Not-for-profit pension plans
News and video about Not-for-profit pension plans from Pensions & Investments
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.
British Medical Association selects Buck as pension fund consultant
trueBritish Medical Association Staff Pension Scheme, London, hired Buck Consultants as investment consultant.
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.
The Pensions Trust takes interim tag off CEO
trueMichael Ramsey was appointed CEO at The Pensions Trust.
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 ...
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.
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.
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.
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.
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.
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.