In The News

In The News
Terms of SEI Excessive Fee Settlement Disclosed

Another financial services firm has agreed to some procedural changes and a monetary settlement regarding the proprietary funds it offered in its own 401(k) plan.

08.01.19
In The News
Pension Fund Trustees Who Spent More Than $1.3 Million On Trips To Face Audit

The Board of Supervisors ordered an audit Tuesday of L.A. County’s pension fund following a Times investigation of trustees’ spending on travel.

08.01.19
In The News
Maryland State Retirement & Pension System Earns 6.46% on Investments in FY 2019

Baltimore, MD (July 31, 2019) — The Board of Trustees of the Maryland State Retirement and Pension System today announced that its portfolio returned 6.46% percent, net of fees, on investments for the fiscal year that ended June 30, 2019—falling short of the System’s 7.45% assumed actuarial return rate. The fund’s performance raised the system’s assets to $54.2 billion, an increase of $2.4 billion over last year.

07.31.19
In The News
Tennessee Pension Fund Investments In Marijuana Company Generates Smoke

NASHVILLE — In a state where many in the Republican-dominated government, including Gov. Bill Lee, oppose legalizing even medical marijuana, it turns out that Tennessee’s massive $52 billion retirement system stands to benefit from an investment it has in the soaring pot industry.

07.31.19
In The News
Illinois Pension Buyout Program Delivers Just 3% Of Projected Savings

A plan that allowed some pension enrollees to cash in early on their earned retirement benefits in exchange for curbing future benefits has so far generated only 3% of its expected savings.

07.30.19
In The News
State Retirement Board Reduces Actuarial Assumed Rate of Return

Baltimore, MD (July 26, 2019) —The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) today voted to reduce the System’s actuarial assumed rate of return on its investments from 7.45% to 7.40%. The System’s lower rate will be effective beginning in fiscal year 2021.

07.30.19
In The News
Institutional Investors Have More Power Than Governments To Shape Climate Future

Institutional investors have been using their financial heft to urge corporations to go green. But now they are asking Congress to do more — to get regulators to ensure transparency and consistency when it comes to reporting risks.

07.29.19
In The News
How Wisconsin Fully Funded Its Retirement System

As many state pension plans struggle with severe underfunding, the Wisconsin Retirement System stands out with a funded ratio above 100 percent.

07.29.19
In The News
New Jersey Pension Fund Just Shy of 3.09% Benchmark

Real return is the $76 billion plan’s best-performing asset class.

07.29.19
In The News
Times Investigation: $22,000 For A Trip To Australia? Pension Trustees Draw Scrutiny Over Travel Costs

The trustees of the massive trust fund, commonly known as LACERA, have taken hundreds of trips across the country and overseas in recent years, excursions that have cost the fund more than $1.3 million since 2015, according to a Times review of internal documents.

07.29.19