenwich Associates sees continued diversification by institutional investors in Asia

    trueInstitutional investors in Asia ex-Japan have made dramatic progress in diversifying their portfolios since the global financial crisis, a trend that should continue to benefit managers of global equities and alternative strategies, a Greenwich Associates survey showed.

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  13. Mercer: Equity market turmoil pushes corporate pension funding levels down in August

    trueThe estimated aggregate funding ratio of pension plans sponsored by S&P 1500 companies fell two percentage points to 81% in August, said a report released Tuesday by Mercer.

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