Not-for-profit pension plans
News and video about Not-for-profit pension plans from Pensions & Investments
Canadian Wheat Board offloads pension fund investment, longevity risk to Sun Life
trueCanadian Wheat Board, Winnipeg, Manitoba, purchased an annuity in a pension buy-in from Sun Life Assurance Co. of Canada.
Illinois church pension plan picks Great-West as record keeper
trueChurch of the Brethren Pension Plan, Elgin, Ill., hired Great-West Retirement Services as record keeper, according to an announcement on the website of the Church of the Brethren Benefit Trust.
Harris County Hospital District searching for investment consultant for 3 plans
trueHarris County Hospital District, Houston, is searching for an investment consultant for its pension plan and two defined contribution plans.
Church pension plan status being tested by IRS, class-action lawsuits
trueThe IRS' long-term trend of allowing church-affiliated defined benefit pension plans to be exempt from federal pension rules could reverse course after an unusual decision by the agency and a flurry of lawsuits.
2 CF Industries social proposals break record for support
trueTwo pension funds separately won record-high support for shareholder social proposals at any company. Both votes were for resolutions at CF Industries.
Huntington Memorial Hospital chooses Fidelity as record keeper
trueHuntington Memorial Hospital hired Fidelity Investments as record keeper for its 403(b) plan.
PBGC to take control of hospital pension plan
trueThe PBGC will cover the pension benefits of nearly 800 former employees of the Hospital Center at Orange, after a change in legal status.
2 investors file proposal to separate chairman, CEO roles at News Corp.
trueChristian Brothers Investment Service and the C$96.7 billion (US$97.5 billion) British Columbia Investment Management Corp., Victoria, filed a joint shareholder proposal calling for establishment of an independent chairman of News Corp.'s board of directors.
Girl Scouts ask Congress for a do-over on pension plan exemption
truePension funding relief is supposed to help defined benefit plan sponsors, but for the Girl Scouts of the USA, it has turned into a case of “be careful what you wish for.”
Methodist General Board investment team recruits alts executive
trueAmy Bulger joined the Wespath Investment Management division of the $18.1 billion General Board of Pension and Health Benefits of The United Methodist Church, Glenview, Ill., as manager of alternative investments.
John Williams to lend hand to shore up musicians' pension fund
trueFive-time Academy Award-winning composer John Williams will conduct the Baltimore Symphony Orchestra to help shore up the musicians' pension fund.
Hartford HealthCare chooses 1st private equity manager
trueHartford HealthCare committed $65 million to Neuberger Berman Secondary Opportunities III, the first private equity commitment for the $1.8 billion pension and endowment fund.
Hartford HealthCare eyes 6% private equity allocation
trueHartford HealthCare Systems plans to add a 6% allocation to private equity for its $1.8 billion in pension and endowment assets.
Adventist hires for taxable munis
trueAdventist Health System hired Performance Trust Investment Advisors to run $200 million in taxable municipal fixed income for its $4 billion general account portfolio.
Wilshire TUCS: Master trusts gain in Q3, 12 months ended Sept. 30
trueMaster trusts in the Wilshire Trust Universe Comparison Service had a median 4.49% return in the third quarter and 16.18% for the year ended Sept. 30.