Letters to the Editor
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Moving ahead with say-on-pay
A Feb. 6 Pensions & Investments editorial, “Unease with say on pay,” noted that the United Kingdom is considering making the advisory vote its shareholders have on executive pay — say-on-pay — binding under some circumstances and concluded it would be a bad idea to do so in the United States.
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Iowa should be model for a time of changes
Recent data suggest a growing number of public employee retirements taking place across the United States. For example, the Wisconsin Retirement System points out that the number of public employees retiring in Wisconsin increased by 33.6% from 2010 to 2011.
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GM plan freeze and the retirement crisis
Unfortunately, the decision by General Motors Co. to freeze its plan marks another bad day for retirees in this country.
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Market should decide value of ratings
This is a response to “Proposals to reform credit-rating firms falling short,” an Other Views commentary in the Oct. 31 Pensions & Investments.
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PBGC woes not likely to change
Pensions & Investments' Dec. 12 editorial, “Strengthening PBGC,” looks at the trees but does not appear to see the forest.
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Identifying the wrong objective
We applaud the emphasis on risk in the Nov. 14 issue of Pensions & Investments. Not only is there an eight-page supplement titled “RISK” by three investment giants, there is a full-page advertisement announcing a forthcoming webinar on risk management and an editorial on risk oversight.
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Pension plan consolidations not necessarily a cure for ills
In your Nov. 28 editorial, “Time for coordination,” you conclude your piece with the statement: “The IMRF, the Massachusetts standard and the New York City proposal could show the way for many public defined benefit plans.” I disagree.
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Coxe draws on talent from beyond firmThe capital asset pricing model — and its Basel equivalent — remain under sustained attack, and pension investors need to think through the implications for them of this potentially catastrophic decay of the basic model.
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Letters to the Editor
Actuaries should follow practices, or risk liability; DiNapoli right on DB value.
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Ruling jeopardizes actuarial relations
Unfortunately, the recent 4-3 decision handed down by the Maryland Court of Appeals in Milliman Inc. vs. Maryland State Retirement System, et al., threatens access to expertise at a time when pension funds need it most.