Public DC plans
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Phoenix Employees swaps managers for DC plan options
truePhoenix Employees’ Deferred Compensation Board is adding the MFS Mid Cap Value Fund as an investment option in the two defined contribution plans it oversees.
New London firefighters drop DC plan, join Connecticut Municipal Employees
trueNew London, Conn., firefighters are back to participating in a municipal defined benefit plan after being in a 401(a) defined contribution plan for 17 years.
Federal retirement benefits likely target for GOP
trueFederal employees are bracing for more bad news about their retirement benefits as Republicans prepare to control both chambers of Congress.
San Francisco City & County Employees terminates PIMCO from DC plan
trueSan Francisco City & County Employees' Retirement System on Wednesday ratified the termination of the PIMCO Total Return Fund from its $2.67 billion deferred compensation plan.
Roanoke County seeks investment consultant for schools' DC plan
trueRoanoke County, Va., is searching for an investment consultant for Roanoke County Public Schools’ $6.6 million 403(b) plan.
Jacksonville utility company seeks consultant for DB, DC plans
trueJEA, Jacksonville, Fla., is searching for an investment consultant for its $147 million St. Johns River Power Park Defined Benefit Employees' Retirement Plan, $119 million 457 plan and $14 million 401(a) plan.
Oklahoma Municipal Retirement adds 3 managers for international equities
trueklahoma Municipal Retirement Fund hired WCM Investment Management, Investec Asset Management and Harding Loevner to run about $28 million each in active international equities for its $474 million defined benefit and $280 million 401(a) plans.
Phoenix voters defeat initiative to move pension fund participants to 401(k) plan
trueVoters in Phoenix on Tuesday rejected an initiative that would have closed the $2.2 billion Phoenix City Employees’ Retirement System and created a new 401(k) plan for city employees.
3 Connecticut DC plans hunting for provider, stable value, custom target-date funds
trueConnecticut Office of the State Comptroller is searching for a bundled provider, stable value manager and investment manager to create a custom target-date fund lineup for the state’s three defined contribution plans.
Leesburg, Fla., looking for consultant for 2 DC plans
trueLeesburg, Fla., is searching for an investment consultant for its 401(a) and 457 plans.
San Diego County Water Authority seeks DC consultant
trueSan Diego County Water Authority is searching for an investment consultant for its 457 and 401(a) plans,
Metro Washington Airports to page record keepers
trueMetropolitan Washington Airports Authority plans to search for a firm to provide record keeping and administrative services for its 457(b) and 401(a) plans.
Illinois State Board of Investment seeks small-cap option for 457 plan
trueIllinois State Board of Investment is searching for an active domestic small-cap growth equity manager for the state’s $4.1 billion deferred compensation plan.
Precision, flexibility vital for DC plans, say speakers at P&I conference
trueDefined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions & Investments West Coast Defined Contribution Conference, held Oct. 26-28 in San Diego.
Ohio Bureau of Workers' Compensation gives $3 billion to 4 bond managers
trueOhio Bureau of Workers' Compensation hired J.P. Morgan Asset Management, Loomis Sayles & Co., Prudential Financial and TCW Group to run about $725 million each in active domestic core-plus fixed income for the $24 billion state insurance fund.