Public DC plans
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Boise 457 plan taps Lincoln Financial as new provider
trueBoise (Idaho) Governmental 457 Deferred Compensation Plan hired Lincoln Financial Group as bundled provider.
Broomfield, Colo., puts PIMCO Total Return Fund on watch for 2 DC plans
trueBroomfield, Colo., put PIMCO's Total Return Fund on watch for its two 401(a) money purchase plans.
Illinois State Board of Investment looking for record keeper for 457 plan
trueIllinois State Board of Investment is searching for a record keeper for the $4.1 billion Illinois State Employees' Deferred Compensation Plan.
Fort Worth drops Wells Fargo fund from 457 plan
trueFort Worth, Texas, is removing the Wells Fargo Stable Value Fund from the lineup of its $161 million 457(b) plan, said a letter to participants posted on the plan’s website.
Supplemental DB plan legislation introduced in Ontario
trueThe Ontario Finance Ministry introduced legislation to create a mandatory provincial defined benefit plan to supplement the C$234.4 billion (US$204.8 billion) Canada Pension Plan, Ottawa, and a separate pooled provincial defined contribution retirement plan.
Fermi Research Alliance picks Fidelity as sole record keeper in DC revamp
trueFermi Research Alliance, hired Fidelity Investments as sole record keeper and is overhauling the investment lineup of its defined contribution plans, effective Feb. 2.
Metropolitan Washington Airports Authority searches for record keeper
trueMetropolitan Washington Airports Authority issued an RFP for a firm to provide record keeping and administrative services for its 457(b) and 401(a) plans.
Illinois General Assembly passes private-sector retirement savings act
trueThe Illinois General Assembly passed the Illinois Secure Choice Savings Program Act, which creates an auto enrollment, payroll-deducted retirement savings account for private-sector employees whose employers do not offer retirement plans.
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trueKansas Public Employees Retirement System will add the Vanguard Selected Value Fund to the lineup of its 457 plan in January.
Utah Retirement Systems introduces custom target-date funds
trueUtah Retirement Systems will add a series of custom target-date funds to the lineup of its defined contribution plans, effective Jan. 1, 2015.
NCPERS: Confidence in public pension funds grows following strong year
truePublic pension plan officials are feeling more confident about plan sustainability and retirement readiness, said a survey released Monday by the National Conference on Public Employee Retirement Systems.
Colorado County picks MetWest fund to replace PIMCO
trueColorado County Officials & Employees Retirement Association is adding the Metropolitan West Total Return Bond Fund to the investment lineup of its 401(a) and 457 plans.
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.