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  1. Impact of GASB's new pension rules on government bond ratings

    trueFor many public sector retirement plan sponsors, the Governmental Accounting Standards Board's new pension reporting rules couldn't have come at a worse time. The changes, effective June 15 and encapsulated in GASB Statements 67 and 68, mandate that governmental balance sheets reflect unfunded ...

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  1. Pension funds should derisk now

    trueThe improvement of the funded status of corporate defined benefit plans offers plan sponsors and plan advisers a real opportunity to quantify and downsize risk.

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  2. Infrastructure still elusive in pension fund asset allocation

    trueThere's ample room for pension plans to increase their allocations to infrastructure.

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  3. Illusionary retirement accounts

    trueAs currently conceived, myRA helps people start saving now. What is missing is help to encourage them to save even more later.

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  4. A new cop at the SEC

    trueWith Mary Jo White now leading the Securities and Exchange Commission, senior executives of investment management firm and officials of fiduciary fund boards as well as compliance professionals alike should recognize the need to step up their game to avoid a potential run-in with the new cop on the ...

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  5. Retirement: A welcome focus from the State of the Union

    trueNot too long ago, talk of a retirement crisis, the reaction, more often than not, was “I'll believe it's a crisis when people start acting like it's a crisis.”

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  6. Arbitration threatens to wipe out shareholder rights

    trueA new movement would push companies to adopt provisions that could limit shareholders' ability to protect and enforce their rights in courtrooms across the country.

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  7. Flaws of adopting cost cutting in switching to DC plans

    trueThinking back to 2007 — before the financial crisis — public pension plans in the aggregate had nearly 90% of the assets on hand required to pay retirement benefits due decades in the future. However, like all investors, public pension funds took a deep hit when the financial markets melted down in ...

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  8. Misdirected impulse to shift from DB plans

    trueAlthough often assumed to save money, defined contribution plans are inefficient compared with defined benefit plans, which benefit from risk pooling, economies of scale and higher investment returns.

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  9. 2014 investment resolutions

    trueEvery market brings an opportunity to apply time-tested investment disciplines to a brand new fact set. Today, facts are substantially different than they were just a year ago.

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  10. Private equity's contribution to strengthening a pension fund

    trueThe strong performance of our private equity portfolio is helping us to strengthen the retirement security of our members and lower the cost to taxpayers and the city. That's a winning formula for everyone.

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  11. Transition cost not a bar to pension reform

    trueThere is a popular aphorism that “when you find yourself in a hole, the first step is to stop digging.” With respect to public employee pensions, a growing number of policymakers are contemplating following that advice.

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  12. Preventing the next financial crisis requires regulatory changes

    trueThe storm clouds of the next financial crisis are building and we must know where they are and how fast they are approaching. Our preparedness on all fronts must improve in 2014.

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  13. We're all activists now: unlocking the stewardship potential of investors

    trueThe application of suboptimal governance practices and the inadequate oversight of risk can have a significant toll on shareholder returns. The continued difficulties and challenges faced by a number of banking companies, for example, around the world are a timely reminder to investors of the ...

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