September 2018

17Sep

The Crisis in Public Sector Pension Plans: A Blueprint for Reform in New Jersey

By Eileen Norcross (George Mason University - Mercatus Center) & Andrew G. Biggs (American Enterprise Institute) In this study, we consider the case of New Jersey, which operates five defined benefit pension plans for state employees. The New Jersey Senate unanimously passed legislation in February 2010 that would put a question on the November ballot to constitutionally require the state to begin to make its full annual payment to the state’s pension system. The bill requires the state to catch...

September 17, 2018
Articles, Management, Pension design, , ,
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13Sep

The world’s largest pension funds – year ended 2017

Assets under management of the world's largest pension funds totalled US$18.1 trillion in 2017. Funds increased their value by 15.1% in 2017, compared to an increase of 6.1% in 2016. Strong market returns for all major asset classes helped boost pension assets during the year. The top 20 funds experienced a higher increase than the overall ranking (17.4%), thus increasing their relative size to 41.1% of total assets. North America remained the largest region in terms of AUM, accounting for 42.3% of all...

September 13, 2018
Books, Corporate Governance, Management, Pension design, Slider-Left, ,
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03Sep

Advances in the Practice of Public Investment Management: Portfolio Modelling, Performance Attribution and Governance

By Narayan Bulusu ,‎ Joachim Coche,‎ Alejandro Reveiz,‎ Francisco Rivadeneyra,‎ Vahe Sahakyan,‎ Ghislain Yanou This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management - including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the...

September 3, 2018
Books, Investing, Management, Pension design,
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03Sep

Pensionomics

By Mario Arturo Ruiz Estrada (University of Malaya: Social Security Research Centre (SSRC)) This paper explores the concept of pensionomics as a prospective tool of pension evaluation. The paper suggests a paradigm shift: a multidisciplinary synthesis of differing perspectives in evaluating pension overall performance based on past work on pension evaluation, incorporating non-economic variables with significant impact on economic growth and social development. The paper suggests a new analytical tool called “Pensions Consistency (PC) Index” that identifies the level of...

September 3, 2018
Articles, Management, Pension design, ,
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June 2018

25Jun

Retiring Employees, Unretired Debt: The Surprising Hidden Cost of Federal Employee Pensions

By William B. P. Robson (C.D. Howe Institute) & Alexandre Laurin (C.D. Howe Institute) Ottawa provides its employees with defined-benefit pensions that promise relatively generous benefits to a large current and former workforce. Being largely unfunded, these plans require future taxpayer support. They also create taxpayer risk because the economic value of the benefits they will provide can fluctuate by tens of billions of dollars annually. Current accounting practices understate this burden and the risks these plans create for taxpayers...

June 25, 2018
Articles, Management, System Sustainability, ,
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16Jun

Third Party Administration of Insurance & Pension Revenues in Germany: Product Revenues in Germany

By Editorial DataGroup Europe The Third Party Administration of Insurance & Pension Revenues Germany eBook provides 14 years Historic and Forecast data on the market for each of the 22 Products / Services covered. The Products / Services covered (Third party administration of insurance & pension Lines) are classified by the 5-Digit NAICS Product Codes and each Product and Services is then further defined and analysed by each 6 to 10-Digit NAICS Product Codes. In addition full Financial Data (188...

June 16, 2018
Books, Management, Pension design, ,
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16Jun

Public Pensions: State and Local Government Contributions to Underfunded Plans

By United States General Accounting Office (GAO)  Pursuant to a congressional request, GAO reviewed the status of public pension plan funding, focusing on the basic pension plans of state and local governments. GAO found that: (1) states and localities with underfunded pension plans run the risk of reducing future pension benefits to taxpayers or raising revenues; (2) unfunded liabilities for all state and local pension plans totalled $200 billion in 1992; (3) contributions to pension funds in 1992 fell short of...

June 16, 2018
Books, Management, System Sustainability, , , ,
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10Jun

Pension Markets in Focus

OECD Recent years have witnessed intense pension reform efforts in countries around the globe, often involving an increased use of funded pension programmes managed by the private sector. These funded arrangements are likely to play an increasingly important role in delivering retirement income in many countries and privately managed pension assets will play an increasing role in financial markets, notably as a source of long-term savings. This annual report, which now covers 85 countries, gives an overview of private pension systems worldwide and...

June 10, 2018
Books, Management, Pension design, Regulation, ,
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04Jun

Systemic Risk: A Practitioner's Guide to Measurement, Management and Analysis

By Malcolm H.D. Kemp Systemic Risk provides readers with a wide-ranging practical guide to systemic risk in the financial system. It challenges the notion that systemic risk is exclusively about interconnectivities within the financial system, showing that past systemic risk crises have often involved a broader range of vulnerabilities. It describes how regulators and governments are seeking to manage systemic risk, and how their concerns are driving change in regulatory and business environments across the financial sector. It sets out how...

June 4, 2018
Books, Management, Regulation,
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