Timken Co., Canton, Ohio, purchased a group annuity contract to pay future pension benefits for about 3,400 U.S. hourly retirees who retired from Timken bearing plants located in Canton and Columbus, Ohio, who started receiving benefits before Dec. 31, 2014. The type of retirees were incorrect in a story in the Nov. 20 P&I Daily.
New Mexico Public Employees Retirement Association’s domestic equity portfolio net return was -0.03% for the year ended Sept. 30, compared to -0.49% for the portfolio’s benchmark. Incorrect returns appeared in a story in the Nov. 24 P&I Daily.