Not-for-profit pension plans

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

  1. Lawsuit by Girl Scout council dismissed

    trueA federal appeals court dismissed a lawsuit against the Girl Scouts of the USA brought by a local council, ruling that member employers in multiple-employer defined benefit plans have little recourse under the Employee Retirement Income Security Act to challenge unilateral actions by plan sponsors.

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  1. Daughters of Charity Health System church plan challenged

    trueAnother church-affiliated hospital system is being sued by employees challenging its defined benefit plan’s exemption from federal pension law.

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  2. Research consortium to create pan-European pension fund

    trueSeven research companies and universities have been named founding members for a new pan-European pension fund for researchers.

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  3. Church plan fiduciaries can be sued, U.S. judge says

    trueFiduciaries of church-affiliated defined benefit plans can be sued for breach of duty, even if the plan has church plan status, a federal judge has ruled.

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  4. British Medical Association selects Buck as pension fund consultant

    trueBritish Medical Association Staff Pension Scheme, London, hired Buck Consultants as investment consultant.

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  5. U.N. pension fund names top investment officer

    trueCarol Boykin was named the top investment officer of the $52 billion United Nations Joint Staff Pension Fund.

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  6. The Pensions Trust takes interim tag off CEO

    trueMichael Ramsey was appointed CEO at The Pensions Trust.

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  7. 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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  8. Church-plan status under increased scrutiny

    trueA growing number of lawsuits and some key court rulings are making it harder for church-affiliated defined benefit plans to be exempt from the Employee Retirement Income Security Act.

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  9. 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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  10. 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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  11. 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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  12. 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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  13. 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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