About CORPaTH

This author has not yet filled in any details.
So far CORPaTH has created 1081 blog entries.
29 09, 2020

State increased public pension assets despite pandemic

2020-09-29T12:41:56-07:00September 29th, 2020|Categories: Pension Funding|Tags: , , |

Indiana’s public pension funds for state and local government employees, including teachers, has apparently weathered the financial markets’ volatility during the coronavirus pandemic, new data from the state show. The General Assembly’s Pension Management Oversight Committee heard Wednesday that the Indiana Public Retirement System increased its pension assets by 2.56% to $30.6 billion during the 2020 budget year, which ran from July 1, 2019, to June 30, 2020. According to INPRS, the state’s prepaid pension programs were 90.6% funded, [...]

29 09, 2020

Retirement security trumps job security

2020-09-29T12:22:24-07:00September 29th, 2020|Categories: Retirement|Tags: , |

Canadian workers are still focused on having a good workplace retirement plan, despite the global pandemic, according to a recent survey. Fifty-five per cent say that they are concerned about retirement security compared to 44 per cent who are worried about job security, finds the survey of 3,500 Canadians, conducted between May 27 and June 5 for the Healthcare of Ontario Pension Plan (HOOPP). “It reinforced to us how important and top-of-mind retirement savings are for Canadians,” says Steven [...]

17 09, 2020

Vast majority of managers still on lockdown

2020-09-17T08:54:46-07:00September 17th, 2020|Categories: Economy|Tags: , |

The number of money management firms with employees working from home has barely budged over the summer, a Callan survey released Wednesday showed. Callan said 81% had not opened their offices as of Aug. 15, nearly the same as the 84% that had reported keeping their doors closed in June. The investment consultant's second "Coping with COVID-19" survey report said 44% of the 98 responding firms have not set a date for returning to the office. Of the remaining [...]

17 09, 2020

Multiemployer plans get tiny reprieve in latest PBGC report

2020-09-17T08:52:49-07:00September 17th, 2020|Categories: PBGC|Tags: |

The Pension Benefit Guaranty Corp.'s single-employer program will remain in the black over the next decade, while the multiemployer program could gain another year or two before insolvency, according the agency's latest projections report released Monday. The report for fiscal year 2019 provides 10-year projections ended Sept. 30, under a range of financial scenarios. As of Sept. 30, 2019, the single-employer program had $46.3 billion in assets, while the multiemployer program had a deficit of $82.3 billion. Last year's [...]

17 08, 2020

Pensions preferred over higher pay

2020-08-17T12:26:51-07:00August 17th, 2020|Categories: Defined Benefit Plans|Tags: , , |

Eighty per cent of Canadians would rather have a better pension plan, or any pension plan, instead of a higher salary, according to a new survey. “[This idea that] people would actually forego some salary increase to get a higher pension is something that I think surprises, just the level of commitment to that,” says Jim Keohane, president and CEO of the Healthcare of Ontario Pension Plan (HOOPP) in Toronto, which commissioned the survey. The 80 per cent is [...]

11 08, 2020

Industry sounds off against DOL proposal on ESG

2020-08-11T09:39:33-07:00August 11th, 2020|Categories: ESG|Tags: , |

A Department of Labor proposal that would likely curb environmental, social and governance investments in ERISA plans has drawn sharp criticism from the retirement community. In a 30-day comment period that concluded July 30, stakeholders roundly admonished the Labor Department's proposal to add regulatory text that makes clear that ERISA requires plan fiduciaries in both private defined benefit and defined contribution plans to select investments "based on financial considerations relevant to the risk-adjusted economic value of a particular investment [...]

11 08, 2020

COVID-19 pushes social issues to ESG forefront

2020-08-11T09:37:28-07:00August 11th, 2020|Categories: ESG|Tags: , |

One of the many upheavals caused by the COVID-19 crisis has been some reordering of environmental, social and governance priorities for institutional investors. While climate change and other environmental issues "were almost synonymous with ESG, the pandemic forced us to shift, and forced owners of capital to think about the other letters in ESG," said Nathan S. Shetty, Chicago-based head of multiasset portfolio management for Nuveen LLC, the money management arm of TIAA-CREF. The global health crisis plus renewed [...]

4 08, 2020

Real estate executive Peter Palandjian lines up a who’s who of Corporate Boston for voting initiative

2020-08-04T11:40:02-07:00August 4th, 2020|Categories: Economy|Tags: , , |

Low voter turnouts in the US have always bothered Peter Palandjian. After the COVID-19 pandemic and waves of racial unrest overlapped this spring, he decided to do something about the issue. Palandjian, chief executive of Boston-based Intercontinental Real Estate Corp., is launching the “A Day for Democracy” project this week. It’s a nonpartisan pledge card initiative aimed at rounding up employers of all sizes who will work to increase voter participation, in part by promising to give employees some [...]

3 08, 2020

California Supreme Court forbids pension spiking, but upholds other retirement protections

2020-08-03T11:59:28-07:00August 3rd, 2020|Categories: Pension Funding|Tags: , |

The California Supreme Court on Thursday ruled against public employee unions that were trying to beat back part of former Gov. Jerry Brown’s pension overhaul law. The court’s ruling prohibits so-called pension spiking, a strategy in which county public workers took extra shifts, worked odd hours at higher pay or cashed out accumulated leave at the end of their careers to inflate their pensions in retirement. The Alameda County Deputy Sheriff’s Association filed a lawsuit in 2012 over Brown’s [...]

3 08, 2020

Canadian defined benefit pension plans enjoy best quarter ever

2020-08-03T11:56:43-07:00August 3rd, 2020|Categories: Defined Benefit Plans|Tags: |

Canadian defined benefit pension plans experienced a pronounced upsurge in the second quarter, posting a median return of 9.6 per cent, according to the RBC Investor & Treasury Services All Plan Universe.  This marked the highest single quarter return in the universe’s history, reversing the steep Q1 losses and raising the median plan’s return to 1.4 per cent on a year-to-date basis. The gains followed a series of aggressive fiscal and monetary support measures introduced in March to address [...]

Load More Posts
Go to Top