Letters to the Editor

  1. State needs to shore up its plan before meddling outside

    trueI recently viewed the interview of Kevin Lembo, comptroller of the state of Connecticut, discussing the state's effort to create a retirement plan for private sector workers who are not covered by a plan through their workplace (“States taking lead in creating plans for private sector,” June 29, ...

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  1. Pick your poison: Pension crisis or health-care crisis

    trueThe following letters are in response to a P&I online poll asking, “Do you think the U.S. retirement crisis will be bigger than the health-care crisis?” The question is based on comments by Laurence D. Fink, BlackRock Inc. chairman and CEO, speaking June 16 at P&I's Global Future of Retirement ...

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  2. Legislation offers workable solution to multiemployer plan underfunding

    trueYour June 29 editorial, “Defying economic reality,” does your readers a disservice by failing to accurately inform them about the Keep Our Pension Promises Act of 2015.

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  3. Divesting takes away from fiduciary duty

    trueI want to echo the comments by Gary Findlay about divesting of public employees' retirement assets to serve a public purpose (Other Views, June 15).

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  4. Seeing penalties as cost of doing business

    true“Making banks accountable” is a well-written editorial (Pensions & Investments, June 1) that reveals a classic David vs. Goliath situation: The banks hold the upper hand in terms of money, power and connections to legislatures. The editorial illustrates a prevailing philosophy among current ...

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  5. Consolidation fails to give full picture of funded levels

    trueI'm a frequent and satisfied reader of pionline.com and I've attended your well-planned conferences. I was even mentioned in your April 17, 2006, edition.

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  6. Missing the point of employer groups in Tibble fee case

    trueThe March 9 editorial, “Wasting 401(k) plan assets,” contains a number of inaccuracies and misrepresentations of the employer community's position on Tibble vs. Edison, the pending U.S. Supreme Court case involving 401(k) plan fees. The undersigned organizations filed an amicus brief on Jan. 23 in ...

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  7. Pension cuts? All I worked "now was for nothing'

    truePension cuts? All I worked "now was for nothing'

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  8. Adding liabilities as a reference point to MPT

    trueFrank Sortino and Hal Forsey, along with Robert C. Merton, make some very important points about the importance of asset-liability management considerations not only for defined benefit pension funds, but also for defined contribution funds (Pensions & Investments, Other Views, Nov. 24).

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  9. Should active management die? No, keep small elite

    trueA front-page story in the Sept. 15 Pensions & Investments headlined “Move to passive likely to build still more steam” prognosticates the slow death of active management.

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  10. Money-weighted returns the way to go

    trueI was pleased to see the article regarding the Governmental Accounting Standards Board's new requirement for public pension funds to use the internal rate of return (“Good returns ease public fund fears as GASB reporting changes take hold,” Sept. 15, page 2). To me, this is a massive change that ...

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  11. Ranking Credit Suisse's assets in hedge funds

    trueCredit Suisse Asset Management did not appear in the annual survey of hedge fund managers and hedge funds of funds managers, but for the record Credit Suisse Asset Management's assets under management as of June 30 were:

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  12. Outcomes the key metric for target-date funds

    trueIn regard to the Aug. 18 Pensions & Investments' page 4 story, “Some target-date funds are boosting equities”:

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  13. Timbervest CEO disputes SEC

    trueThe story, “SEC ruling expected in Timbervest case” (Aug. 18, 2014) did not contain much of our side of the story in part because the reporter mostly relied upon the SEC's biased information. Among the points missed is the administrative law judge's prior ruling that disbarment of the principals ...

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