Not-for-profit pension plans
News and video about Not-for-profit pension plans from Pensions & Investments
United Methodist board issues investment guidelines on climate change, human rights violations
trueGeneral Board of Pension and Health Benefits of the United Methodist Church and the Wespath Investment Management division of the $21 billion pension fund announced on Thursday two new investment guidelines regarding climate change and countries involved with human rights violations.
CERN Pension Fund taps interim CEO as former head joins Lombard Odier
trueThierry Lagrange was appointed interim CEO at the European Organization for Nuclear Research Pension Fund, Geneva.
Advocate church plan appeal advances
trueAdvocate Health Care can proceed to the appeals court level to defend itself in a church pension plan challenge, a federal judge said.
Judge rejects motion to dismiss in Advocate church plan case
trueA church plan challenge filed against Advocate Health Care Network Pension Plan can proceed, a federal judge ruled Dec. 31.
Church of England grows U.K. forestland portfolio with £49 million acquisition
trueThe Church Commissioners for England, London, have become the largest private commercial forestry investor in the U.K., with a deal to purchase a £49 million ($76.8 million) forestry portfolio.
University of California director of client relations services leaves for Hewitt EnnisKnupp
trueWilliam Ryan will join Hewitt EnnisKnupp as an associate partner in the firm’s retirement practice on Jan. 19.
U.N. Joint Staff Pension Fund seeds low-carbon ETFs managed by BlackRock, SSgA
trueUnited Nations Joint Staff Pension Fund provided initial funding for two low-carbon exchange-traded funds, one launched by BlackRock and another by State Street Global Advisors.
Dallas/Fort Worth Airport picks Morgan Stanley for private market income strategy
trueDallas/Fort Worth International Airport hired Morgan Stanley Alternative Investment Partners to manage about $10 million in its private market income strategy.
Dignity Health allowed to appeal church plan ruling
trueA federal judge is allowing Dignity Health to challenge his ruling that the church-affiliated defined benefit plan sponsor is covered by the Employee Retirement Income Security Act.
Canada Mortgage and Housing Corp. seeks administrator, record keeper
trueCanada Mortgage and Housing Corp. is searching for a firm to serve as both administrator and record keeper for its C$1.54 billion (US$1.36 billion) defined benefit plan.
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.
Money managers create firm to cater to Catholic investors
trueSome big names in institutional investing have joined forces to provide Catholic-affiliated pension funds, endowments and other non-profit organizations with money management that follows the tenets of their faith.
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.
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.
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.