Not-for-profit pension plans

News and video about Not-for-profit pension plans from Pensions & Investments

  1. Keeping the PBGC from being the next bailout recipient

    trueA series of recently issued reports have addressed various governance and financial challenges facing the Pension Benefit Guaranty Corp. The takeaway from all of them is that unless changes are made in the way the federal pension insurance system is governed and financed, there is a heightened risk ...

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  1. Church pension plan status rejected by U.S. District Court

    trueIn one of five major class-action lawsuits challenging church-affiliated sponsors of defined benefit plans, a federal judge ruled Tuesday that the pension plan of Dignity Health is covered by ERISA.

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  2. Slow process seen in naming Gotbaum successor at PBGC

    trueJoshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.

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  3. UConn CIO to join Hartford HealthCare as senior investment director

    trueKevin Edwards was named senior investment director at Hartford HealthCare, according to David Holmgren, chief investment officer.

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  4. International Finance Corp.'s private equity head to retire

    trueDavid Wilton will retire in about a month as chief investment officer and manager for global private equity for the International Finance Corp., a member of the World Bank Group.

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  5. Church of England looks to grow several asset classes

    trueChurch of England’s investment fund grew 11% to a record £6.1 billion ($10.3 billion) for the year ended Dec. 31.

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  6. Federal court dismisses church plan status objection against Ascension Health Alliance

    trueA federal court dismissed claims against Ascension Health Alliance, St. Louis, that its pension plan was not entitled to church plan status.

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  7. Wespath adds managing director to lead ESG oversight team

    trueKirsty Jenkinson was named managing director of corporate relations and sustainable investment strategist at the Wespath Investment Management division of the General Board of Pension and Health Benefits of The United Methodist Church.

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  8. Hartford HealthCare makes $45 million in commitments to 3 funds

    trueHartford HealthCare, Hartford, Conn., committed $25 million to North Run Capital Partners to manage in a long-short equity portfolio, said David Holmgren, chief investment officer.

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  9. Hartford HealthCare wants to add 2 investment directors

    trueHartford HealthCare plans to look for two investment directors to help oversee the hospital's $2.5 billion in pension, endowment and insurance investments.

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  10. Danish pension fund seeks managers for European, global bonds

    trueLonmodtagernes Dyrtidsfond is looking for managers to run a €335 million ($464.4 million) European corporate investment-grade bonds allocation and a €90 million global inflation-linked bonds portfolio.

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  11. Hartford HealthCare commits to 5 private equity funds

    trueHartford HealthCare, Hartford, Conn., committed a combined $40 million to five private equity funds, according to David Holmgren, chief investment officer.

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  12. Pension funds lose securities lending suit against Wells Fargo

    trueWells Fargo & Co. did not breach its fiduciary duty when several pension funds lost money through the bank's securities lending program, a federal court judge in St. Paul, Minn., has ruled.

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  13. Challenges to 2 church plans move forward

    trueTwo recent court decisions are adding fuel to the fire over the use of church plan exemptions.

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