November 2024
19Nov

EEUU. El Fondo de Pensiones de la Ciudad de Nueva York (NYCERS) se suma a la alianza de propietarios de activos con emisiones netas cero de 9.5 billones de dólares

NYCERS se compromete con la Alianza de Propietarios de Activos Net-Zero de la ONU, alineándose con los esfuerzos globales para lograr emisiones netas cero para 2050. Fortalece su estrategia de inversión sostenible, reforzando el liderazgo en la mitigación del riesgo climático. Colabora con inversores que gestionan 9.5 billones de dólares, amplificando el impacto en las iniciativas climáticas globales. El Sistema de Jubilación de los Empleados de la Ciudad de Nueva York (Los neoyorquinos) se ha unido a la Net-Zero...

November 19, 2024
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19Nov

US. Strategic insights from pension funds – Global Investor Insights Survey

The Schroders Global Investor Insights Survey highlights pivotal shifts in pension fund investment strategies across US$13 trillion in assets. Nearly all respondents (94%) are either invested in or moving into private markets especially in areas like private debt, private equity, and renewable infrastructure – as pension funds seek long-term opportunities aligned with the energy transition and technological innovation. Indeed, the energy transition is a top priority for pension funds worldwide, with 93% of respondents already investing or planning to soon. The demand for...

November 19, 2024
News, Uncategorized,
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19Nov

N.Y. State Common Retirement Fund makes $4.6 billion in alternative investment commitments

The New York State Common Retirement Fund, Albany, has made 15 commitments totaling $4.6 billion to alternative investments, according to a notice posted on the website of Thomas P. DiNapoli, the state comptroller and sole trustee of the $267.7 billion pension fund. All commitments were made in September. The pension fund made five opportunistic absolute return strategy commitments for a total of $1.8 billion. The commitments are: TPG Solutions (A), managed by TPG Capital, for $500 million. This fund “invests exclusively”...

November 19, 2024
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15Nov

US. October Sees Gain in Corporate Pension Funded Status

An increase in discount rates helped corporate pensions by offsetting both a decline in asset values and weak investment returns. The funded ratios of corporate pension plans in the U.S. mostly improved in October, according to numerous trackers, continuing a near-perfect streak of month-over-month funded status improvement for more than a year. Despite weaker investment returns, most trackers found that declines in asset values were offset by increases in the discount rates used to value pension liabilities. According to Mercer,...

November 15, 2024
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14Nov

Four Questions to Narrow the Field of Retirement Income Solutions

The ranks of retirement income solutions are already impressive and continue to grow as participants’ needs evolve and providers innovate. It may seem like a tall task for defined contribution (DC) plan sponsors to home in on the solutions that warrant a closer look—even as the growing demand for lifetime income adds urgency to the effort. We think working through four critical questions, which address aspects such as the location, income certainty and accessibility of solutions, can help bring the...

November 14, 2024
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12Nov

US. Why do workers yearn for defined-benefit pension plans?

A closer look at the Boeing negotiations only makes the question more puzzling Boeing Co. unionized workers recently voted to accept the aerospace company's third contract offer and end their strike. The agreement does not include reopening the Boeing (BA) defined-benefit pension plan, which was cited as the major reason that the union rejected the second offer. Even though the strike is over, I find the fact that reopening the pension plan played such a prominent role in the negotiations really...

November 12, 2024
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08Nov

Real-World Shocks and Retirement System Resiliency

By Olivia S. Mitchell, John Sabelhaus & Stephen P. Utkus Growing awareness of real-world shocks including market downturns, health surprises, and labor market readjustment is calling into question the ability of global retirement systems to remain healthy and sustain future retirees. Financial and labor market stresses are shaping how older workers fare as they head into retirement, and how younger workers must prepare financially for their futures. These shocks come on top of long-standing concerns surrounding rising longevity, along with...

November 8, 2024
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08Nov

US. Republicans Break Protocol to Kill Social Security Benefits Expansion Bill

While many Republicans have called to protect or even expand Social Security benefits, GOP lawmakers killed a bill that would help millions of Americans get higher monthly payments. Experts spoke with Newsweek about the possible motives behind the move. A Social Security bill that would have repealed two rules that lower benefits for certain retirees was brought forward by House Reps. Garret Graves, (R-LA) and Abigail Spanberger (D-VA). Despite the bill previously having a wide range of bipartisan support and Graves and Spanberger securing the 218 signatures needed...

November 8, 2024
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08Nov

US. Corporate pension funding improves in October after discount rates rise for the first time since April

Milliman analysis: Corporate pension funding improves in October after discount rates rise for the first time since April Milliman PFI funded ratio climbs to 103.4% after discount rates increase by 35 basis points Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During October, the Milliman 100 PFI plans’ funded ratio improved from 102.5% at the end of September to...

November 8, 2024
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07Nov

US. Employers offering better retirement plan benefits — Willis Towers Watson

Employers are becoming more generous with their retirement plan benefits, according to Willis Towers Watson’s 2024 U.S. Defined Contribution Survey. While the median employer contribution to defined contribution plans remained at 7.1% of pay, the gap in overall retirement benefits offered by the most and least generous employers narrowed significantly between 2000 and 2020, the survey found. In 2020, the most generous employers — those in the 90th percentile — provided retirement benefits that were 10.9% of pay, whereas the least...

November 7, 2024
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