Pension funding

Bachher still laying foundation of UC investments makeover

ASSET OWNERS -

ASSET OWNERS -

University of California investment staff have ambitious plans to continue revamping the investments of the $78 billion it oversees.
Kentucky lawmakers approve bill to put new teachers in cash balance plan

LEGISLATION -

LEGISLATION -

The Kentucky General Assembly quickly approved a new pension reform bill that includes placing future teachers in a new cash balance plan.
Foot Locker to kick $128 million into U.S. pension plan this year

Contributions -

Contributions -

Foot Locker Inc. will make a $128 million contribution to its qualified U.S. pension plan this year.
Illinois Municipal's new chief promises to work to maintain fund's success

Pension Plans -

Pension Plans -

Illinois Municipal's new executive director knows it will take a lot of work to maintain the fund's success in investments and operations.
Puerto Rico oversight board calls on pension cuts, move to DC plan

ECONOMY -

ECONOMY -

Puerto Rico has until April 5 to submit a revised fiscal plan that includes 10% pension cuts and other reforms.
Nortel Networks UK Pension Trust will no longer need to enter Pension Protection Fund

Pension Funds -

Pension Funds -

Nortel Networks UK Pension Trust will no longer need to enter the Pension Protection Fund after trustees recovered assets from the sponsor.
Increased contributions, strong markets help reduce FTSE 100 company pension deficits

Contributions -

Contributions -

Significant sponsoring employer contributions to FTSE 100 company pension funds helped drive a 32% reduction in the total deficit.
Proposed pay equity restriction is misguided

EDITORIAL -

EDITORIAL -

Placing pay-equity policy restrictions on public funds' use of alternatives managers, as proposed in a bill in California, is misguided.
U.K. corporate pension fund deficit soars 41% in February

Pension Funds -

Pension Funds -

The total deficit of all pension funds covered by the Pension Protection Fund's 7800 index increased 41.4% in February to 72.1 billion.
4 consultants report small moves in both directions for corporate pension funding in February

Pension Funds -

Pension Funds -

U.S. corporate pension funding ratios saw modest movement in February, according to monthly reports from Mercer, Wilshire Consulting, Milliman and Aon Hewitt.
NISA: Pension Surplus Risk index increases for second straight month

Pension Funds -

Pension Funds -

NISA Investment Advisors' Pension Surplus Risk index rose for the second straight month in February, to 7.6% from 7.1%.
Oregon Legislature passes bill creating new funds to help with pension contributions

Legislation -

Legislation -

The Oregon Legislature passed a bill aimed at reducing the $74.6 billion Oregon Public Employees Retirement Fund's unfunded liability.
U.K.'s Pensions Regulator wants input on Melrose acquisition of GKN to protect pension funds

Pension Funds -

Pension Funds -

The Pensions Regulator in the U.K. wants Melrose Industries PLC to get clearance from TPR to acquire GKN PLC to protect the pension funds.
U.S. corporate pension funding ratios little changed in February – 2 reports

Pension Funds -

Pension Funds -

U.S. corporate pension funding ratios moved slightly in February, with LGIMA reporting a 20-basis-point increase and Northern Trust noting a slight decline.
Russell: '$20 billion club' sees pension funding ratio improve to 84.4%

PENSION FUNDS -

PENSION FUNDS -

The funded status of 20 U.S. publicly listed corporations with more than $20 billion in pension fund liabilities improved to 84.4% in 2017.