Legislation

Congressman introduces bill that could help endowments avoid new tax

Endowments and Foundations

Endowments and Foundations

Endowments facing a new tax on investment income could avoid that if they commit more profits to middle-class students, under proposed legislation.
SOA projects 115 multiemployer plans to be insolvent in 20 years

PENSION FUNDS

PENSION FUNDS

An estimated 115 multiemployer plans covering roughly 1.4 million participants are likely to be insolvent within the next 20 years.
Tax reform could spell trouble for derisking
U.S. tax law changes could make LDI investing tougher by crimping issuance of long-duration corporate bonds.
U.S. pension reform panel sorely needed

EDITORIAL

EDITORIAL

With so many workers failing to save enough — or anything — for retirement, it's time to re-examine the U.S. retirement system.
New Jersey governor vetoes bill to split off police and fire pension system

Legislation

Legislation

New Jersey Gov. Phil Murphy issued a conditional veto of a bill that allows the state Police and Firemen's Retirement System to operate independently.
Colorado passes pension reform, increasing contributions and retirement age

Legislation

Legislation

The Colorado General Assembly reached a compromise to pass a pension reform bill on the last day of the legislative session.
GAO highlights Puerto Rico debt crisis causes, possible steps

Economy

Economy

Puerto Rico's debt crisis was caused by inadequate financial management and oversight, poor policy decisions and prolonged economic contraction, GAO says.
Office of Personnel Management proposes federal employees pay more for retirement

Legislation

Legislation

The Office of Personnel Management submitted proposals to Congress that would have federal employees pay a greater share toward their retirement benefits.
Commentary: Will the rising tide of tax reform lift all economic boats?

Industry Voices

Industry Voices

The recent tax overhaul has bid up stock prices but the legislation could also stoke economic growth and corporate earnings.
Colorado House passes amended pension reform bill, shifting higher contributions to the state

Legislation

Legislation

The Colorado House passed an amended bill designed to improve the funded status of the state pension plan and lower its overall risk.
KKR switching to a corporation from a partnership, following Ares lead

ALTERNATIVES

ALTERNATIVES

KKR & Co. announced that effective July 1 it is switching to a corporation from a partnership, a move that will save the firm on its taxes.
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.
California Senate committee kills bill allowing employees to opt out of CalPERS

Legislation

Legislation

California bills, including one that would have allowed new state workers to opt out of CalPERS in favor of a DC plan, failed to pass a Senate committee.
Kentucky judge allows lawsuit against newly signed pension reform to continue

COURTS

COURTS

A Franklin Circuit Court judge ruled Wednesday that Kentucky Attorney General Andy Beshear's lawsuit against a recent pension reform law can move forward.
Senators introduce bill calling for retirement commission to guide Congress

Legislation

Legislation

Proposed legislation would create a commission to give Congress suggestions on how to improve private retirement benefits programs.