Elections
Watch breaking news videos and read news updates about Elections on pionline.com
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L.A. pension reform referendum fails to make ballotAn effort to hold a referendum on replacing Los Angeles' three city pension plans with a defined contribution plan for new employees, proposed by former Mayor Richard Riordan, was temporarily put on hold.
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Retirement savings tax incentives in danger post electionThe odds of reduced tax incentives for retirement savings and further regulatory action on retirement issues increased significantly with the Nov. 6 federal election results.
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Second terms not as kind to equity marketsThe first four years of President Barack Obama's administration were very bullish for the stock market. The S&P 500 rose 66% from January 2009 through October 2012, using monthly averages of daily closing data. That compares very favorably to the 50% average of the first terms of the past 11 ...
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Dow drops below 13,000 as attention shifts to fiscal cliff, European debt crisesU.S. stocks plunged Wednesday, with the Dow Jones industrial average closing below the 13,000 mark for the first time since Aug. 2, as investor focus turned to the budget debate and Europe's debt crisis following President Barack Obama's re-election.
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Incumbents, amendments generally get nod in pension-related races
Incumbent candidates and parties largely won state and local elections that could potentially have the greatest impact on pension plans and reform, while most pension-related constitutional amendments passed.
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Stocks swoon as attention turns to fiscal cliff, European debt crisesU.S. stocks fell Wednesday as investors’ focus returned to the U.S. tax debate and Europe’s debt crisis following the re-election of President Barack Obama.
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Tax increases could put pressure on dividend stocksBill Gross has suggested investors buy municipal bonds and sell high-dividend-paying stocks. Such stocks might be at risk now that the likelihood of the 2001-2003 tax cuts expiring has increased, given President Obama's re-election. Should the tax cuts expire, dividends will be taxed as ordinary ...
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Early Election Day winner: U.S. markets
U.S. stocks rose on Tuesday as Americans went to the polls to pick a president.
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U.S. equity performance generally split on Election DayDuring the seven presidential election days the stock market has been open starting in 1984, U.S. equities have risen on four occasions and fallen on three days. The small sample size reveals the median Election Day return for the Russell 3000 has been 0.42%. The average return has been ...
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Poll results: For whom are you going to vote on Nov. 6?
Fifty-five percent of respondents to a P&I Online survey last week expect to vote for Republican presidential candidate Mitt Romney in Tuesday's election.
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Congress' inaction on the fiscal cliff could cost U.S. GDP more than 5%The year-end "fiscal cliff" consisting of government spending cuts and tax increases is projected to have crippling effects on the U.S. economy if lawmakers stand by and do nothing. A BlackRock research note published last month notes that under the worst-case scenario where nothing is done and the
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Goldman Sachs: Equities indifferent to winning party in recent past - Chart of The Day - Pensions & InvestmentsGoldman Sachs put out a research note on Oct. 26 highlighting median S&P 500 index returns in the months following presidential elections going back to 1976. Since that time, the S&P 500 has returned approximately 10% total returns in the 12 months following a presidential election - regardless of
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Amendments targeting public pension funds won't reduce liabilities - Pensions & InvestmentsA handful of constitutional amendments on the Nov. 6 ballots across the U.S. would affect public pension plans in a variety of states, but none goes very far toward reducing existing unfunded pension liabilities, even in the worst-funded states.
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State, local races could affect pension funds, managers, retirees - Pensions & InvestmentsA number of state and local pension plans around the country could see changes in the near future, depending on who is elected in a number of races on Nov. 6.
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Not just sitting ducksIn election season, politicians ask: Are you better off than you were four years ago? But pension funds should ask: Are they better prepared to deal with the risk and return challenges that lie ahead than they were when the financial market crisis struck?
