Defined benefit plans

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  1. Chicago gets new city treasurer

    trueKurt Summers Jr. on Wednesday was appointed Chicago city treasurer by Mayor Rahm Emanuel, effective Dec. 1.

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  1. Towers Watson launches non-profit think tank to improve investment industry

    trueTowers Watson is launching a global, non-profit think tank comprising asset owners, investment managers and other services providers that will focus on improving the investment industry for end savers.

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  2. Ryder System offers lump sums to former employees

    trueRyder System Inc. is offering a lump-sum payment to about 11,000 former employees vested in its frozen U.S. defined benefit plan, the company announced in an SEC filing on Wednesday.

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  3. Boeing contributes $750 million to pension funds in 3rd quarter

    trueBoeing Co. contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.

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  4. Santa Barbara County takes interim tag off new CEO

    trueGreg Levin was named CEO of the $2.5 billion Santa Barbara County (Calif.) Employees’ Retirement System.

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  5. Alameda County commits additional $15 million to Angelo Gordon fund

    trueAlameda County Employees' Retirement Association made a follow-on commitment of $15 million to AG Opportunistic Whole Loan Fund, a direct loan fund that invests in residential mortgage loans managed by Angelo Gordon & Co.

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  6. New Orleans mayor creates pension reform group to sustain firefighters plan

    trueNew Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.

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  7. BT loses battle at top EU court to block pension aid repayment

    trueBT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in exemptions from pension rules.

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  8. Lexington Contributory Retirement seeks senior direct lending manager

    trueLexington (Mass.) Contributory Retirement System is searching for a manager to run about $5 million in a senior direct lending portfolio.

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  9. Unilever enters into buy-in with Legal & General on expatriate fund

    trueUniac Pension Fund agreed to a buy-in with Legal & General Group to insure £129 million ($208.5 million) of liabilities.

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  10. Phoenix City Employees commits to 2 real estate funds

    truePhoenix City Employees’ Retirement System committed $30 million each to Northwood Real Estate Partners Series V, a non-core real estate fund managed by Northwood Investors, and Real Estate Capital Asia Partners IV, an opportunistic non-core real estate fund managed by SC Capital Partners.

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  11. Lockheed Martin to forgo pension contributions in 2015 through 2017

    trueLockheed Martin Corp. announced Tuesday it has contributed $1 billion in contributions to its defined benefit plans thus far in 2014 out of an expected $2 billion and does not expect to make further contributions for at least three more years.

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  12. Dallas Police & Fire splits administrator position, looking to fill 2 roles

    trueDallas Police & Fire Pension System decided to split the retirement administrator position into two roles — an executive director/CEO and chief investment officer.

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  13. Kansas City Police puts $45 million in Fidelity real-return fund

    trueKansas City (Mo.) Police Employees’ Retirement System invested $45 million in Fidelity Investments’ Strategic Real Return mutual fund.

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