Union pensions

Wilshire TUCS, BNY Mellon universes record first quarterly loss in more than 2 years

Investing

Investing

Institutional investors lost about 0.4% in the first quarter, according to recent data from BNY Mellon and Wilshire Associates.
Alaska Ironworkers Pension Plan approved for MPRA benefit cuts

Pension Funds

Pension Funds

A second application by Alaska Ironworkers Pension Plan, Anchorage, to reduce benefits was approved by the Treasury Department.
Unions look for jobs to go with their infrastructure investments

ALTERNATIVES

ALTERNATIVES

Some unions are flexing their financial muscle to make a direct connection between union jobs and infrastructure investments.
Peeps maker denied bid to stop new hire pension contributions

PENSION FUNDS

PENSION FUNDS

An appeals court denied a bid by Peeps maker Just Born Quality Confections to be allowed to stop making pension contributions for newly hired workers.
3 more multiemployer plans apply for benefit cuts

Pension Funds

Pension Funds

Three more multiemployer pension funds have applied for permission to reduce benefits to remain solvent.
Pressroom workers' pension fund applies for MPRA benefit reductions

Pension Funds

Pension Funds

Pressroom Unions' Pension Trust Fund applied for permission to reduce benefits to remain solvent.
Horizon Actuarial Services acquires Crews MacQuarrie & Associates

Consultants

Consultants

Horizon Actuarial Services is acquiring Crews MacQuarrie. Both firms provide actuarial and consulting services to multiemployer plans.
PBGC encourages new approaches to multiemployer withdrawal liability

Washington

Washington

The PBGC is issuing new guidance on multiemployer withdrawal liability calculations.