PFRDA - Pension Fund News

Pension Fund News

Schemes need a Plan B – that Plan A renders redundant Sunday, July 17, 2011 @ 7:13PMHow do pension funds clear their deficits and reduce risk at the same time? Over the past few years, consultants and asset managers have come up with a good Plan A, but as we all know, sometimes things don’t turn out as we hope. We all need to start thinking about Plan B.
'Resilient' Greece can inspire world Sunday, July 17, 2011 @ 7:11PMUS Secretary of State Hillary Clinton on Sunday said Greece's "resilience" in tackling its huge debt could inspire the world, as she expressed Washington's support for the government's efforts.
Fiji: Nation needs support for peaceful return to democracy Sunday, July 17, 2011 @ 7:11PMAuckland ( Indian Weekender/Pacific Media Watch ) - Two former Fiji academics have called for a better understanding of Fiji politics, saying no efforts should be spared in working towards a smooth, orderly and swift transition to democracy in Fiji.
Clinton backs Greece in debt fight Sunday, July 17, 2011 @ 6:36PMUS Secretary of State Hillary Clinton on Sunday said Greece's "resilience" in tackling its huge debt could inspire the world as she expressed Washington's support to the government's reform efforts.
'Resilient' Greece's debt efforts can inspire world: Clinton Sunday, July 17, 2011 @ 6:30PMHillary Clinton said Greece's "resilience" in tackling its huge debt could inspire the world, as she expressed Washington's support for the efforts.
Fort Worth's new mayor, Betsy Price, has thorny issues to attack Sunday, July 17, 2011 @ 6:17PMFort Worth's new mayor now has a full plate of thorny issues to chew on.
Watson chief moves to defuse tension Sunday, July 17, 2011 @ 6:14PMChris Ford, European head of investment consulting at Towers Watson since January, is tackling head on one of the big issues in pensions today: relations between fund managers and consultants.
Saving gains popularity Sunday, July 17, 2011 @ 6:10PMTwo-fifths of Britons have saved the same amount of money or more in the last year compared with the same period 12 months before, research by Standard Life shows.
Sunny Days Ahead Sunday, July 17, 2011 @ 5:26PMAn old adage goes like this: earn today, live tomorrow. The virtues of saving for the future is well-known but a more pertinent question now is: are we saving enough to live many more years than our parents and grandparents did after retirement?
School districts deal with state budget cuts Saturday, July 16, 2011 @ 9:24AMWhen the Legislature finished its work this year, pay cuts for teachers dominated most discussions about the state budget. But school districts across Washington say nothing is ever simple when it comes to the budget and many teachers will not have their pay cut.
NY comptroller raises $327,000 for campaign fund Saturday, July 16, 2011 @ 8:12AMALBANY -- Campaign finance reports show New York Comptroller Thomas DiNapoli raised almost $327,000 during the first six months of his first full term as the state's chief financial officer.
Czech press survey - July 16 Saturday, July 16, 2011 @ 7:20AMPrague - The Czech government of Petr Necas (Civic Democrats, ODS) is discrediting the idea of reforms since its planned reforms would burden only the low- and medium-income groups, Jiri Hanak writes in Pravo today.
Indy officer shot in 2008 is denied a full pension Saturday, July 16, 2011 @ 7:06AMINDIANAPOLIS #8212; An Indianapolis police officer who suffered brain damage when he was shot while chasing a suspect in three killings is appealing the state retirement fund #8217;s decision to deny him the full pension.
Education groups draw fire over CIR reform Saturday, July 16, 2011 @ 6:57AMOmaha World-Herald OMAHA - The past two weeks have been cruel to the state's education associations. The head of the Nebraska Association of School Boards was called out at a legislative hearing. Senators told them to get to work. Even Gov. Dave Heineman made a dig.
M'ville employee groups ratify contracts Saturday, July 16, 2011 @ 6:37AMThe budget recently passed by the city of Marysville was contingent upon the three city unions ratifying the tentative agreements reached between city and union representatives; these agreements were ratified.
Has LRT gone off the rails? Saturday, July 16, 2011 @ 6:17AMIs light rail derailed in Hamilton? The idea, just a few short years ago, seemed to be zooming along. Council was on board, unanimously backing LRT for Hamilton's rapid transit future and parking the idea of buses. Polls showed a good chunk of the public was supportive.
LAWRENCE: Township officials see savings in new laws Saturday, July 16, 2011 @ 3:38AMThe pension and health insurance reforms that target public employees and were signed into law by Gov. Chris Christie this week will save taxpayersâ dollars in the next few years, but how much remains to be seen.
Redevelopment plan will be costly to Redding, Shasta Lake Saturday, July 16, 2011 @ 1:57AMRedding and Shasta Lake likely will wind up forking over the hefty sums California demands as the price for doing redevelopment in an era of balanced state budgets.
CICC, HSBC, Credit Suisse to lead PICC listing Saturday, July 16, 2011 @ 12:13AMHONG KONG : State-owned People's Insurance Company of China Group (PICC), one of country's largest insurers, has chosen China International Capital Corporation (CICC), HSBC and Credit Suisse to lead a planned listing in Hong Kong and Shanghai , the South China Morning Post reported on Saturday.
Additional news "Real estate" Friday, July 15, 2011 @ 11:57PMMore than 36 million rubles transferred office of the Pension Fund on the edge of the Kamchatka for reimbursement of pensioners to pay the cost of travel to a place of rest and back. Told a BakuToday told the press service of the regional fund.
IMPD's Fishburn, shot in 2008, in dispute with state over pension Friday, July 15, 2011 @ 11:39PMThe officer who was shot in the line of duty in 2008 is appealing a decision from Indiana retirement fund to set his pension at 69 percent of his salary.
CICC, HSBC, Credit Suisse to lead PICC listing-paper Friday, July 15, 2011 @ 11:10PMHONG KONG, July 16 (Reuters) - State-owned People'sInsurance Company of China Group (PICC), one of country'slargest insurers, has chosen China International CapitalCorporation (CICC), HSBC and ...
Election question: who is running Phoenix city hall? Friday, July 15, 2011 @ 10:55PMPhoenix has an election that will chart the course for ... no, wait, WAIT. I know it's summer and you don't want to think about a city election. (Which is probably why it's held in August.) So let's just cut to what is at the heart of this election. Six words: Food tax. Union bosses. Frank Fairbanks. Translation: what the heck is going on at Phoenix city hall and who, exactly, is representing ...
Indiana police officer shot in 2008 denied full pension Friday, July 15, 2011 @ 10:27PMAn Indianapolis police officer who suffered brain damage when he was shot while chasing a suspect in three killings is appealing the state retirement fund's decision to deny him the full pension.
Looney Liu Friday, July 15, 2011 @ 9:12PMDeputy Mayor Robert Steel this week blasted city Comptroller John Liu's disingenuous -- and wacky -- boast about the city pension funds' 20 percent return on his watch. "In fact, over the same period," said Steel, "the S&P was up over 30 percent." He slammed Liu's "achievement...
MPs fight plans to end cushy pension Friday, July 15, 2011 @ 9:08PMMPs fight plans to end gold-plated pensions as millions face grief at their retirement pots
This retiree is sitting pretty Friday, July 15, 2011 @ 8:28PMWidow can live well today - and leave her kids a legacy - by tweaking her holdings to hang on to what she has
Latest developments in debt ceiling standoff Thursday, July 14, 2011 @ 5:43PMThe Associated Press Congress has until Aug. 2 to raise the federal borrowing limit or the government will run out of money and possibly default on its debt. House Republicans say they won't raise the debt limit without equal spending cuts. President Barack Obama and Democrats insist that higher revenues must be included. Thursday's developments: The first, fragile signs emerge of a possible ...
Czech press survey - July 15 Thursday, July 14, 2011 @ 5:35PMPrague - The Czech coalition government of Petr Necas (Civic Democrats, ODS) celebrates its first birthday and it is interesting to see what it has achieved so far, Alexandr Mitrofanov writes in the Pravo daily today.
Europe reaches for desperate remedies Thursday, July 14, 2011 @ 5:27PMEven if Germany drops its demand for private sector involvement in the second Greek bailout, a deal might not be prepared swiftly enough to halt the spread of the eurozone debt crisis. 15 Jul 2011 8:17 AM
New SSS savings window to increase members’ retirement benefits Thursday, July 14, 2011 @ 5:21PMMANILA, July 15 (PNA) -- The Social Security System (SSS) plans to open this year a savings window for members so they can look forward to more benefits on top of their retirement pension, a top official said.
What is the debt? A look at commonly asked questions and the latest developments in standoff Thursday, July 14, 2011 @ 5:16PMCongress has until Aug. 2 to raise the federal borrowing limit or the government will run out of money and possibly default on its debt. House Republicans say they won't raise the debt limit without equal spending cuts.
Fitch Affirms Texas Public Finance Auth State GO Bonds at 'AAA' Thursday, July 14, 2011 @ 5:09PMNEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' long-term rating to the following Texas Public Finance Authority (TPFA) State of Texas (the state) general obligation (GO) bonds: --$357.41 million GO and refunding bonds, series 2011; --$285 million GO and refunding bonds, taxable series 2011. The bonds are expected to sell via negotiated sale, with the tax-exempt bonds selling on July ...
New York: Bloomberg rewards senators for gay marriage vote Thursday, July 14, 2011 @ 5:07PMMembers of an advisory panel will vote Friday on their final recommendations to Gov. - 1:16 pm
Phone hacking: Embattled Murdochs target of personal lawsuits Thursday, July 14, 2011 @ 4:57PMRupert and James Murdoch are to be sued personally for their handling of the phone-hacking debacle, it emerged on Thursday night as the family's woes intensified on both sides of the Atlantic.
Fitch Rates Frederick County, Maryland's GOs 'AAA'; Outlook Revised to Stable Thursday, July 14, 2011 @ 4:54PMNEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AAA' rating to the following general obligation (GO) bonds of Frederick County, Maryland (the county): --$55,810,000 GO public facilities bonds, series 2011A; --Approximately $16.6 million GO public facilities refunding bonds, series 2011B. The bonds will be offered through a competitive sale on July 21. Proceeds of the series 2011A bonds will ...
Fitch Rates $417MM Ohio GO Bonds 'AA+'; Outlook Stable Thursday, July 14, 2011 @ 4:53PMNEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA+' rating to $416.75 million state of Ohio general obligation (GO) bonds as follows: --$184.28 million common schools GO refunding bonds, series 2011A; --$108.145 million higher education GO refunding bonds, series 2011A; --$98.86 million infrastructure improvement GO refunding bonds, series 2011B; --$25.465 million natural resources GO ...
NH retirement system sues over pension reform Wednesday, July 13, 2011 @ 9:02AMThe public New Hampshire Retirement System asked a court Tuesday to block implementation of the part of a new pension reform law dealing with setting employer contribution rates.
Gazette.Net: Frederick police look to public for support Wednesday, July 13, 2011 @ 8:59AMUntil now, Frederick’s Fraternal Order of Police has not worked without a contract since 1995, straining the relationship between police and the mayor, and prompting the FOP to take its case to the public.
PENSION CRISIS: Pension changes lighten budget load Wednesday, July 13, 2011 @ 8:59AM(Editor's note: This is part 6 of an occasional series on the effects of the state's pension costs. The series began last July.) The year is 2020, just nine years from now, and the state is facing one of its worst budget crises in years.
Govt needs to step up budget measures in 2012 - MNB Wednesday, July 13, 2011 @ 8:59AMHungary's National Bank (MNB) has published a new study that aims to provide information on how budget processes will turn out this year and next, reports Portfolio.hu . The new analysis may be a point of reference for the Fiscal Council for the assessment of the 2012 budget plan, as the central bank has become one of the professional workshops supporting the FC, given that MNB Governor András ...
Fitch Rates $718MM State of Maryland GOs 'AAA'; Outlook Stable Wednesday, July 13, 2011 @ 8:58AMFitch Ratings assigns an 'AAA' rating to the following State of Maryland general obligation bonds, state and local facilities loan of 2011, second series, consisting of:
Uniq pension fund hopes for buyout Wednesday, July 13, 2011 @ 8:57AMThe £630m Uniq Pension Scheme is already in talks with insurance companies to 'buy out' and wind itself down, following yesterday's £113m bid for its former parent company by the convenience-foods group Greencore.
Deals of the Day: News Corp. Withdraws Bid for BSkyB Wednesday, July 13, 2011 @ 8:49AMDeals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.
BBB funding more important than downtown lighting Wednesday, July 13, 2011 @ 8:29AMBOYERTOWN –– Boyertown Borough Council and Building a Better Boyertown agree Pennsylvania Department of Transportation was incorrect when denied LED lighting plans for the downtown, what’s more important right now are the grants being held by PennDOT for dispersal to the BBB.
Analysis - Commodity investors seek ways to beat correlation Wednesday, July 13, 2011 @ 8:29AMBy Claire Milhench
Pensioners regret taking lump sum from their pension fund Wednesday, July 13, 2011 @ 8:26AMNearly half of pensioners say they are living a cautious retirement amid concern about having sufficient long-term finds, according to new research from Prudential.
Retirees Should Have More Annuities, Fewer Stocks Monday, July 11, 2011 @ 4:04PMEquities should be no more than 25% of your portfolio, says Robert Powell.
Judge scales back Toyota investors’ legal claims Monday, July 11, 2011 @ 3:55PMPlaintiffs failed to show intent in many claims
Bears Smell Blood As Euro Falls Below $1.4000 Monday, July 11, 2011 @ 3:42PMBears Smell Blood As Euro Falls Below $1.4000