Not-for-profit pension plans
News and video about Not-for-profit pension plans from Pensions & Investments
Philadelphia Archdiocese freezes pension plan
trueArchdiocese of Philadelphia has decided to freeze its $478 million Lay Employees' Retirement Plan, and will start a defined contribution plan.
Senate HELP Committee OKs pension funding relief bill for charities, rural co-ops
trueCharities and rural cooperatives got closer to pension funding relief Wednesday as the Senate Health, Education, Labor and Pensions Committee unanimously approved legislation co-sponsored by Chairman Tom Harkin, D-Iowa.
Adventist Health System chooses CIO
trueRob Roy was named vice president and chief investment officer at Adventist Health System.
Wespath Investment Management adds managing director for investment management
trueMichael Lohmeier was named managing director, investment management of the $19 billion Wespath Investment Management division of the General Board of Pension and Health Benefits of the United Methodist Church.
University of Toronto seeks auditor
trueUniversity of Toronto on Tuesday issued an RFP for an external auditor for its C$2.5 billion (US$2.4 billion) pension fund as well as the university's overall financial services.
Harris County Hospital stays with Hewitt EnnisKnupp as consultant
trueHarris County Hospital District, Houston, rehired Hewitt EnnisKnupp as investment consultant for its pension fund and two defined contribution funds.
Kentucky non-profits want out of state retirement plan
trueTwo Kentucky non-profit organizations filed a joint lawsuit to pull out of the $5.4 billion County Employees Retirement System non-hazardous plan, Frankfort, arguing they never should have participated in the state-administered pension fund.
Russell expands outsourcing unit for non-profits
trueEmily Stella and Charles Wright were named directors with the institutional non-profit business development team at Russell Investments.
Hartford HealthCare commits $31.4 million total to 3 private equity funds
trueHartford HealthCare made a combined $31.4 million in new private equity commitments.
IRS grants church-plan status to St. Peter's Healthcare System
trueThe IRS has granted church-plan status to the defined benefit pension plan of Saint Peter's Healthcare System, New Brunswick, N.J., exempting it from Employee Retirement Income Security Act rules on reporting, minimum contributions and paying premiums to the Pension Benefit Guaranty Corp
Report: Canada Post pension savings possible by job outsourcing
trueCanada Post, Ottawa, should outsource some postal services to reduce its pension obligations and stem its overall losses, according to a study of potential reforms at the Canadian postal service.
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.