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So far CORPaTH has created 1047 blog entries.
25 11, 2019

CalPERS diversity strategy using strength in numbers

2019-11-25T08:33:43-08:00November 25th, 2019|Categories: Retirement|Tags: , , |

CalPERS has a well-developed plan to encourage diversity on public company boards on its own and as part of industry organizations, but when it comes to private companies, officials at the largest pension plan in the country are choosing to work as part of an industry group rather than go it alone. Asset owners haven't tackled the issue of diversity at private companies until relatively recently. But as the number of private companies choosing to stay private longer increases, [...]

22 11, 2019

Senators Grassley and Alexander Release a Proposal on Multiemployer Pension Plan Reform

2019-11-22T10:41:14-08:00November 22nd, 2019|Categories: Multiemployer Plans|Tags: |

On November 20, 2019, Chairman of the Senate Committee on Finance Sen. Chuck Grassley (R-IA) and Chairman of the Senate Committee on Health, Education, Labor and Pensions Sen. Lamar Alexander (R-TN) released the Multiemployer Pension Recapitalization and Reform Plan, in the form of a “White Paper” accompanied by a Technical Explanation (together referred to here as the “Reform Proposal”), that is intended to revamp the laws that apply to multiemployer defined benefit pension plans. The Reform Proposal comes at [...]

21 11, 2019

At Long Last: Senate Moves Forward With a Multiemployer Pension Rescue

2019-11-21T13:28:49-08:00November 21st, 2019|Categories: Multiemployer Plans|Tags: |

Earlier today, Senators Chuck Grassley (R-Iowa) and Lamar Alexander (R-Tenn.), chairs of the Senate Finance and Senate Health, Education, Labor and Pensions Committees respectively, released a proposal for new legislation to rescue struggling multi-employer plans and the multi-employer arm of the PBGC itself, which is otherwise anticipated to become insolvent in 2025. This proposal, which they’re calling the Multiemployer Pension Recapitalization and Reform Plan, doesn’t promise the something-for-nothing of the House Democrat’s Butch Lewis Act (originally proposed in 2018 [...]

18 11, 2019

Is retirement dying? The old work model is disappearing for boomers, Gen Xers

2019-11-18T11:35:19-08:00November 18th, 2019|Categories: Retirement|Tags: , |

More Americans are opting to work well into retirement, a growing trend that threatens to upend the old workforce model. One in three Americans who are at least 40 have or plan to have a job in retirement to prepare for a longer life, according to a survey conducted by Harris Poll for TD Ameritrade. Even more surprising is that more than half of “unretirees” – those who plan to work in retirement or went back to work after retiring – said [...]

18 11, 2019

Two rival experts agree — 401(k) plans haven’t helped you save enough for retirement

2019-11-18T11:28:35-08:00November 18th, 2019|Categories: 401(k)|Tags: , |

Retirement experts have debated for years over the consequences of America’s shift from traditional pensions to 401(k)s and other so-called defined contribution plans. Among the issues at hand: Do the new-style plans leave too many workers behind? Do they saddle employees with too much risk? Do they increase economic inequality? It’s fascinating, then, to see that two experts who commonly come at these questions from opposite sides of the political divide have collaborated on an important new analysis of [...]

11 11, 2019

Poland Approves Plans to Overhaul Pension System

2019-11-11T13:07:26-08:00November 11th, 2019|Categories: Pension Funding|Tags: |

Poland is moving its state-guaranteed private pension benefits to IRA-like accounts. The shift is designed to trim the Polish government’s liabilities and save $5 billion thanks to reduced retirement outlays. The government-backed private system, called OFE, is valued at about $43 billion. Private pension funds are owned and run by firms like MetLife, NN Group, and Aviva. The government is transferring assets to fill a budget gap and minimize uncertainty. Poles’ private pension money will be moved to the [...]

11 11, 2019

What it would mean for pensioners if Kenney creates an Alberta pension plan

2019-11-11T13:05:17-08:00November 11th, 2019|Categories: Pension Funding|Tags: , |

Naturally, some questions arise whenever anyone floats the possibility of transferring billions of public dollars from one fund manager to another. Speaking Saturday during a keynote address to close the Manning Conference in Red Deer, Alberta, Premier Jason Kenney laid out measures that will be explored as part of what's being called the Fair Deal Panel. He announced initiatives that include creating a provincial police force, establishing a formal provincial constitution and opting out of federal cost-sharing programs. The [...]

8 11, 2019

Latest Senate attempt to move on SECURE Act fails

2019-11-08T08:23:56-08:00November 8th, 2019|Categories: Retirement|Tags: |

Requests to consider the SECURE Act via unanimous consent were rejected Thursday, as the sweeping retirement package remains in state of limbo. Sen. Pat Toomey, R-Pa., took to the Senate floor and proposed the body consider the Setting Every Community up for Retirement Enhancement Act of 2019, which the House overwhelming approved in May, along with five amendments apiece from Republicans and Democrats. He also proposed setting a 10-hour debate limit on the bill and 30 minutes of debate [...]

6 11, 2019

Corporate America Pushes for SECURE Act Passage

2019-11-06T16:09:01-08:00November 6th, 2019|Categories: Retirement|Tags: |

A group of more than 90 CEOs and senior executives from leading American corporations and business groups has issued a public letter calling on the U.S. Senate to pass the Setting Every Community Up for Retirement Enhancement Act, commonly referred to as the SECURE Act. The plea, addressed both to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer, comes some six months after the U.S. House passed its version of the SECURE Act with a nearly [...]

1 11, 2019

Letter from Fiona Reynolds, PRI

2019-11-01T09:39:33-07:00November 1st, 2019|Categories: Socially Responsible Investment|Tags: , |

Dear US Signatories, Since its inception, the Principles for Responsible Investment (PRI) has prioritized a market-led evolution toward long-term responsible investment. PRI remains committed to active, ongoing engagement with signatories regarding significant matters affecting financial markets including environmental, social and governance (ESG) issues. Today the evidence of the urgent need to address sustainability issues, such as climate change, is incontrovertible—we no longer have the luxury of waiting for all market participants to accept their responsibility to contribute to a [...]

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