Union pension plans
News and video about Union pension plans from Pensions & Investments.
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2 CF Industries social proposals break record for support
Two pension funds separately won record-high support for shareholder social proposals at any company. Both votes were for resolutions at CF Industries.
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New NHL Taft-Hartley plan picks investment, actuarial consultants
National Hockey League Players' Retirement Benefits Plan, New York, hired Graystone Consulting as investment consultant and Horizon Actuarial Services as actuarial consultant for the new Taft-Hartley plan, said Alex Dagg, director of operations at the NHL Players Association in Toronto.
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Oaktree target of protest over sale of L.A. Times to Koch brothers
Labor groups are putting pressure on Oaktree Capital Group, the Tribune Co.’s largest shareholder, to prevent the possible sale of the Los Angeles Times to billionaire brothers David and Charles Koch.
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Wilshire TUCS: Master trusts gain in Q1, yearMaster trusts in the Wilshire Trust Universe Comparison Service had a median 4.77% return in the first quarter and 9.72% for the year ended March 31.
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Machinists pension fund hunts for CIO
International Association of Machinists National Pension Fund, Washington, hired executive search firm Heidrick & Struggles to conduct the search for its new chief investment officer.
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Supreme Court won't stop class action against Goldman Sachs
Goldman Sachs' bid to stop a class-action lawsuit led by the NECA-IBEW Health & Welfare Fund was rebuffed Tuesday by the Supreme Court, which declined to review the case.
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Florida board, AFSCME pension plan reveal Hewlett-Packard votesFlorida State Board of Administration and the American Federation of State, County and Municipal Employees Pension Plan are seeking changes in Hewlett-Packard Co.'s board and will vote their shares against the election of five directors, adding to pressure from other pension funds.
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Distressed multiemployer plans show progress, but 'substantial percentage' still in peril — GAO study
Severely distressed multiemployer plans have made progress in solving their funding problems, but “a substantial percentage” of them do not expect to return to a healthier funded status, a Government Accountability Office expert told a congressional panel Tuesday.
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Trade-worker funds lose appeal to recover Madoff losses
Building-trade worker benefit funds that invested in feeder funds to Bernard L. Madoff Investment Securities won't be able to recover money from the Ponzi schemer's estate, a federal appeals court ruled Friday.
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Pension funds file proposal calling for independent chairman at J.P. Morgan ChaseA group of institutional investors representing $818 million in shares filed a shareholder proposal at J.P. Morgan Chase & Co., calling for an independent chairman of the board of the company.
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NCCMP report argues for "fundamental restructuring" of multiemployer plans
The U.S. multiemployer defined benefit pension system needs fundamental restructuring but it should come from the private sector, not government, argues a new report issued Tuesday by the National Coordinating Committee for Multiemployer Plans, Washington.
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Aon Hewitt: Corporate plans eyeing jump through lump-sum window
More than one-third of corporate defined benefit plan sponsors are considering lump-sum payouts this year for retirees and vested former employees, up from 7% last year, according to a new survey by Aon Hewitt.
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Philadelphia Bakery Employers pension plan signs outsourced manager
Philadelphia Bakery Employers & Food Driver Salesmen's Local 463 and the Teamsters Local 676 Pension Plan, Valley Forge, Pa., hired SEI Investments as its first outsourced investment manager.
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Western Conference of Teamsters gives Alan D. Biller discretionary authorityWestern Conference of Teamsters Pension Trust, Seattle, delegated full discretionary authority to hire and fire investment managers to Alan D. Biller and Associates.
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PBGC reports lead to calls for multiemployer pension reformThree reports by the Pension Benefit Guaranty Corp. on the financial health of multiemployer defined benefit pension plans are raising calls from Capitol Hill for possible reforms to prevent plan closings and increased PBGC deficits.
