Pension Reform

French PM to suspend Macron’s flagship pension reform

By Elizabeth Pineau and Michel Rose Source: Reuters French Prime Minister Sebastien Lecornu promised on Tuesday to suspend a landmark pension reform until after the 2027 election, sacrificing one of President Emmanuel Macron's legacy achievements to ensure the government's survival. By bowing to pressure from leftist lawmakers who revile the 2023 reform, Lecornu has managed to stave off a stark escalation in France's months-long political crisis. The Socialists welcomed his concession, saying they would not vote to topple him [...]

CORPaTH2025-10-15T10:14:16-07:00October 14th, 2025|Categories: Pension Reform|Tags: france, Pension Reform|

Alaska’s Pension Reform Faces Another Delay

Source: National Public Pension Coalition Last week in Alaska, Senate Majority Leader Cathy Giessel and House Majority Leader Chuck Kopp signalled that passage of a bill restoring a defined benefit pension for Alaska public employees was unlikely to pass both chambers before the 2025 legislative session ends next month. A piece from the Anchorage Daily News noted that last year, the Senate adopted Leader Giessel’s bill only to have it get stuck in the previously conservative-controlled House. This time, [...]

CORPaTH2025-04-30T16:35:27-07:00April 24th, 2025|Categories: Pension Reform|Tags: alaska, Pension Reform|

UK: Investors call for reform of defined benefit pension plans

Source: Agenzia Nova Investors are calling on the UK government to reform the £1.200 trillion so-called defined benefit pension schemes to free up billions for infrastructure and real estate, the Financial Times reported. “The schemes need to be a priority: they have the potential to make money available more quickly than other sectors,” said Insight Investment’s head of solutions engineering, Jos Vermeulen. Second Owen McCrossan, head of investment for abrdn's pension funds, a 5 per cent allocation of assets [...]

CORPaTH2025-01-21T11:39:47-08:00December 24th, 2024|Categories: Defined Benefit Plans|Tags: DB Plans, Pension Reform, UK government|

Vermont governor vetoes pension reform bill, but override likely

By Margarida Correia Source: Pensions & Investments Vermont Gov. Phil Scott has vetoed legislation unanimously passed in the House and Senate to reform the state's pension systems for teachers and state employees. In a letter to lawmakers on Monday, Mr. Scott rebuked the bill, saying it "does not include enough structural change to solve the enormous unfunded liability problems the state faces." He raised concerns that despite adding $250 million in additional taxpayer money, the state in several years [...]

CORPaTH2022-05-04T08:35:37-07:00May 4th, 2022|Categories: Pension Reform|Tags: Pension Reform, vermont|

House panel to weigh multiemployer pension reform bill

Legislation to help struggling multiemployer pension funds is to be considered this week by a key House panel as part of a COVID-19 relief measure. The House Ways and Means Committee is expected to start marking up a package of pandemic relief measures Wednesday, including one aimed at stabilizing pensions for more than 1 million participants in multiemployer plans approaching insolvency. The pension section of the proposed Emergency Pension Plan Relief Act of 2021 is cited as the "Butch [...]

CORPaTH2021-02-09T14:33:29-08:00February 9th, 2021|Categories: Multiemployer Plans|Tags: Pension Reform|

France invokes clause to push through pension reform

French Prime Minister Edouard Philippe has said the government invoked a special clause in the country’s Constitution to push through a controversial pension reform plan without a parliamentary vote. Speaking at the Lower House of Parliament, Philippe on Saturday announced his decision to use Article 49-3 to make into law the government’s pension reform bill, reports Xinhua news agency. The French goverment has planned to replace the current pension system of 42 regimes by a point-based single one with [...]

CORPaTH2020-03-02T15:00:13-08:00March 2nd, 2020|Categories: Pension Reform|Tags: france, Pension Reform|